Silicon Graphics (SGI) was down 43.6% in midafternoon after hitting a new low of 69 cents. The maker of graphics workstations said it is reviewing its plans for fiscal 2002 after bookings slowed in the fourth quarter. Silicon Graphics also said its president and CFO, Hal Covert, resigned after a year on the job for personal reasons. Salomon Smith Barney downgraded the stock to underperform from neutral and cut its price target to $1 from $4. It also widened its loss estimates for the company

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