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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 79.57

-0.7%

Nov 5 3:59 PM EST

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From: Don Green	5/8/2006 12:02:54 PM
	of 14451

Surprise Surprise, I wonder if anyone ever saw it coming. Silicon Graphics Files For Chapter 11 Protection Price 0.058 Change -0.262 % Change -81.750 Volume 47,851,834 online.wsj.com Reorganization: Under the broad outlines of the debt-for-equity plan, holders of Silicon Graphics' 6.5% and 11.75% secured notes due 2009 will swap their claims for a 25% stake in the reorganized company. The bondholders, who are owed about $191 million, will also receive the right to buy the remaining 75% of new shares in the reorganized Silicon Graphics.

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