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


To: Nandu who wrote (3327)10/30/1997 1:53:00 AM
From: GR  Respond to of 14451
 
REALITY CHECK! imho after a massive layoff annoncement such as sgi made you can rest assured the street sees this as very positive.Also getting rid of a directionless ceo is also very,very bullish for the stock tomorrow.the only factor affecting a large 2-4 pt pop of this stock tomorrow is that the sp futures is indicating an at least a 100 point dow drop at the open.these asian markets and their impact here are being blown way out of proportion.however the trend is unfortunatly our non friend in this case.i predict an up day in spite of the makets problems.this conclusion is also supported technically.
do not rule out a buyout also.maximizing shareholder value is crucial.if you can't beat your competitors,sell to them.cutting sga expenses is crucial to sprucing the company up for a buyout.i hope soon!