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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 94.63

+2.0%

11:07 AM EST

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To: Eli Lauris who wrote (569)	1/7/1997 10:41:00 PM
From: Irv Klein	of 14451

To the guys that sold at open thank you very much cause you made it possible for me to buy some more shares at a good price. I do not think you are reading the press release that carefully. There were 950 million in bookings last quarter. If bookings were translated into sales analyst's revenue predictions of 895 million would have been topped. Unfortunately all the bookings did not result in sales revenues because product wasnt delivered. SGI just introduced major new products last quarter. Delivering new product is difficult since SGI relies in other manufacturers for making many of the components in their new machines. Ramping up is not so easy give it a little time. I think you dumpers jumped the gun. By next quarter production should be hummin on all eight cylinders. There is little doubt that SGI's computers are one of the industry's major hits. Look at record bookings and record backlogs. This is just the first quarter of product introduction. Things can only get better. This stock looks hot for at least next 18 months.

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