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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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To: Joe NYC who wrote (14372)	5/12/2006 2:56:29 PM
From: Rich Genik	of 14451

Look like end of commons. Why is it at .07? I add: 1) Stupidity. 2) Speculation that common shareholders will be allocated a very small percentage (<2%) of the reorganized company, or warrants in the new common, etc. Looking at the progression of such deals, that is pre-arranged Chapter 11s arranged between management and vulture funds (CQB, NTL, KM), you see and increasing arrogance about leaving anything for common holders. In the most recent case of K-mart, the common and preferred trust issues were just canceled. Of course we all know K-mart was out of Ch-11 for about a year when it accumulated the financial strength to simply buy Sears. I say dump it all. If one wants to speculate, the price will be below 2 cents soon enough. Best regards, Rich

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