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


To: Don Green who wrote (10437)9/18/2002 4:37:33 PM
From: Ms. Baby Boomer  Read Replies (2) | Respond to of 14451
 
Lucent's now 4 cents cheaper than SGI...triple witch this wk btw...

SEC needs to do something w/unregulated Hedgies playing our Markets Don...as the Banks, Mutuals, etc. have to play by the Rules...

What's Up with Big Blue...down $5.00+, any NewZ????



To: Don Green who wrote (10437)9/18/2002 5:34:46 PM
From: Don Green  Read Replies (1) | Respond to of 14451
 
I wonder which comes first "Pink Sheets" or more "Pink Slips"?
(SGI closed at $.98)

This is actually about Lucent, but is equally relevant to SGI.

If the stock closes below $1 for 30 straight days, the New York Stock Exchange could seek to delist the company, under the Big Board's rules For now, such an outcome seems improbable. Even in a worst-case scenario, Lucent could take steps to raise its stock price, including a so-called reverse stock split.

In a reverse split, companies exchange one share for several shares. For example, if Lucent issued one share for every three shares outstanding, it would theoretically raise the stock price to nearly $3.

cbs.marketwatch.com