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


To: Ms. Baby Boomer who wrote (8786)4/19/2001 7:13:41 PM
From: Don Green  Respond to of 14451
 
Maria>Big boys near the close...
200k, 255.2k, 100k...betting on Nellie & BB

Being Big doesn't make you smart, a lot of big money has been lost on SGI and other potential turnarounds.

Regards

Don



To: Ms. Baby Boomer who wrote (8786)4/19/2001 8:10:00 PM
From: Thomas A Watson  Read Replies (1) | Respond to of 14451
 
Would anyone take this seriously, Ibm will make in a couple of weeks a major announcement about Itanium and I've heard that Intel is moving in release dates for Itanium.

Also ibmsgi.com is nolonger open domain name. That's a great 3d acronym. Image Binocular Modes Stereo Grphics Incorportated.

I thought months ago that there was a fit. anyway I suspect 4.50 or better. Oh Scheduled to start Fri, Apr 20, 2001, 8:30 am Eastern
I thought the call was to be after market close. That's interesting. It's before market opens.

tom watson tosiwmee



To: Ms. Baby Boomer who wrote (8786)4/20/2001 11:45:16 AM
From: Don Green  Read Replies (3) | Respond to of 14451
 
dg> Surprise Surprise!

Silicon Graphics (SGI:NYSE - news) is down 21% after posting a third-quarter loss of 74 cents a share, well below analysts' expectations of 25 cents and the year-ago loss of 10 cents.

dg>I wonder what them Big Boys (AP3,44 Mag) were thinking??? stockcharts.com[w,a]daclyimy[d20010101,20010420][pb50!b200!d20,2!f][vc60][iut!Ub14!La12,26,9!Lp14,3,3!Lf!Lc20!Lg]

Silicon Graphics posts loss, cuts work force
MOUNTAIN VIEW, Calif., April 20 (Reuters) - Silicon Graphics Inc. (NYSE:SGI - news), a maker of computer servers and workstations, on Friday posted a fiscal third-quarter loss and said it would cut 15 percent of its work force and take a charge.

For the quarter ended March 31, the Mountain View, Calif.-based company reported a net loss of $141 million, or 74 cents per diluted share, compared with a loss of $18 million, or 10 cents, reported for the year-earlier period. The fiscal 2001 period's net loss included a noncash write-off of $83 million for a venture investment.

The company posted revenue of $510 million, compared with $564 million a year earlier.

In an effort to break even at the current revenue level by the next fiscal year, the company said it plans to eliminate about 1,000 regular, temporary and contractor positions, or about 15 percent of its global work force, in the fourth quarter, which ends in June.

The job cuts will result in a fourth-quarter restructuring charge of approximately $60 million to $80 million.