Feeds

SGI “disappointed” with Q3

Loss narrows, but revenue falls too

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

SGI -- the computer company formerly known as Silicon Graphics -- was yesterday forced to admit its recovery programme was not going as smoothly as planned when it posted "disappointing" Q3 results, dispite a marked reduction in the amount of money it lost. The company posted a loss of $40 million for the quarter, ended . That's nearly a quarter of the $153 million it lost in the same period last year. However, revenue for the third quarter was $619 million, compared with $708 million in the same quarter a year ago. "These shortfalls mask the progress that we are continuing to make in other areas of our business, including strong new products, improved quality and operational efficiency, and lower expenses. We are focusing our efforts on generating demand in growing markets," said SGI's chairman and CEO, Richard Belluzzo. And, responding to analysts' predictions that SGI would make a profit in the current quarter, senior VP for corporate operations Bill Kelly told US newswires: "That's not going to happen." "Third quarter is not what we wanted it to be," he added. Still, the company continues to own 85 per cent of Risc processor manufacturer MIPS, and plans to divest itself of a good proportion of that stake. It had already planned to take its shareholding down to 65 per cent, but the latest figures may persude Belluzzo to sell more. It's a strategy working quite well over at Apple -- its recent profitable quarters have been boosted by ditching chunks of its stake in AMD Holdings. Apple and SGI, as companies long associated with creative computing, have much in common. Both ran into real trouble by failing to keep up with wider industry developments and, in many ways, relying on their userbase to stick with them and not opt to migrate to cheaper platforms. Both are now targetting more entry-level customers with designer hardware, and both are looking to the open source world to improve their software support. In SGI's case, that means adopting Linux, initially alongside its Windows NT-based offerings, launched earlier this year, and perhaps replacing NT as the company's core operating system. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.