Although the shares took their time to react, the reaction in Silicon Graphics Inc’s share price on the news that it is to acquire MIPS Computer Systems Inc was an emphatic thumbs-down when it came – the share price plunged $4.75 to $21.875, reducing the value of the deal to $334m from the $406m at the time of the announcement; MIPS shares of course lost some of their early enthusiasm as the value of the deal fell and ended up $2.50 at $13.50, having been up as much as $3.125 immediately after the deal was announced; under the share exchange agreement, MIPS holders end up with about 23.5% of the enlarged company, which implies Kubota Corp will have just under 4%; Digital Equipment Corp gets 1.175% or so; Silicon Graphics says that it will have to take a substantial charge against its fiscal fourth quarter figures to June on the acquisition.