Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jane Hafker who wrote (10019)	5/7/2002 4:24:22 PM
From: Don Green	Read Replies (1) \| Respond to of 14451

SGI Closed today at $2.51 -.24 -8.73% Vol. 1,154,600 Trades 434 Avg trade $2,660 Moneyflow -$1,329,796 Sum of price* volume $3,001,814.00 Jane> The up and down doesn't bother me "I just put in a sell at 4.75 when I just bought it at 4.35. I'm really not cut out for this game any more, just lost too damn much money I guess. Anyway, it will surely dip below 4.75 again if I don't change my mind. Looks like we're on a slow dribble down since it didn't break the 4.98 high. I have learned little, but at least I fear highs that get touched and then everyone runs away! That's how I ended up with almost nothing after 2 years of sitting and staring at even Cisco disappearing on me. This chart says 4.49 52 high, but I see 4.98 other places. Which is right?" Message 17194936 Jane> SGI...$3.50ish looks good, am thinking...thinking... $3 and change sure looked better but I didn't jump on it. Message 17338888

To: Jane Hafker who wrote (10019)	5/7/2002 5:12:42 PM
From: Maher Sid-Ahmed	Read Replies (1) \| Respond to of 14451

Jane the reason the stock is moving lower is mainly due to: 1. Extremely weak management team. Bishop cannot be trusted as a manger. Although, he has purchased 100,000 shares out of his own money to show confidence in the future of the company, he has not be able to deliver quarter sales as per his estimates. The 100,000 shares he bought convinced some investors that this was going to be a great quarter - it turned out to be a weak quarter. 2. Sales falling quarter to quarter. 3. Negative book value. There are however some positives: 1. New products with the possibility of increasing revenue. 2. Government contracts. 3. Alias/Wavefront which could be worth more than the market cap of SGI. 4. An impressive list of customers. 5. $200 million in cash and some real estate. The big question, can these guys deliver? So far no. They have pissed away all their real-estate and over $600 million in cash over a short period. They are now rebuilding their cash position and trying to maintain a break-even. They are still not out of the woodwork and may have a way to go to prove themselves, and hence ranked by most analysts except one as a hold. One analyst recommends it as a strong buy, but I would take this with a grain of salt. If they cannot improve sales they should sell the company. The company with Alias/Wavefront should be worth about $1 billion or ~$5 per share.