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    What's wrong with SGI?

    Computer maker SGI has yet to file its annual report with the SEC. Its excuse: The company is "continuing to work with its independent auditors, KPMG, to help them complete their audit procedures." That's a bit like telling your 3rd-grade teacher that your homework is late because you're still working on it. The company recently laid off 7 percent of its workforce, and SGI CEO Bo Ewald also got a $150,000 bonus that, under the terms of the company's bonus plan, was undeserved.


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