[rescue] SGI: Corporate Status

kevin marshall kevin at mpcf.com
Wed Feb 22 13:10:33 CST 2006

Well, we all new this was coming and it may be common knowledge
by know to most here, but i just found out about this delisting
today. Another sad day to add to the list (along with the recent
Alpha demise).


In November 2005, SGI announced that they had been delisted from
the New York Stock Exchange because their common stock had fallen
below the minimum share price for listing on the exchange. SGI's
market capitalization has dwindled from a peak of over four
billion dollars in 1989 to just $120 million at the time of their
delisting. In February 2006, the company announced that it may
run out of cash by the end of the year, forcing a sale of the
company or even bankruptcy.


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