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                SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.

Litigation Release No. 14767 / December 28, 1995

SEC v. JOSEPH J. EVANS, DAVID B. EVANS, GIL M. BREAKMAN and
STEPHEN A. SOLOMON, Civil Action No. 95-8763 RSWL (BQRx) (C.D.
CAL, December 27, 1995)

     The Securities and Exchange Commission filed an action on
December 27, 1995 against four defendants alleging that they
committed insider trading by purchasing the securities of Alias
Research, Inc. and/or Wavefront Technologies, Inc., or by tipping
others so that they could purchase those securities, shortly
before the February 7, 1995 announcement of a proposed
acquisition by Silicon Graphics, Inc. of Alias Research, Inc. and
Wavefront Technologies, Inc.  All defendants have consented to
settle the action by agreeing to the entry of permanent
injunctions and paying a total of $123,715.93 in disgorgement and
penalties.

     The Complaint alleges that Joseph Evans, who was the senior
corporate accountant at Wavefront and who assisted Silicon
Graphics with due diligence in preparation for the three-way
merger, tipped his brother, David Evans, and his friend, Gil
Breakman.  Following the tip, David Evans purchased Alias call
options and agreed to share his profits with Joseph Evans, and
Gil Breakman purchased Wavefront common stock.  The Complaint
also alleges that Gil Breakman then tipped Stephen Solomon, who
purchased both Alias call options and Wavefront common stock for
his account and for his daughter's account, and that Stephen
Solomon caused a friend of his to purchase Alias call options and
Wavefront common stock.  The Complaint alleges that the four
defendants and Solomon's friend who purchased Alias and Wavefront
securities realized profits totalling $38,560.75.

     The Commission's suit, filed in the United States District
Court for the Central District of California, alleges that the
defendants violated Section 10(b) of the Securities Exchange Act
of 1934 and Rule 10b-5 thereunder.  Simultaneously with the
commencement of the action, the defendants consented, without
admitting or denying the allegations of the Complaint, to the
entry of final judgments permanently enjoining them from
violating Section 10(b) and Rule 10b-5.  Joseph Evans agreed to
pay a $20,000 civil penalty; David Evans agreed to pay
$29,211.84, representing disgorgement of $14,100, prejudgment