SGI Reports Preliminary Third Quarter Financial Results

Silicon Graphics News
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Silicon Graphics (OTC: SGID), a leader in high performance computing today announced preliminary financial results for its third fiscal quarter ended March 31, 2006.
Based on preliminary data available at this time, the Company expects revenue of approximately $108 million for the third fiscal quarter as compared to its guidance of $140 million to $160 million. The Company’s cost reduction initiatives continue to be on track, although there continue to be significant restructuring and professional advisory fees associated with the turnaround efforts.
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