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

To: Benjamin Y. Lee who wrote (3600)	11/18/1997 12:36:00 PM
From: Mathon Dabasir	Read Replies (1) \| Respond to of 14451

Ben, whatever your system is. If it works for you -great-. Only you can be the judge of that. And 24% a year, 4 years running puts you way ahead of the pack. You say SGI is reasonably valued. And your justifications are well noted, especially in light of yesterday's share buyback announcement. Be warned tho, it's a -plan- not an actual buyback. As proven in the past, plans change. It would be far different if SGI just came out and bought 10 million shares here. The street knows this, which explains SGI's net zero stock movement on this news, with the DOW up 140. I guess if your goal is to own a major computer stock for cheap $$$ you could pick SGI. Yes, it's dirt cheap relative to other stocks in its group (IBM, DEC, CPQ, DG, HP, etc.). But here's the rub. All these guys have their houses in order, much more than SGI anyway, and are far safer plays for continued upside growth. Go with SGI and you're facing some serious resistance from everyone who bought recently at 17 thru 25 and are itching to unload this cat -dead or alive-. Maton p.s. Hold on to your tabby treats!