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


To: Don Green who wrote (8805)4/20/2001 6:42:43 PM
From: Ms. Baby Boomer  Read Replies (1) | Respond to of 14451
 
TA money flow...when a stock is in a trading range
isn't a significant indicator, imho...

2HRS2GO: SGI takes the economy on the chin

April 20, 2001 3:06pm

By Sergio G. Non 22GO ZDII

COMMENTARY--Everyone feels the pain of the bellwethers hit by the economic slowdown, but it's a lot harsher for the ones who were on the verge of getting back into the game.

Once considered a premier holding for many technology portfolios, SGI (NYSE: SGI) made its reputation with uber-workstations for fancy graphics and design. A series of strategic missteps--the purchase of Cray Systems will go down as one of the legendary screw-ups in the history of the tech industry--combined with strong competition from Sun Microsystems (Nasdaq: SUNW) to drive SGI into the depths of near-irrelevance. Even as the overall market for tech stocks surged in the late '90s, SGI languished in a long decline. SGI may have hit the bottom last year, but it hasn't gotten up yet. Shares have been trading in the $3 to $5 range for the past 10 months.

zdii.com