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

To: Mathon Dabasir who wrote (3679)	12/3/1997 12:13:00 PM
From: Alexis Cousein	Read Replies (1) \| Respond to of 14451

>Alexis: SGI class action suit. <imho> SGI gets its just desserts. >you just can't go out and tell the world you're going to make X >cents the coming quarter, then come in losing X cents. Ouch. Lots >of investors got whacked hard. Icluding me, but that doesn't mean I will support bloodsucking creatures that try to get more value drained off my shares for their profit. AFAIK, none of them complained last July when SGI handsomely beat estimates, and offered to hand back all the profits they could make from the jump in the share price, did they? Never read disclaimers on any of these claims any management makes about the future? If you'd been on this thread for some time, you'd have seen that the pattern of sales for SGI is such that it is hard to predict exactly what the sales of a quarter will be before it's really over. Yes, it's one of the historical SGI problems, and one I'm sure SGI is busy fixing. I think the management made predictions about sales, yes, and yes, they turned out to be wrong. You can blame them for that, you can think 'serves 'em right', but being wrong is not an offence. All managers have a black-out period in which they cannot trade, and the period in which they can trade is carefully selected so that any allegations of them having a clue as to the actual quarter results are, IMHO, bogus. If you check when the insider trades had actually happened, you'd have seen they were just after a record-breaking quarter had been announced. >Just my humble opinion. Your opinion, yes, but I doubt it's humble. Just my opinion ;).