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

To: Jojo Mosko who wrote (5606)	1/20/1999 5:57:00 PM
From: Sultan	Read Replies (1) \| Respond to of 14451

In addition to selling lower-priced computers, Silicon Graphics has announced plans to gradually shed its nearly $1 billion stake in microprocessor subsidiary MIPS Technologies Inc. (Nasdaq:MIPS - news) Has any one reconciled SGI balance sheet with this number. I am just wondering how much of the above is already in SGI share price. Personally, I get the feeling that SGI numbers are understating the MIPS investment.

To: Jojo Mosko who wrote (5606)	1/21/1999 7:40:00 PM
From: brushwud	Respond to of 14451

Didn't pay for the toll call, but according to this morning's WSJ: Gomo said SGI remains on track to swing to profit by its fiscal fourth quarter, which ends June 30. While he said that profit probably won't reverse the losses of the previous several quarters, he said it should reverse a "small" expected loss in the fiscal third period. Sounds like F97: three Q's of losses and one Q of aberration. > Belluzzo has said that he expects a small loss in Q2 (the one > just announced) but an overall profit for the fiscal year. > Looks like accurately delivering on expectations that were > set before, actually a little bit of over-delivering. Great to see another engineer employee bull. Long-term shareholders await the completion of the 12-^H^H^H 18-^H^H^H 24-month turnaround. I never thought I'd see the day^H^H^H year^H^H^H^H millennium when the U. S. government had more surplus than SGI.