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SGI finalizes plans for MIPS spin-off

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DQI Bureau
New Update

SGI, the troubled maker of the computer workstations, will complete the

spin-off to shareholders of its 65% interest in MIPS Technologies. Shareholders

will receive 0.135 MIPS share for each Silicon Graphics share on June 20.

SGI, based in Mountain View, California, has focussed on computers for

scientific applications as its rivals such as Hewlett-Packard invaded the market

for high-powered machines used in animation and graphic design. The company has

sold some units, and is betting hat new product introductions will boost

revenues.

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