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Silicon Graphics: Revs Grow; New Chairman; Needs Capital

in News on August 29, 2008 at 1:33 pm PT

Silicon Graphics (SGIC) shares are up sharply on thin trading this morning after the company posted results last night for its fiscal fourth quarter ended June 27. The company also named Anthony Grillo, the CEO of American Securities Advisors, as chairman; he replaces Kevin Katari, of Watershed Asset Management, who resigned from the board.