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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 94.89+2.3%3:19 PM EST

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To: Alfred Wang who wrote (542)1/6/1997 7:53:00 PM
From: Irv Klein   of 14451
 
Preliminary results for quarter indicate break even in operating earnings and $0.08 per share in merger related expenses. Analyst estimate was for $.24/share. Again SGI failed to meet expectations and stock is 25 1/4 in after hours trading down 1 1/2. Is this the final disappointment from SGI or will more be coming. The 950 million in bookings is very bullish provided that SGI can finally make product for delivery this quarter. There really is something wrong with SGI management's ability and its failure to meet analyst's expectation but I am hoping that despite these failures the market will finally make SGI a winner this quarter.
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