Silicon Graphics, Inc.
SGIC is a buy @ 0.28
Enterprise data centre Server and storage specialist Rackable Systems has announced that it has signed an agreement with Silicon Graphics Incorporated to buy the company for around US$25 (AU$35) million in cash. [ link ]
Rackable says that by combining its expertise with SGIs, it will be in a position to provide customers with market leading hardware and software technology within large-scale x86 cluster computing, HPC, Internet, Cloud Computing, large-scale data storage environments and visualisation platforms across many verticals and geographies. This combination is also expected to result in a stronger global services organisation; reaching commercial, government and scientific sectors on a worldwide basis.
Offer: $25 Million / 11.65 Million shares = $2.14 / per share value. I do not believe it will reach $2, however a one dollar and slightly plus is achievable.
[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]
A young and savvy, yet experienced and accomplished investments mogul since ‘01; Michael has amassed a fortune as a private self investor. Recently starting his own successful blog and turning it in to a corporation — MIV Investments Inc., a company offering advice to thousands of people worldwide and attracting contracts from various reputable sources. His articles and publications have been linked to Forbes, CNN Money, Reuters, Bloomberg, and many other top worldwide mainstream media sources.
Michael Vlaicu
In a filing with the U.S. Securities and Exchange Commission, Silicon Graphics said it expects to pay off secured creditors with net proceeds from the sale.
http://uk.reuters.com/article/rbssTechMediaTelecomNews/idUKBNG3907820090401
The buyout does not ensure equity holders will receive even a penny. Creditors have first dibs on any money SGIC recovers…
I pray the best for these two companies. I just looked at Silicon Graphics standings in the stock market, today, and they are doing pretty well, thus far.
@ Piotr, you are correct….however remember the general fundamentals of daytrading — Buy on speculation, sell on news.
@ Cash, indeed me and you both, Silicon has always been a great company and would hate it to see it go to ruins.