As I said, there were buyers for the convert and the stock has recovered, so investors have a different view of Cray's future prospects than you do.
What's your view on SGI?
Sure, I agree, if by "recovered", you mean back to the -$6.00 (-60%) the stock is down this year. I guess that could be viewed as "recovered". Also, maybe those buyers have lots of reasons to buy, besides the Faith In Cray, that you seem to be suggesting. Even if that's true, it doesn't mean they (or you) are right, and it certainly doesn't mean it's a good thing, or even an OK thing, IMO, for Cray to need to burrow 60 million dollars, when the ROI for the company has consistantly been negative for years.
As for SGI, as far as I can tell, they seem to be doing better with their Itanium offerings, then Cray is doing with Opteron. Maybe SGI just has better server designers then Cray?
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