UPDATE: Sterne Agee Downgrades Silicon Graphics

27% profit every 20 days?

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According to a research report published this morning, Sterne Agee has downgraded Silicon Graphics International (NASDAQ: SGI) from Buy to Neutral. In the report, Sterne Agee commented, "We are moving to the sidelines on SGI as the turnaround on the GM front is now a 9-12 month endeavor, far longer than we had anticipated. We do understand that there is a strong valuation case for the stock in the $8-9 level but don't see any immediate catalysts as management works through these lower GM deals and has turned the stock into a classic 2H story."Silicon Graphics closed yesterday at $9.09.

27% profit every 20 days?

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