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

To: Maher Sid-Ahmed who wrote (8478)	1/22/2001 9:32:01 AM
From: Thomas A Watson	Respond to of 14451

In the context of what SGI is as a company and where it is coming from. I think the numbers were OK. yahoofin.cnet.com Market takes some tech CEOs on a roller-coaster ride ndeed, an eroded stock price is not necessarily a call to rid a company of its CEO. Take SGI's Bob Bishop, for example. SGI, whose stock has gone from $12.44 to about $4.50, was the victim of what proved to be overly aggressive expansion plans into many different computer markets. Bishop was saddled with the task of pruning away these excesses and rebuilding the company's traditional business, high-end workstations and servers. "I don't think the stock price reflects Bishop's role as a CEO," said Bart McMurry, a portfolio manager with ICC Capital Management, which holds a $12.3 million stake. "As a CEO, he's done a fine job outside of the stock price." He noted that Bishop, who joined the company in August 1999, has put out new products while he continues to stop the company from "bleeding." "We were increasing our stake last year," McMurry said. "When a stock gets that cheap, you do a breakup or takeover analysis, so it doesn't matter who's sitting in the chair." -------------------------------------------------- This quarter and next I think are the real tests. I think that SGI has made the landing (hard, soft ???) and is gaining momentum for profitable recovery. Tom Watson tosiwmee