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


To: Mike Denman who wrote (5158)9/25/1998 8:59:00 AM
From: dd  Read Replies (1) | Respond to of 14451
 
*****I am just getting tired of watching this stock drop and drop little by little like dripping
water. *****

I guess we all are Mike. Evidently this company was in much much worse shape than most of us realized and it is going to take longer to turn it around. I intend to give it another year, but I sure hope that it doesn't take that long. Quoting someone else, I believe that they said that RR stated we were half way through a 5 to 6 quarter turnaround period. Personally I hope that it can be turned around and not go under. I don't want to take a bath like that.

dd



To: Mike Denman who wrote (5158)9/25/1998 3:51:00 PM
From: Eli Lauris  Read Replies (1) | Respond to of 14451
 
Mike,

Why don't you take at truth value what Rick himself had said just recently: "We are about half-way through a 5-6 quarter turnaround". Translation: We are still 2-3 quarters (i.e. 6-9 months) away from profitability. Since Wall Street normally has a one quarter horizon, don't expect the stock to start going up until Jan '99 at the earliest and possibly not until Apr '99. If you're not comfortable with that timetable, you probably should take a loss and switch your money to some other stock.