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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)

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"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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