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Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (6150)	6/23/1999 7:29:00 PM
From: Jim Davison	Read Replies (2) \| Respond to of 14451

Hello everybody. I am still lurking, holding my SGI, but became rather discouraged with the company after the last conference call. They freely admitted that they were clueless about why they weren't dong better. All that "we have no excuse" stuff does little to comfort investors. I sold off about 20% but I'm holding on now looking for about $18. The last quarter's losses were associated with the ramp-up of the VW. SGI might declare a nice surprise profit this quarter -- which would attract a lot of attention to the stock -- especially with other PC manufacturers struggling. However, SGI has been an exasperating stock to own or recommend --JD

To: Don Green who wrote (6150)	6/23/1999 8:39:00 PM
From: miklosh	Read Replies (2) \| Respond to of 14451

US OPTIONS -SGI vols ease from peak, volume swells CHICAGO, June 23 (Reuters) - Implied volatility in options on Silicon Graphics Inc. (NYSE:SGI - news) eased back from an intraday peak on Wednesday, but volume remained robust. Implied volatility in the American Stock Exchange-listed options had risen to about 90 percent, from Tuesday's 80-percent area, before edging back down toward 80 again. The historical one-month volatility of the stock is about 39 percent. Paul Foster, investment strategist with 1010wallstreet.com, said the initial volatility rise reflected good call buying that was probably sparked by vague, recurrent buyout talk. ''There have been vague takeover rumors floating around, but there are also rumors that SGI's business has improved substantially,'' Larry McMillan of McMillan Analysis Corp. wrote in options commentary Wednesday. SGI spokesman John Cristofano said the company had not made any announcements in the last two days and declined to comment on the recent rumors. A month ago, implied volatility popped up and volume increased in SGI options, but no major alliance or takeover news materialized. On Wednesday, the stock stayed on the plus side despite a subsequent downward retracement in the vols that followed some sizable sales in the August 17.5 calls. ''The crowd probably figured that's the end of the takeover talk,'' Foster added of the return downward in the implied volatility. ''The angle here is it might be more of an alliance than an outright buy.'' The August 17.5 calls firmed 1/4 to 1-5/16 on volume of 8,473 and open interest of 1,804. Turnover remained brisk for a second consecutive day, with roughly 11,993 calls and 4,593 puts changing hands. On Tuesday, call plus put volume totaled about 9,400 options, well above the more typical 1,400-contract level. Shares of the California-based technical computing firm ended up 1 at 15-9/16 on New York Stock Exchange volume of 2.8 million.