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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 91.10-2.0%Dec 16 3:59 PM EST

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To: Don Green who wrote (11961)2/18/2004 12:47:57 PM
From: Ms. Baby Boomer  Read Replies (1) of 14451
 
That's a rather naive statement Donald...

For example, the Feb. 2000 TERA aka CRAY PP was even a larger discount to the Market than SGI...

Transaction:

Completed a private placement of common stock. The private placement consists of approximately 5.2 million shares of common stock, priced at $5.00 per share, which was based on a discount to the January 27th closing bid market price of $6.375. The stock was placed with a group of institutional investors; no warrants or options were issued in conjunction with the transaction....
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