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SGID Silicon Graphics Moves Date for Annual Stockholders' Meeting
Stockholders to Consider Reverse Stock Split in Early 2006
MOUNTAIN VIEW, Calif., Nov 29, 2005 /PRNewswire-FirstCall via COMTEX/ -- Silicon Graphics (OTC Bulletin Board: SGID), announced today it intends to postpone its annual meeting of stockholders until early 2006 in order to include an additional proposal for stockholders to approve an amendment to the Company's Restated Certificate of Incorporation which will effect a reverse stock split of the common stock of the Company. The Company is currently considering a reverse stock split at ratios in the range of 1-for-10 to 1-for-20. The Company believes that a reverse stock split will improve the trading characteristics of its common stock as well as facilitate efforts by the Company to seek additional investment or strategic alternatives with the goal of preserving and creating value for the benefit of stockholders and creditors.
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