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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 89.27+1.6%3:59 PM EST

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To: brushwud who wrote (1561)6/12/1997 6:03:00 AM
From: Jeff Maresh   of 14451
 
Brushwud - The PR barrage I'm talking about is similar in nature (ie. more "gee whiz" stuff than substance that affects the bottom line) but occurs within 2 weeks of the earnings release. It's still too early for that one.

Meanwhile, there has been a steady stream of downward earnings revisions - both long-term and short-term. I don't consider this to be bad since analysts are FINALLY lowering expectations. This makes it more difficult (but not impossible) for them to miss the ACE. It also sets the stage for a big positive price jump if they start to beat estimates. SGI has finally caught onto the practice of guiding analysts abnormally low which is what MSFT and INTC have been doing successfully for the past few years. Hopefully SGI's earnings will start to follow the trend of the latter two.

I will post an earnings summary and the relative PSR info sometime this weekend.

Regards
Jeff
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