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

To: Don Green who wrote (13797)	8/25/2005 10:11:33 PM
From: Wes	Read Replies (1) \| Respond to of 14451

Well, let's let SGI explain it...OK?* Here is the pertinent excerpt from the 7/28/05 PR about 4th quarter & 2005 results.** SGI has retained the turnaround firm of Alix Partners LLC to advise it in further reducing expenses, increasing revenue and improving liquidity. SGI expects to announce significant restructuring actions later this quarter, and is actively pursuing financing alternatives, including amending or replacing its asset-based credit facility to increase borrowing availability. As previously disclosed, SGI did not meet its EBITDA covenant for the fourth quarter under its asset-based credit agreement. Covenant waivers have been obtained on several prior occasions * Of course, a short answer is: SGI Needs The Money **Full Press Report: sgi.com