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The Register: SGI Closes Painful 2005 with a Thud

Jul 29, 2005, 19:45 (0 Talkback[s])
(Other stories by Ashlee Vance)

"SGI warned that fourth quarter revenue would come in well below expectations and today revealed the accuracy of this forecast.

"The hardware maker posted revenue of $172m [€141.9m]. Earlier this month, it told investors to expect revenue between $170m and $175m [€140.2m and €144.3m]--a range well down from an earlier forecast of revenue up to $200m [€164.9m]. SGI has initiated a major restructuring plan and looks to announce the details of its scheme sometime during the current quarter..."

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