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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: Fan Jiao who started this subject	8/7/2002 10:18:39 PM
From: Ms. Baby Boomer	of 14451

As tech executives focus on books, business languishes By Jim Christie and Peter Henderson Wednesday August 7, 4:19 pm Eastern Time Reuters Company News (This is part of series of stories this week on new requirements that senior executives certify their companies' financial results) ... MORE THAN NUMBERS Bob Bishop, chief executive of high-end computer maker Silicon Graphics Inc.(NYSE:SGI - News; SGI), plans to certify results for the SEC after a thorough check of financial procedures. But he plans to go beyond the sworn statement. "There is a tremendous amount of additional attention paid by boards of directors, including our board, on all the issues that go into corporate governance," he said. "It is not just: 'Let's look at all the numbers.'" U.S. companies should focus on moving toward long-term investment goals rather than "looking at the goddamn stock price on an hourly basis," Bishop says. Indeed, a short-term focus on SGI's stock price would make most people crazy. In the last year, the stock first rose 14-fold, then fell by two-thirds to trade around $1.30 now... biz.yahoo.com ...ROFLMAO!!!!

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