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

To: dd who wrote (8400)	12/15/2000 1:34:33 PM
From: Maher Sid-Ahmed	Read Replies (1) \| Respond to of 14451

SGI is a turn around story. The new COO/CFO has stated in the last quarter that revenues will increase by 20%. They have entered the quarter with $300 million in back orders. If he can deliver on his prediction then the share price can easily climb to $7 or even $10. If he returns to profitability and improves his cash position then the share price can climb much higher. We are all in a wait and see mode and no one can predict what will happen. A board member showed his confidence in the present management by buying SGI shares using $250,000 of his own money at $4.25.