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

To: Jim Davison who wrote (5064)	7/23/1998 7:24:00 PM
From: Don Green	Read Replies (1) \| Respond to of 14451

Earnings report not good, but things seem to be turning around. I figure SGI's CEO has one more quarter before Wall Street demands his head..If he can post a profit even a slight one, before year-end there is hope..Otherwise sub-10 pricing is distined. From latest WSJ: Silicon Graphics Plans 45% Price Cut on Onyx2 Silicon Graphics Inc., Mountain View, Calif., announced it will cut the price of its entry-level visualization product, the Onyx2 Reality, by 45%. The company also announced it will reduce prices on its Octane power workstation line, a move that the company says could save Unix users as much as 36%. The price reductions are a reflection of streamlined operations and new upgraded systems, the company said. Separately, the company announced the formation of a new initiative to promote the use of virtual-reality technology. The so-called Silicon Graphics Virtual Reality Initiative is comprised of an international experts group, which will address technical and theoretical issues, a partner-funding program to provide technical and marketing support and educational programs. The group will meet three times a year, next in November.