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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 88.96

-2.3%

Dec 17 3:59 PM EST

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To: Don Green who wrote (11951)	2/17/2004 6:45:37 PM
From: Michael Young	Read Replies (1) of 14451

Pushed back the debt from 2004 to 2009. But it appears most of it will be converted from debt to equity anyway. They had over $100 million in cash at the last report. They get another $50 million in today's transaction and probably $50-$75 million from the Alias sale. And the breakeven point has been reduced dramatically. The spector of BR has been removed. We can argue all day long about to company's plans to grow again, but I like the odds of a long position at $3.50. Mike

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