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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 87.31

+3.2%

Nov 21 3:59 PM EST

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To: kris hatfield who wrote (1864)	7/13/1997 2:13:00 PM
From: Irv Klein	of 14451

Kris, I have been involved over the years in numerous businesses and from a philosophical point of view there are 2 approaches to making money: 1) You innovate something totally new and if you are lucky you revolutionize the world and make a ton of money. However if your new product doesnt catch on you go out of business. 2) You look around and see a product that is doing extremely well and making a ton of money. You then say to yourself Im gonna get involved in this business and only do it better. The second method is a sure way to make money the first is a long shot gamble. I have held SGI since early 1996 while they have completely overhauled their business and have seen my investment go down 20%. Like you I hope this is only temporary and indeed they do hit the jackpot with there new approach. On the other hand if I had bought Dell who does nothing really innovative but make and sell microsoft and intel products - only they do it better than anyone - instead of losing 20% on by investment I would be making 1000%. Hmmm sometimes I talk to myself and question which business approach is better.

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