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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Scumbria who wrote (105076)4/13/2000 1:00:00 PM
From: nixtox  Respond to of 1573500
 
OT MIPS: Scumbria, Ted, I bought some too.



To: Scumbria who wrote (105076)4/13/2000 1:44:00 PM
From: tejek  Read Replies (1) | Respond to of 1573500
 
I picked up some October $45 MIPS calls just now. The SGI divestiture is supposed to be completed this summer, and the stock should rocket. It traded as high as $111 in the wake of PS2 a few weeks ago.

Scumbria,

Are you saying that SGI is divesting itself of MIPS stock?
If so, that would explain the huge drop....SGI owns 65% of the stock.

ted



To: Scumbria who wrote (105076)4/13/2000 2:34:00 PM
From: brushwud  Read Replies (2) | Respond to of 1573500
 
The SGI divestiture is supposed to be completed this summer,

"Link, please." I seem to remember September 30 from an SEC filing last year (that's not summer is it?) and maybe December 31 talked about this year.

and the stock should rocket.

Sorry Scumbria, but this makes no sense to me. SGI's 2/3 ownership represents tremendous overhang.

You should look at QEDI. They're the premier MIPS architecture designers/manufacturers, not a tollbooth like MIPS or Rambus. From what I know about you, you'd really appreciate Tom Riordan & Ray Kunita, founders of QED Inc. (And they'd probably appreciate a guy like you, too. Check 'em out, in more ways than one.)