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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 93.81

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To: Don Green who wrote (10621)	11/11/2002 1:26:25 PM
From: Don Green	Read Replies (1) of 14451

Silicon Graphics Boosts Supercomputer Speed to Compete With IBM By Jonathan Berr Mountain View, California, Nov. 11 (Bloomberg) -- Silicon Graphics Inc., whose computers are used to explore for oil, boosted the speed of its supercomputer to stay competitive with rivals such as International Business Machine Corp. The new machine is one-third faster than its predecessor and has four times as many processors in a single rack. The supercomputer sells for $2.9 million, less than half the price of a similar model sold by IBM, said Jan Silverman, Silicon Graphics' senior vice president for global marketing Silicon Graphics is improving the supercomputer as it seeks to capture additional businesses from the U.S. military, which uses the company's machines for missile-defense programs. Shares of Mountain View, California-based Silicon Graphics rose 3 cents to 97 cents in trading on the New York Stock Exchange Friday. They have plummeted 54 percent this year. The company's supercomputers are also used for weather forecasting by the federal government and by Procter & Gamble Co. to determine the absorbency of Pampers diapers. The new computer went on sale during the past few weeks. Silicon Graphics will formally introduce it at a trade show later this month in Baltimore, Silverman said.

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