Feeds

SGI ‘just short’ of breaking even

Might even start making money soon

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Once-troubled SGI execs yesterday appeared to have cultivated sunnier dispositions when they revealed that the company will next week announce that it has broken even... almost. The official line phrase is "just short of break even", which could mean absolutely anything -- except, of course, 'in the black' and 'at break even point' -- but at least SGI is finally moving in the right direction. Company bosses said they expect to report revenues for the quarter of $640 million, down seven per cent on the $685 million figure it posted for the same period last year. For the previous quarter its first of fiscal 2000, the company lost $213 million, including restructuring charges, a massive increase on previous quarters' losses as SGI shut down all the operations it had failed to sell-off under its August restructuring programme. SGI could, of course, have chosen to spread out those charges over several quarters, but it presumably felt better to get them out of the way, to allow it to focus its efforts on cutting costs -- and, more importantly, to make it clear to Wall Street that that's what it's doing. SGI's latest results, for the quarter ended 31 December, will be officially released on 24 January. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.