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..."