SGI announced today that it has been advised by the New York Stock Exchange (NYSE) that its common stock -- ticker symbol SGI -- and its 6.5% Senior Secured Convertible Notes due June 1, 2009 -- ticker symbol SGI 09 -- will no longer be traded on the NYSE beginning with the opening of business on Monday, November 7, 2005. The Company expects its common stock will be quoted on the OTC Bulletin Board.

DOW!

I made some non-insignificant money on this stock three years ago tracking it from 0.95$ to around 3.00$ as they started to sell assets. But I'm glad I left it then, because it has continued to slump downward. The bonds have been at pennies on the dollar for years because there is little hope they will be repaid.

It is a pity. Hopefully, Google will survive the Silicon Vally Campus-building Curse by just using SGI's.

SGI Securities to Cease NYSE Trading: Financial News - Yahoo! Finance