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

To: Don Green who wrote (11961)	2/18/2004 12:25:09 PM
From: MJ	Read Replies (1) \| Respond to of 14451

Not clear that other sources were tapped out. How about the possibility that those doing the private placement believe that SGI will be a going concern. Watson mentions the sales portion------a lot of those existing contracts can be lead into future contracts with little marketing. Future contracts will occurr if the current contracts prove sucessful imo. mj

To: Don Green who wrote (11961)	2/18/2004 12:47:57 PM
From: Ms. Baby Boomer	Read Replies (1) \| Respond to of 14451

That's a rather naive statement Donald... For example, the Feb. 2000 TERA aka CRAY PP was even a larger discount to the Market than SGI... Transaction: Completed a private placement of common stock. The private placement consists of approximately 5.2 million shares of common stock, priced at $5.00 per share, which was based on a discount to the January 27th closing bid market price of $6.375. The stock was placed with a group of institutional investors; no warrants or options were issued in conjunction with the transaction....