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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 91.23

+2.5%

Nov 7 9:30 AM EST

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To: Wes who wrote (14133)	10/25/2005 10:13:10 PM
From: Don Green	of 14451

Silicon Graphics quarterly net loss widens Tue Oct 25, 2005 04:30 PM ET PHILADELPHIA, Oct 25 (Reuters) - Computer maker Silicon Graphics Inc. (SGI.N: Quote, Profile, Research) on Tuesday reported a wider net loss for its fiscal first quarter, after unveiling a restructuring plan last month that will cut jobs and potentially save the struggling company up to $100 million a year. Silicon Graphics reported a quarterly net loss of $32 million, or 12 cents per share, compared with a loss of $28 million, or 11 cents per share, a year earlier. Its revenue dipped to $170 million from $175 million, but its gross margin rose to 37.8 percent from 35.9 percent. The company delayed filing its annual financial report with the U.S. Securities and Exchange Commission in September to evaluate its ability to obtain new financing and continue operating. It said on Tuesday that it has secured a new credit facility of up to $100 million to replace an earlier $50 million facility.

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