Silicon Graphics files for $100 mln stock shelf
WASHINGTON, Nov 1 (Reuters) - Silicon Graphics Inc (SGIC.O: Quote, Profile, Research, Stock Buzz) filed with regulators on Thursday to periodically sell up to $100 million in common stock.
The company said in a registration statement with the U.S. Securities and Exchange Commission that it would use the proceeds from the offering for sales and marketing, research and development, and general corporate purposes.
Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
(Reporting by Karey Wutkowski)
© Thomson Reuters 2008 All rights reserved
Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.
Have a correction to this article? Email the editors
Sphere
Daring chimp
Dolly's damage