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EIGHT INTERNATIONAL COMPANIES ENDORSE SILICON GRAPHICS' CORPORATE STRATEGY BY PARTICIPATING IN COMMON STOCK OFFERING

 EIGHT INTERNATIONAL COMPANIES ENDORSE SILICON GRAPHICS'
 CORPORATE STRATEGY BY PARTICIPATING IN COMMON STOCK OFFERING
 MOUNTAIN VIEW, Calif., June 8 /PRNewswire/ -- Silicon Graphics Inc. (NYSE: SGI) announced today that eight leading international corporations have stated their intention to purchase a total of approximately 1.5 million shares of Silicon Graphics' common stock.
 The eight companies are Control Data Corp., Integrated Device Technology Inc., NEC Corp., Sumisho Electronics Co. Ltd., Sumitomo Corp., Tandem Computers Inc., Tata Enterprises Overseas, and Toshiba America Electronic Components Inc. The announcement coincides with Silicon Graphics' plan to issue additional common stock in connection with the merger of Silicon Graphics and MIPS Computer Systems Inc.
 "The intention of these eight companies to invest in Silicon Graphics is a firm vote of confidence in the openness of the MIPS RISC architecture, and it is an important endorsement of the Silicon Graphics/MIPS merger," said Edward R. McCracken, president and CEO of Silicon Graphics. "The support of these companies is a solid indication that Silicon Graphics' vision and long-term strategy are supported worldwide by leading companies."
 In May 1992 Silicon Graphics filed a registration statement with the Securities and Exchange Commission covering the sale of up to 5.1 million shares of common stock. The shares being made available to the eight companies are covered by the May 1992 filing. Closing of the stock sales is expected to occur simultaneously with the closing of the merger.
 Silicon Graphics Inc. is the leading manufacturer of visual computing systems. The company delivers three-dimensional graphics, color, audio, video and real-time technologies to the technical, scientific and creative computing marketplace. Silicon Graphics Inc. has offices worldwide and headquarters in Mountain View. The company's common stock trades on the New York Stock Exchange under the symbol SGI.
 -0- 6/8/92
 NOTE: Silicon Graphics and the Silicon Graphics logo are registered trademarks of Silicon Graphics Inc.
 CONTACT: Marilyn Lattin, 415-390-5070; or Renee Wildman, 415-390-1026, both of Silicon Graphics/
 (SGI) CO: Silicon Graphics; MIPS Computer Systems Inc. ST: California IN: CPR SU: OFR


MC-MM -- SJ005 -- 8016 06/08/92 14:58 EDT
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Publication:PR Newswire
Date:Jun 8, 1992
Words:346
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