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

To: Dale Stempson who wrote (6276)	7/22/1999 4:50:00 PM
From: Dale Stempson	Respond to of 14451

Strong Buy Rating on SGI "BancBoston Robertson Stephens Reiterates Strong Buy Rating on SGI" SAN FRANCISCO, July 22 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens managing director and senior hardware analyst Daniel T. Niles today reiterated his Buy rating on Silicon Graphics (NYSE: SGI - news). Silicon Graphics designs and develops computer systems. ''We are reiterating our Buy rating on Silicon Graphics based on valuation, improving fundamentals and a more focused strategy likely to be articulated soon,'' said Niles. ''The company reported blow-out fiscal-fourth-quarter 1999 continuing earnings-per-share of $0.12, versus our estimate of a $0.03 loss, on revenues of $829 million. ''In our June 23rd First Call, we stated that Silicon Graphics would probably do better than anyone expected, but a slight profit of $0.03 to $0.05 and $790 million in revenues was our wild dream,'' said Niles. On August 5th, the company will have an analyst meeting to outline its strategy to focus the company on fewer business segments. ''We believe the Cray and NT businesses are the most likely candidates for some major changes,'' said Niles. ''As a placeholder, we have assumed that revenues for fiscal 2000 will be approximately $3.1 billion with an earnings- per-share of $0.50, versus our prior $0.31. We believe this is a conservative estimate.'' __________ Sounds good to me. Regards - Dale