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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 92.96

-0.9%

3:59 PM EST

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To: Jeff Maresh who wrote (2914)	10/6/1997 10:27:00 PM
From: Carl Hutchinson	of 14451

Good post Jeff. Sanity seems to be at a premium here tonight though that's quite understable. Have read all of todays posts and wonder if you folks have missed something important. Two stories broke today: 1. DEC will kiss and make up with INTC (for about $1.5 billion) 2. SUNW announces its ready to jump into the 600+ megahertz server market. Now, I'm a novice at this stuff (2 years ago I thought a server started a tennis game) but it seems to me that competition is really heating up and SGI and HP et al had better get their butts in gear. I have been trading SGI for about 2 years. Bought at 30, bought more at 19, bought more at 13, sold some at 21, bought more at 18, sold half my positon at 29 a month ago. I plan to hold the rest for a while. If nothing worse happens, I would pick up more in the low teens. I would also expect this to be dead money for a while. Like others have mentioned, my experience leads me to believe that it will take some time for the stock to catch fire again (maybe never). Why buy now? 'Cause they don't tell you the day before they light the rocket. Good company - good technology - horrible management - a speculation. Diogenes Diogenes

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