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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 89.27

+1.6%

Nov 25 3:59 PM EST

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To: Bill Holtzman who wrote (1497)	5/24/1997 7:05:00 PM
From: Jeff Maresh	of 14451

Bill - I agree with your comments here. As a somewhat experienced value investor, bombed out stocks of solid, well positioned companies quietly rise after silly sell offs. I bought more this week so my average cost is now around $17+change. I've doubled my position since the sell off and SGI is now my biggest holding. >As "The Shark" duly noted on this thread after >SGI bottomed, 12-7/8 is a ridiculous price for a company of this caliber. What you're >seeing is the opposite of a dead cat bounce; the stock is alive and kickin'. This is what >you get when you have hordes of investors looking at a silly number that comes out >once a quarter, and I for one am glad these people are out there! (Bought Nov 20 calls >at 1.25) This thread tends to die between quarters but its been more lively than usual this quarter. It gets lively about a month before earnings announcements since people look for news of a negative preannouncement which this time would be around June 15. Also, I talked to an old friend of mine who is pretty high up on the hardware side of the IS department of a telecom company who is currently employing my consulting services. The low down on HWP's machines competing with SGI is this. He stated that HWP historically has made incremental performance improvements to keep customers happy. They put a lot of money into PA-RISC which is a 64-bit architecture but HP-UX is currently only a 64-bit OS. HWP plans to release the 64-bit version later this year. He felt that HWP was somewhat complacent at this time. Having worked on HP machines for awhile now, they are indeed quite nice compared to SUNW stuff. I haven't worked on an Origin yet but as I've stated earlier, there is a window of opportunity here to gain market share against both SUNW and HWP while they get their 64-bit OS's together. Regards Jeff

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