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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 86.00

-2.7%

Nov 17 3:59 PM EST

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To: Thomas A Watson who wrote (4180)	1/23/1998 10:36:00 PM
From: Jim Davison	Read Replies (2) of 14451

I sold about 10% of my position today -- shares I picked up a few weeks ago. This is noteworthy for being the first time in years I have sold any SGI. I am pleased by the new CEO. However, I was disappointed by the earnings results, since this confirms that the "O" series machines really never did catch fire the way I hoped they would six months ago. It's hard to predict a really good next quarter, and it could take years to really turn SGI around. The trend in machines is toward smaller, cheaper and thinner margins -- a nearly insurmountable barrier for a company like SGI. However, I still think they are well positioned -- especially for the revolution in video servers once some fat data pipelines start being widely available to consumers. I now feel the worst news is probably behind us. I retain SGI as the biggest item in my portfolio. Now I'm off to the beach! Good luck to all, even you Mathon Davison. --JD

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