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

To: Ms. Baby Boomer who wrote (9439)	11/1/2001 2:34:04 PM
From: Thomas A Watson	Read Replies (2) \| Respond to of 14451

Silicon Graphics says may raise outlook SAN FRANCISCO, Nov 1 (Reuters) - Network computer maker Silicon Graphics Inc.(NYSE:SGI - news) may be on the verge of raising its outlook after a string of recent deals, its chief executive said on Thursday. In an interview on CNBC, Chairman and Chief Executive Officer Bob Bishop outlined recent deals with software leader Microsoft Corp.(NasdaqNM:MSFT - news) and Japan's NEC Corp.. ``We've actually put on the table two transactions that would justify a much higher valuation than we are seeing in the markets,'' he said. Asked if Silicon Graphics, which has struggled to restructure, were ready to provide better guidance, Bishop said, ``Yes, I think we are.'' Analysts polled by Thomson Financial/First Call on average expect a loss of 17 cents per share in the December-ending fiscal second quarter. Silicon Graphics said on Monday that it had won a research deal with the U.S. Air Force Space Warfare Center. Last week it announced that NEC companies were acquiring a 60 percent stake of its Japanese distributor for about $96 million and first-quarter results that were boosted by a cross-patent license agreement with Microsoft. Silicon Graphics shares jumped 160 percent last week and were up 41 cents to $2.15 on Thursday on the New York Stock Exchange. biz.yahoo.com tom watson tosiwmee