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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 92.66

-0.6%

Dec 2 3:59 PM EST

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To: John M. Zulauf who wrote (1457)	5/16/1997 7:37:00 PM
From: Jeff Maresh	of 14451

Hi John - I've been in since $30's. Average is now about $17 & change since I nearly doubled my position at $13 & change. Couldn't resist the yard sale prices! Another good sign for SGI is that the dollar has fallen almost 10% against the yen just in the past few weeks. CNN reported that the Japanese government stated they wanted a reversal when 125 yen could be bought for a dollar. If the exchange rate continues to drop, it is going to have a significant positive effect on earnings since around 50% of revenues are from outside the US market. They stated in the conf call that Japanese sales were weak partly due to the exchange rate and partly due to the end of the Japanese FY. So the current quarter could be a barn burner. I am cautiously optimistic about the current quarter and more optimistic about Q1 and Q2 the next FY. Regards Jeff

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