Silicon Graphics, Inc. (SGI) Message Board

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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 92.66

-0.6%

Dec 2 3:59 PM EST

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To: dd who wrote (4581)	3/27/1998 2:16:00 PM
From: Brett Behm	Read Replies (2) of 14451

<<If you expected the turnaround this soon>> No, I didn't expect a turnaround, but this sort of news does not help the stock in anyway. Look at last quarter, they had bad earnings news, but no pre-announcement. So what happens, they announce the bad earnings along with the appointment of a new CEO, and rather than being down to single digits, it pops to 16. What bugs me even more is words like "significantly". As released from SGI - Earnings will be "significantly" below expectations. Not just below. The quarter isn't even over so why rush to tell the bad news. The problem in this market is the price of most stocks are not governed by their underlying value. Perception is more important than reality. Look at HP. They can miss estimates every quarter only to find their stock up 10-20%. It's all spin and hype, of which SGI seems to do a pretty bad job of. How about "SGI reorganizes and announces MIPS spin-off" and Oh, by the way.. "do to our efforts to refocus the company, earnings this quarter will be below expectations". The end result is just 1 more month than necessary of bashing the company by the trade rags and press. Too bad our stock symbol is not AMZN. We could have gone up 6 points with news like this.

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