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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 95.00

+2.5%

Jan 21 3:59 PM EST

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To: dav who wrote (5604)	1/20/1999 5:44:00 PM
From: Jojo Mosko	Read Replies (2) of 14451

Thanks dav. So SGI has beaten analysts expectations. Expected number was, I believe -21 cents, whisper number was -19 cents, and SGI came in with just -14 cents per share excluding special one time items. If you include the one time items, the picture was slightly better (ie. -11 cents). The new management is regaining credibility for SGI: Belluzzo has said that he expects a small loss in Q2 (the one just announced) but an overall profit for the fiscal year. Looks like accurately delivering on expectations that were set before, actually a little bit of over-delivering. With the introduction of the new products it seems like SGI is on a good course to achieve this. This certainly looks way better than previous big losses. Turnaround time ?

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