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

To: Ms. Baby Boomer who wrote (9915)	4/23/2002 10:27:34 AM
From: Ms. Baby Boomer	Read Replies (1) \| Respond to of 14451

SGI turns profit due to tax refund, defense customers Monday April 22, 8:23 pm Eastern Time Reuters Business (adds details, outlook, stock price, previously MOUNTAIN VIEW, Calif.) SAN FRANCISCO, April 22 (Reuters) - Silicon Graphics Inc.(NYSE:SGI - news) announced on Monday a fiscal third-quarter net profit boosted by a big tax benefit but hurt by slower than expected sales to non-defense clients that it said were still cautious about technology spending. The Mountain View, California-based company, also called SGI, posted a net profit of $10.3 million, or 5 cents per diluted share in the quarter ended March 29, compared with a loss of $141.1 million, or 74 cents per share, in the year-ago quarter. Excluding a $32 million tax refund and some restructuring charges, SGI had a pro forma loss of $9.8 million, or 5 cents per share, compared with forecasts of a loss of one or two cents per share by the three analysts polled by Thomson Financial/First Call. Sales fell to $313.6 million from $509.7 million in the year-ago quarter, partially reflecting downsizing at the company which has narrowed its focus to computers that visualize big sets of data, from Hollywood films to medical devices and fighter pilot design and pilot training. Chief Executive Bob Bishop in a telephone interview pointed to the 42.5 percent gross profit margin, which ticked above SGI's own expectation of 40-42 percent and positive cash flow as proving SGI had made it through painful downsizing. ``We are very clear and lined up on what we are doing and our customers respect us for that,'' he said. Defense and government business had been steady, but the economic downturn had kept commercial sector, or private economy, clients on the sidelines, leading SGI to miss its own revenue target of $330 million to $350 million, set three months ago. ``As we approached the end of the quarter we did not quite see the end-of-quarter business that we anticipated to see in the private economy,'' he said. SGI was poised to win business from big computer makers like Sun Microsystems Inc.(NasdaqNM:SUNW - news) and Compaq Computer Corp.(NYSE:CPQ - news) ``They are just amateurs when it comes to visualization,'' he said. But Chief Financial Officer Jeff Zellmer's fourth quarter forecast was below Wall Street hopes. In the same interview, he predicted fourth-quarter sales would be in a range of $310 million to $330 million, gross margin would be around 40-42 percent and the operating loss would be in the ``low teens or so'' millions. Analysts had expected SGI to break even or show a slight profit by the fourth quarter. Shares of SGI fell before results were announced, dropping 6.4 percent to $3.51 on the New York Stock Exchange. The shares crested $4.60 in April, rising from a low of 32 cents Sept. 20. biz.yahoo.com

To: Ms. Baby Boomer who wrote (9915)	4/25/2002 3:10:40 PM
From: Jane Hafker	Read Replies (1) \| Respond to of 14451

Cisco. Sore, sore subject. Cisco at $54. and finally had to sell it at $l8, or barf myself to death. Hate Cisco. Razf, a dog, could be, but I was watching it back in the day when it was at about 17, I think. They have some product Kernan was talking about then. Alive and well after all that is worth watching, I think, so I do, very closely now on the next two month activity. BTOP, I guess it is, not BIGT. Sounds like a circus to me. But it is wireless, and posts really good growth of new customers. That's what I mean. Strange story, and I really want to call them and check it out. I'm a financial autisstic case, but apparently they got some reprieve or some hope or some money last week or so, which caused the huge spike, and death plunge after that always expected. Now I watch very, veyr, very carefully to see which way it ticks. Just a strange one, so up ($80) and then sooooooo down. check their web site. Wi-FI is about the hottest thing coming up, according to the Sound View guru. BIGT leases wi--fi space, or somehting. Just babbling, and won't do this everyday until the earnings plunges all settle. Look, it is another LOR. If it comes back to complete life, well worth a little trouble tracking it. A;lso WTT in wireless--govn contracts and perhaps contacts.