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


To: miklosh who wrote (6456)8/26/1999 12:50:00 PM
From: ramin shahidi  Respond to of 14451
 
For those of you who are looking for SGI to be picked up.. You don't know Bishop..

Bishop has been with SGI forever. He is largest share holder of SGI (%20) who has not yet sold one of his shares. He is THE one from the older SGI generation, when SGI was a truly a good company. This is before SGI employees start getting their head stuck in their ass. RB was planning to cut the fat and eventually sell the company and Bishop intercepted him and pretty much fired him.

SGI knew about RB's departure from last quarter, and shedding NT and Cray was actually Bishop's idea. Bishop, who is an old buddy of Jim Clark, is a UNIX man, and is here to put the company to the state it was before 1990's (when they were only 6000 people), by sticking to their core competencies, and that is Graphic Workstations and Servers all running Linux or Unix. He will bring back a lot of oldies back. Don't be surprised to see Jim Clark involved with SGI again at some capacity.

As long as he is in power (as a CEO and the largest shareholder), SGI will not be sold.

--Ramin



To: miklosh who wrote (6456)8/26/1999 2:07:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 14451
 
Well, I will wait until April 2000 and then get out of this stock, regardless of the price. If I break even before that, I will get out of it. If it runs up to 18 or so and I suspect that the management is playing games again, I will immediately get out of it and stomach the loss as self-inflected punishment -- for having put my faith in a bunch of crooks.