Silicon Graphics, Inc. (SGI) Message Board

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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 91.07

-0.9%

Dec 8 3:59 PM EST

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To: Don Green who wrote (10437)	9/18/2002 5:34:46 PM
From: Don Green	Read Replies (1) of 14451

I wonder which comes first "Pink Sheets" or more "Pink Slips"? (SGI closed at $.98) This is actually about Lucent, but is equally relevant to SGI. If the stock closes below $1 for 30 straight days, the New York Stock Exchange could seek to delist the company, under the Big Board's rules For now, such an outcome seems improbable. Even in a worst-case scenario, Lucent could take steps to raise its stock price, including a so-called reverse stock split. In a reverse split, companies exchange one share for several shares. For example, if Lucent issued one share for every three shares outstanding, it would theoretically raise the stock price to nearly $3. cbs.marketwatch.com

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