SGI Announces Preliminary Financial Results for the Third Fiscal Quarter

Silicon Graphics News
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SGI (NYSE: SGI – News) today announced preliminary financial results for the third fiscal quarter ended March 25, 2005. The Company is projecting quarterly revenue of approximately $160 million and an estimated operating loss of approximately $45 million. The projected operating loss includes restructuring charges of approximately $15 million incurred primarily in connection with the restructuring actions that were initiated in February 2005. Without these charges, the non-GAAP operating loss is expected to be approximately $30 million. In its January 25, 2005 conference call, the Company had previously forecast revenue for the third quarter in the range of $180 million to $200 million.

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