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

To: James M. Bash who wrote (8919)	7/9/2001 8:43:32 PM
From: James M. Bash	Respond to of 14451

dailynews.yahoo.com Monday July 9 8:06 PM ET Silicon Graphics Beats Expectations MOUNTAIN VIEW, Calif. (AP) - High-perfomance computer maker Silicon Graphics Inc. (NYSE:SGI - news) said Monday that sales in its just-concluded quarter would beat Wall Street forecasts, but the company's president and chief financial officer has resigned. Revenue in Silicon Graphics' fourth quarter, which ended June 30, is expected to be between $430 million and $440 million. That is off from $534 million in the comparable period last year but better than the $415 million expected by analysts surveyed by Thomson Financial/First Call. Sales were down from fiscal 2000 in the first three quarters of this year as well. The results are expected to lead to an operating loss of $70 million to $80 million, excluding one-time charges. The company did not provide per-share figures, which will come when full results are released July 26. ``As with other companies, we continue to find the current economic situation to be very challenging,'' said Bob Bishop, chairman and chief executive of SGI. Its high-end graphics workstations find a wide range of uses, such as in designing cars and creating special effects in movies. Hal Covert, who has been CFO since July 2000 and president since May 1, stepped down for ``personal reasons,'' the company said. He will be replaced as CFO by Jeffrey Zellmer, the corporate controller. Covert's other duties will be taken on by Bishop and the chief operating officer, Warren Pratt. Shares of SGI rose 10 cents, nearly 9 percent, to $1.24 on the New York Stock Exchange (news - web sites) before the announcements. In extended trading, the shares were up another 6 cents to $1.30. - On the Net: sgi.com

To: James M. Bash who wrote (8919)	7/9/2001 9:25:26 PM
From: dd	Respond to of 14451

>>>>>there's talk on Yahoo that they may have a buyer and are making moves to prepare the company for sale<<<<< James- You are reading too much into the B/S on the Yahoo board. There is no proof at all that they are doing the above. We can only hope that they are, and frankly it is only a slim hope.