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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 83.87

-2.5%

Nov 18 3:59 PM EST

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To: Riskmgmt who wrote (563)	1/7/1997 10:15:00 PM
From: Eli Lauris	of 14451

<< Today I sold at the open @ 24.25, the stock closed higher but I am glad to be out. My reasoning is just lack of cofidence in the management. Perhaps next quarter will be profitable but how can you believe management-they said that last quarter. Products may be good management can't be trusted I'd rather put my money in Intel or Cisco-excellent management with integrity. >> Product transitions of the kind that SGI is undergoing are always hard. There are engineering bugs to fix, manufacturing ramp-up, marketing and predicting customer demand. However, if the products are successful, these problems soon disappear, the production costs go down and the company has clear sailing for the next couple years. As an investor in high-tech company, you have to recognize that. I think the current situation is an opportunity to buy SGI very cheap to what it'll be valued at within a couple years.

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