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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 92.07-1.5%Nov 11 3:59 PM EST

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To: Thomas A Watson who wrote (4847)5/13/1998 5:01:00 PM
From: Brett Behm  Read Replies (1) of 14451
 
<when HP will by SGI>

If HP uses a stock swap deal, the could have bought 8 SGI's in the last month alone. The market never ceases to amaze me. HP has had flat revenues for a year, missing quarterly earnings estimates like clock work. Some analyst upgrades the stock, and wammo, up 30% in a month. Just think a 20 Billion market cap gain, because there is nothing left to buy.

As of today, I have completely liquidated everything except my core holdings on SGI. I'm sure DELL will double, MSFT will be worth a cool Trillion, and YHOO a 20 Billion company (on 10 Mil. in profits), before this thing sees 20, but I just can't justify buying the winners.
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