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

To: Larry Brew who wrote (5681)	1/29/1999 4:12:00 PM
From: djane	Respond to of 14451

BancBoston Robertson Stephens Upgrades Silicon Graphics to a Buy Rating biz.yahoo.com Friday January 29, 2:19 pm Eastern Time Company Press Release SOURCE: BancBoston Robertson Stephens SAN FRANCISCO, Jan. 29 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens semiconductor devices/computer systems/storage analyst Daniel T. Niles today upgraded Silicon Graphics (NYSE: SGI - news) to a Buy rating from Long-Term Attractive. Silicon Graphics designs and develops microprocessors, operating systems and software used in its computer systems. ''Having raised Silicon Graphics to Long-Term Attractive last week, we now are upgrading the stock to Buy with a price target of $25 based on the confidence we gained at the company's analyst meeting yesterday,'' said Niles. ''We find the company has great potential for expansion in the mainstream market with its new NT visual workstations and its plans to expand its server into the commercial markets.'' ''We believe Silicon Graphics can: 1. expand its presence from technical computing to mainstream commercial markets, 2. bring advanced 2D/3D visual graphics technology to the growing NT workstation market, 3. accept NT and Linux user communities and adopt NT/Linux strategies, 4. improve financial and operational management with tremendous progress in expense reduction, and 5. unlock the hidden value of its businesses and intellectual properties,'' said Niles. Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in ''Investment Risks.'' BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE: BancBoston Robertson Stephens More Quotes and News: Silicon Graphics Inc (NYSE:SGI - news) Related News Categories: banking, computer hardware, computers Help Copyright © 1999 PRNewswire. All rights reserved.