Silicon Graphics Reaffirms Fourth Quarter Fiscal 2008 Guidance

Silicon Graphics News

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SUNNYVALE, Calif., July 21 /PRNewswire-FirstCall/ — Silicon Graphics, Inc. SGIC today reaffirmed and updated guidance for the quarter ending on June 27, 2008. For the fiscal fourth quarter of 2008, SGI expects that bookings will be in the upper range of its initial $80 to $100 million estimate; proforma revenue in the lower half of its initial $115 to $135 million estimate and a cash balance of approximately $40 million, roughly the same as the prior quarter, with no amount drawn on the $20 million revolving line of credit. The updated bookings guidance represents an approximate 25 percent year-over-year growth in bookings, one of SGI’s primary objectives in fiscal year 2008.

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