It is my belief that the recent 25% sell-off in shares of Silicon Graphics (NASDAQ:SGI) is extremely overdone and that the weakness presents investors with a compelling opportunity to buy in on what continues to be an interesting turnaround story.
SGI develops and sells low cost, mid-range, and high-end computing servers and data storage solutions, as well as a differentiated suite of software. In addition, the company sells datacenter infrastructure products that are custom-tailored for large scale data-center deployments. These products have manifold applications, including global climate change simulation, real-time fraud detection, data-mining, as well as streaming media from internet-video to film.
During the 8/8 session, following its recent earnings report in which it missed sell-side expectations...
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