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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 90.15

-1.0%

Dec 9 3:59 PM EST

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To: Serge Collins who wrote (2921)	10/12/1997 2:48:00 AM
From: Jojo Mosko	of 14451

>> The following is a list of recent insider trading activity: This is very good data, thanks! However as much as I'm disappointed from the pre-announcement most of this forum's readers interpretation of this insider selling is most likely wrong. If at all that only proves their innocence. Three of the 5 trades were done well over a month before the closing of the books, one almost 3 weeks before it. And only one looks medium-bad (about 10-14 days before the numbers were out). Given that SGI quarters are characterized by most of sales done in the last month (and even week) of the quarter I have good reason to believe that none of these sellers really knew how bad this quarter is going to turn up. Add to this that several names are conspiciously missing including the largest holding insider (Robert Bishop) and the CEO (Ed McCracken) and I would say that it is pretty certain that the above sold their some of their holdings in good faith. Why they sold now? well after all the stock has gone up pretty sharply in the last two months so this is expected.

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