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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 90.70+1.6%Nov 26 3:59 PM EST

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To: dd who wrote (4121)1/22/1998 6:52:00 PM
From: Mahmoud Hussein  Read Replies (2) of 14451
 
dd,
>>>Operating income for the second quarter,
excluding restructuring and acquisition charges, was $3.4 million. <<<

>If you divide 3,400,000 by 187,874,000 (shares of stock) you get earnings of 1.8 cents/share unless my calculator is wrong.<

There is also 1,538,000 interest income to be added to 3.4M.
Comes out to be 2.7c/sh.

Either way, I don't believe many people were expecting a positive surprise.
I suspect stock action will be influenced more by conditions and outlook going forward.
I sense that recent actions have just begun to show positive results and stability in the business.
However, it may take a CEO announcement to restore significant investor confidence.

Regards.
Mahmoud.
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