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News Breaks
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December 23, 2011
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| 06:23 EDT |  | SGI |
| theflyonthewall.com: | Wasatch reports 6.6% stake in Silicon Graphics, will speak to management | | Wasatch Advisors said it believes the uncertainty surrounding a successor to lead the company has contributed to the shares’ undervaluation and underperformance. Wasatch believes there are certain steps the board should take to stabilize the company’s long-term value and intends to present their views and concerns to the company’s current management team. Wasatch added that should the discount in shares persist, it believes Silicon Graphics' board will be required to consider strategic alternatives in addition to searching for a replacement CEO. Wasatch thinks considering strategic alternatives could result in a premium price to shareholders over recent trading value. :theflyonthewall.com |
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