Southpaw's stake in Silicon Graphics dips below 5%

By Lisa Kerner

Charlotte, N.C., April 11 - Investors led by Southpaw Asset Management LP sold 38,251 shares of Silicon Graphics, Inc. stock between March 3 and March 13, according to a schedule 13D filing with the Securities and Exchange Commission.

The shares were priced from $14.14 to $15.34 each, the filing said.

The investors beneficially own 475,083 shares, or 4.2%, of the Sunnyvale, Calif., manufacturer of scalable servers and storage items.

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