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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 92.00-0.1%3:59 PM EST

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To: Mark Dalton who wrote (4833)5/8/1998 9:05:00 AM
From: Mike Denman  Read Replies (1) of 14451
 
Number Nine Visual Technology (NINE) 4
1/4: Recent high-flyer reported a 42% decline in Q1
revenues to $8.1 mln and a net loss of $0.33 (vs yr-ago
loss of $0.26). After previously announcing the need to
raise capital, NINE today says it has entered into a loan
arrangement, convertible into preferred stock, with Silicon
Graphics and has granted Silicon Graphics an intellectual
property license from Number Nine. NINE says
companies are exploring opportunities to work more
closely to bring compelling visual computing technologies
to the PC market.
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