Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AustinPowersIII who wrote (8016)	10/9/2000 5:12:45 PM
From: Ms. Baby Boomer	Read Replies (2) \| Respond to of 14451

SGI Announces Stock Repurchase Plan MOUNTAIN VIEW, Calif., Oct. 9 /PRNewswire/ -- SGI (NYSE: SGI - news) announced today a plan to repurchase up to 50 million shares of its outstanding common stock. biz.yahoo.com CNBC reporting SGI halted ....

To: AustinPowersIII who wrote (8016)	10/9/2000 5:28:00 PM
From: Don Green	Respond to of 14451

A&P> SGI earnings Warning! LOL Buy MORE. Silicon Graphics drops expectations By Chris Kraeuter, CBS.MarketWatch.com Last Update: 5:18 PM ET Oct 9, 2000 NEW YORK (CBS.MW) - Silicon Graphics shares were halted during Monday's after-hours session following the company's earnings and sales warning for its first quarter. Silicon Graphics (SGI: news, msgs) shares were halted after closing up 6 cents, or 1.6 percent, to $3.88. No reopen time had been posted prior to the publication of this report. Also, SGI announced it would buy back up to 50 million shares. SGI said its first-quarter loss will be 28 cents to 30 cents per share, including a $50 million one-time gain, on revenue of $420 million. Analysts surveyed by First Call expect a loss of 14 cents per share. During the first quarter last year, SGI reported a loss of $1.17 per share on revenue of $585.5 million. First-quarter order backlog is $370 million, about $120 million more than the desired level, according to a company statement. The high backlog is due to lower-than-expected shipments due to materials shortages and strong order momentum for new products. Second-quarter revenue is expected to be $500 million to $530 million. Total fiscal year revenue is expected to be $2.2 billion compared with $2.06 billion last year.