Silicon Graphics, Inc. (SGI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 91.87

+1.8%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ms. Baby Boomer who wrote (8010)	10/9/2000 5:12:47 PM
From: Don Green	of 14451

Maria> Gettin' a strange case of deja vue Silicon Graphics sees wider-than-expected Q1 loss Monday October 9, 5:04 pm Eastern Time Silicon Graphics sees wider-than-expected Q1 loss MOUNTAIN VIEW, Calif., Oct 9 (Reuters) - SGI Inc. (NYSE:SGI - news), a maker of computer workstations and supercomputers, warned on Monday that its fiscal first quarter financial results will fall short of expectations due largely to material shortages. The company said it expects to post a loss of 28-30 cents a share, including a gain of about $50 million from the sale of selected assets, for the quarter ended Sept. 30. Revenues were projected to total $420 million. Analysts on average expected the company to post a loss of 14 cents a share, according to First Call/Thomson Financial. In a statement, the company said that material shortages related to a few specific suppliers account for the revenue shortfall and that its order backlog of Sept. 30, 2000, is projected to be $370 million. For the second quarter of fiscal 2001, SGI said it expects revenue to be in the range of $500 million to $530 million.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next