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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT: NOVEMBER 17, 1997
(Date of earliest event reported)
SILICON GRAPHICS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-10441 94-2789662
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.
2011 N. SHORELINE BOULEVARD, MOUNTAIN VIEW, CALIFORNIA 94043-1389
(Address of principal executive officers) (Zip Code)
(415) 960-1980
(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On November 17, 1997, Silicon Graphics, Inc. issued a press release regarding
the company's stock repurchase program, a copy of which is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 Press release of Silicon Graphics, Inc. dated November 17, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized on the date indicated.
Dated: November 17, 1997
SILICON GRAPHICS, INC.
(Registrant)
By: /s/ William M. Kelly
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William M. Kelly
Senior Vice President,
Corporation Operations
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Contact: Marilyn Lattin (415) 933-5070
Director, Investor Relations
Media: John Thompson (415) 933-8515
Manager, Public Relations
SILICON GRAPHICS EXTENDS STOCK REPURCHASE PROGRAM
SHARE PURCHASES TO RESUME THIS MONTH
MOUNTAIN VIEW, CA (November 17, 1997) -- Silicon Graphics, Inc. (NYSE:SGI)
announced that its board of directors has extended the stock repurchase plan
originally announced in October 1995. The company originally planned to
purchase 7 million shares under the plan through June 1998. The modified plan
permits the purchase of up to 12.5 million shares. The Company had purchased
approximately 2.5 million shares under the plan before suspending repurchases
in connection with its 1996 merger with Cray Research Inc. The remaining
shares of approximately 10 million may be purchased in the open market or in
private or option transactions through June 1999. Purchases under the plan
will resume this month.
The repurchased shares will be available for use under the Company's employee
stock plans and for other corporate purposes. The Company plans to use
existing cash to finance the repurchases. The Company had cash, cash
equivalents and marketable investments of $657 million at September 30, 1997.
Silicon Graphics, Inc. is the leading manufacturer of interactive
high-performance computing systems. Silicon Graphics has offices worldwide
and headquarters in Mountain View, California.
