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SILICON GRAPHICS CONCLUDES PRIVATE CONVERTIBLE DEBT FINANCING

 MOUNTAIN VIEW, Calif., Nov. 2 /PRNewswire/ -- Silicon Graphics Inc. (NYSE: SGI) announced that it has concluded a private placement of $455 million aggregate principal amount at maturity of zero coupon convertible subordinated debentures due 2013. The proceeds to the company are approximately $195 million, and the debentures will be convertible into approximately 3,701,200 shares of the company's common stock.
 The debentures were issued at an original price of $439.77 per $1,000 principal amount at maturity, which represents an original issue discount of 56.023 percent. The issue price represents a yield to maturity of 4.15 percent per annum (computed on a semi-annual bond equivalent basis). The initial conversion rate is 8.1345 shares of common stock per $1000 principal amount at maturity, for an initial effective conversion price of $54.06 per share.
 The proceeds are being used to fund working capital and for other corporate purposes.
 Silicon Graphics Inc. is the leading manufacturer of visual computing systems. The company delivers interactive three-dimensional graphics, digital media and multiprocessing technologies to technical, scientific and creative professionals. Its subsidiary, MIPS Technologies Inc., designs and licenses the industry's leading RISC processor technology for the computer systems and embedded control markets. Silicon Graphics has offices worldwide and headquarters in Mountain View.
 -0- 11/2/93
 /CONTACT: (investors) Marilyn Lattin, director of Investor Relations at Silicon Graphics, 415-390-5070; (press) Jill Grossman, manager of Public Relations at Silicon Graphics, 415-390-1516/
 (SGI)


CO: Silicon Graphics ST: California IN: CPR SU: JVN

PK -- SJ006 -- 9738 11/02/93 14:57 EST
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Publication:PR Newswire
Date:Nov 2, 1993
Words:258
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