Replies to post #21 on Silicon Graphics (fka SGICQ)

[Caddy Man]

It is expected that the net proceeds of the transaction will be distributed for the benefit of the secured creditors of SGI, and that SGI stockholders will not receive any proceeds in respect of the sale.

[halpern6]

hard to say, maybe peeps just sold the news after toying with .50...Either way, it appeared oversold, and now the speculation is Rackable will most likely pay a higher price than the current pps for SGIC. Seems a bit too hot to chase today.IMO.