Feeds

SGI predicts deeper than expected Q4 loss

Revenues down on supply problems, lower sales

  • alert
  • submit to reddit

Internet Security Threat Report 2014

SGI's Q4 loss will be bigger than planned thanks to tumbling revenues, the company warned Wall Street yesterday.

SGI predicted the quarter's revenue will fall within a $525-535 million range. That's well down on the $829 million it recorded for the same period last year, and down on the previous quarter's $563.7 million, itself down nine per cent on Q3 1999's $619.2 million.

The troubled company laid the blame for the shortfall on supply problems, which hit desktop production; moving over to a number of new machines; and fewer sales of supercomputers. Last quarter, SGI finally got rid of its Cray supercomputer business, offloading it on Tera for around $100 million - rather less than the $740 million it paid for Cray.

Last quarter, SGI blamed its revenue shortfall and loss on delays in the shipment of MIPS' R12000 CPU.

First Call puts Wall Street's expectations of SGI's Q4 2000 loss at eight cents a share. Last quarter saw a loss of ten cents a share, below expectations of seven cents a share. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
prev story

Whitepapers

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.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.