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

To: Nandu who wrote (5678)	1/29/1999 11:42:00 AM
From: djane	Respond to of 14451

Bob Pisani on CNBC just reported that Bank Boston Robertson Stephens upgraded SGI today (no details). Said SGI stock up 54% in 1/99.

To: Nandu who wrote (5678)	1/29/1999 11:44:00 AM
From: djane	Respond to of 14451

RESEARCH ALERT - Merrill ups SGI EPS/target (via the SGI yahoo board) by: run2daylight (M/Wisconsin) 13009 of 13010 Friday January 29, 10:54 am Eastern Time RESEARCH ALERT - Merrill ups SGI EPS/target NEW YORK, Jan 29 (Reuters) - Merrill Lynch computer systems analyst Steve Milunovich said Friday he boosted his target price on Silicon Graphics Inc. stock to $23 from $18 and raised his earnings estimate for the company's fiscal year ending in June 2000. -- Milunovich said he was raising his earnings estimate to $0.80 per share from $0.60 after SGI management told analysts that revenue should grow more than 20 percent while it drops its share count aggressively. -- ''We view the likelihood of near-term success as good and the stock as a trade,'' the Merrill analyst wrote in a research note. -- Among the highlights at SGI's meeting with Wall Street analysts were plans to offer multi-processor servers using popular Windows NT and Linux operating systems, just as it has introduced NT workstations. SGI is targeting a market in 2000 it believes is worth $74 billion, the analyst said. -- The company also moved to reassure users of its proprietary MIPS microprocessor-based Origin server systems by extending the product development roadmap for MIPS-based servers out through 2002, Milunovich said. -- In a statement released late Thursday, SGI described its dual strategy for expanding its use of high-volume Intel processors and industry standard components, as well as its traditional reliance on MIPS microprocessors. -- SGI also said it remained committed to making IRIX, its 64-bit UNIX-based software system, the premier operating system for high-end server systems. IRIX is used in compute-intensive scientific research projects. SGI declined to provide timing or specific details on future products, the statement said. -- Specifically, the company said it planned to extend its MIPS microprocessor line to deliver processor speeds of 600 and 800 megahertz, with a schedule for a faster microprocessor every six to nine months. -- ''Our customers have told us they want standards-based systems. This means they want Windows NT, UNIX and Linux,'' John Vrolyk, senior vice president, Computer Systems Business Unit, said in the statement. Posted: Jan 29 1999 11:31AM EST as a reply to: Msg 13001 by Zebby1999 Related Links Quote Profile Research Insider Go to: Start \| Most Recent \| Msg #: All Boards & Topics Authors Terms and Conditions Yahoo! is a trademark of Yahoo! Inc. Copyright © 1994-99 Yahoo! All Rights Reserved.