NB > Just a pre-earnings phenomenon?
Earnings? LOL!
Silicon Graphics loss narrows, revenue light
Monday October 21, 4:21 pm ET
MOUNTAIN VIEW, Calif., Oct 21 (Reuters) - Computer maker Silicon Graphics Inc.(NYSE:SGI - News) on Monday posted a narrower quarterly loss on unexpectedly weak revenue, as the company, which sharply downsized last year, defended its high-end niche in the midst of the technology downturn.
Mountain View, California-based SGI, whose machines have been used to design fighter jets and create special effects for "The Lord of the Rings," reported a net loss of $41.1 million, or 21 cents per share, in its fiscal first quarter, ended Sept. 27, compared with a loss of $69.3 million, or 36 cents per share, a year earlier.
Revenue was $241.7 million, down from $379.4 million a year earlier and below the forecasts of two analysts polled by Thomson First Call, who had seen revenue of $265 million or $255 million.
After an ambitious but failed expansion, the company has focused on high-end graphics computers, but it faces competition from clusters of cheaper low-end machines running the free Linux operating system |
