Silicon Graphics files for $100 mln stock shelf

Silicon Graphics News
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WASHINGTON, Nov 1 (Reuters) – Silicon Graphics Inc (SGIC.O: Quote, Profile, Research) 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.

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