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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 91.52

+0.9%

Nov 28 9:30 AM EST

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To: Bill Holtzman who wrote (3709)	12/5/1997 11:19:00 PM
From: Mathon Dabasir	Read Replies (1) of 14451

Bill: Fund ownership of SGI still relatively high. Like you, I thought most fund managers would totally dump SGI per its last (Kato-like) ambush. Not so. After a little digging around, I found when compared to two similar companies in its group (HP and DEC), fund-owned shares of SGI (28%) are currently almost double the other two. HP is 13%. DEC is 16%. Banks own another 10% of SGI shares, compared to HP @18% and DEC @5%. Another revealing stat: Shares owned by management. SGI @6%, HP @13%, DEC @1%. What this tells me is that many institutions (funds & banks) are indeed still hanging-on to SGI. And so are a lot of SGI employees. No doubt they're betting on a turnaround. It also explains SGI's relatively high PE of 30 at its current $14/15 per share. Again, high compared to HP and DEC who are both doing -well-. Draw your own conclusions. Many big players are still in this stock. Mathon Disclaimer: Above information was gleaned from several campfire chats with fellow camel traders during a recent trek across the Sahara. Its accuracy should therefore be immediately suspect and should not be used as a basis for investment decisions of any kind.

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