SGI Announces Q1 FY2005 Preliminary Financial Results

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MOUNTAIN VIEW, Calif., Oct. 5 /PRNewswire-FirstCall/ — SGI (NYSE: SGI) announced today that for the first fiscal quarter, ending on September 24, 2004, revenue is projected to be approximately $175 million and the operating loss is expected to be approximately $25 million. The Company previously forecast revenue of $190 to $210 million and an operating loss of approximately $10 to $20 million for the first quarter.
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