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


To: Ms. Baby Boomer who wrote (8918)7/9/2001 8:02:11 PM
From: James M. Bash  Read Replies (3) | Respond to of 14451
 
Trading up to $1.30 in after-hours - there's talk on Yahoo that they may have a buyer and are making moves to prepare the company for sale...

cnbc.com

Makes sense to me - this company could be bought for twice the current (incredible) price/sales of 0.13, receive new (acquirer) management, and renew all that is good here.



To: Ms. Baby Boomer who wrote (8918)7/10/2001 12:28:18 PM
From: Don Green  Read Replies (1) | Respond to of 14451
 
Salomon cuts Silicon Graphics
NEW YORK, July 10 (Reuters) - Salomon Smith Barney on Tuesday said it cut its investment opinion on shares of Silicon Graphics Inc. (NYSE:SGI - news) a day after the network computer maker said it would review business plans following a slowdown in bookings.

Salomon also noted the departure of Silicon Graphics' chief financial officer in its rating cut.

Analyst John Jones downgraded the stock to an ''underperform'' rating from a ``neutral'' rating. Salomon lowered the target price on Silicon Graphics to $1.00 per share from a previous target of $4.00.

The firm also changed quarterly estimates for Silicon Graphics. Salomon now pegs the company at a loss of 31 cents per share for the fourth quarter, wider than a previous estimate of 15 cents. For the full year, the firm expects Silicon Graphics to post a loss of $1.62 per share versus an old estimate of a loss of $1.46 per share.

Shares of Silicon Graphics fell 35 cents to strike a new low of 89 cents in early Tuesday trading, off a year high of $5.13.