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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 91.87+1.8%Dec 5 3:59 PM EST

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To: Ms. Baby Boomer who wrote (10446)9/19/2002 9:25:06 AM
From: Seeker2007  Read Replies (2) of 14451
 
Maria,
I don't think we will not move up until
a decent earnings report, i.e., +ve eps and +y/y revenue
with +ve projections. However, I am hoping (expecting!)
for a good report and to answer Don's question,
the reasons are clearly laid out in the investor
road show of a few weeks ago.

If you had SGI prior to the MIPS spinoff do you also follow
MIPS ? That one has also taken a beating.

Unfortunately I have owned Lucent for a long time. Got it
as part of the spinoff from AT&T held it through the
splits and run-up to 86 and still have it. Lucent is clearly
in bad shape though. Demand and pricing for their products
is very weak. Some of the projected growth markets buy
their equipment locally (Carly Fiorina when she was at Lucent
was known to go to China and drink large amounts of alcohol
in order to sell some equipment - however when a deal was
announced it would be $50 million or something trivial
and not material to Lucent revenue). A Chapter 11 filing
for Lucent is certainly very possible and that implies
a delisting from the Big Board :-(.

Perhaps I will switch from LU to SGI today and generate a
tax loss.

Let me finish with a warning that my prediction record is
poor.
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