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SGI Sets Sights On Turnaround

Posted by ryuzaki0 on from the must-turnaround dept.

grub wrote to us about an article about SGI, and its ongoing battles to turn its corporate fortunes around. The company's been doing interesting stuff for a long time - here's to hoping they stay around.

1 of 255 comments (clear)

  1. Love to hate SGI... by thanq · · Score: 3, Funny

    On September 13th I was looking at SGI's stock at $0.33 a share, and I was thinking about buying some of it.

    I thought that the company had good prospects, even though it was failing at customer service, shipping ordered products, selling short and losgin a lot of money on a number of their x86 intel-based workstations.

    They had built some amazing supercomputers for the national weather service, providing boxes for render farms for final fantasy, monster inc., and a bunch of other movie prodcutions (sorry, no time to look for links).

    It seemed that it was the 'market analysts' and some disrgruntled customers and amazingly a lot of fear of 'restructuring' the company, that brought the stock price so low.

    Somehow, I ended up not buying any. Now their stock is at around $2.14 a share.

    I will be kicking my ass till I die that I didn't buy those shares.

    It definately shows how much hype goes into inflating or deflating the stock prices and might not show the actual company value, performance, or ability to bring money to the stockholders.

    I believe that SGI will come out on top after all.