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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 93.75

-0.6%

Dec 12 9:30 AM EST

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To: MJ who wrote (9940)	4/24/2002 11:32:54 AM
From: Don Green	Read Replies (2) of 14451

MJ> A tax refund received is money in the bank! And, it is money which can be used. Wish I had a nice refund coming this year. Excluding the tax gain and restructuring charge, SGI had a loss of 5 cents per share, Chief Financial Officer Jeffrey Zellmer said in an interview. That's within the guidance the company gave in January--somewhere between a loss of 9 cents per share and a profit of 1 cent per share--but less than the loss of 2 cents per share that analysts surveyed by First Call had projected. The tax gain was a one-time benefit that resulted from a change in tax law signed by President George W. Bush (news - web sites), Zellmer said. The change allowed SGI to "go back and recoup some income taxes we paid in the mid-1990s," he said. story.news.yahoo.com

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