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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 90.15

-1.0%

Dec 9 3:59 PM EST

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To: Justin Banks who wrote (1838)	7/11/1997 2:52:00 PM
From: brushwud	of 14451

>>> HP has been moving away from workstations for years... >> >> Please substantiate. > > I got the general info off HPs investor relations www page. They said they're moving away? I didn't see that. >> And for the 12 months ending March 31, [revenue growth was] -2%. > > The -2% may be correct, I've not looked. Actually, it's incorrect. Last night I tried reading sec.yahoo.com which I accessed from this site, but I had trouble reading it. Today I looked at the top of page 9 of sec.gov and the figures I referred to were for nine months, not twelve. The -2% is in the 10-Q, but the blokes who prepared it made a mistake-- it was really +2%. (Rounded to the nearest 5%, they're both zero.) >> Revenue was rising a lot faster before SGI bought Cray. > > This was a major purchase. You don't pay for it overnight, and > while you're paying for it, you'll have less money. Doesn't that > seem reasonable? What I observe is that if you merge a growing, profitable entity with a smaller entity that is shrinking and unprofitable, you get one growing more slowly and less profitable. I can't believe Ed McCracken proposed a year like F97 to the BoD when he got approval for the Cray merger. Who can deny his performance "Needs Improvement"? I just wish I knew why he shot himself in the foot on April 2, 1996.

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