Silicon Graphics Systems (India) Pvt Ltd and Intel Technology India Pvt Ltd today announced the deployment of a 10 Intel(R) Itanium(R) 2 processor-based SGI(R) Altix(R) 350 server at BG Exploration & Production India Limited (BGEPIL), which is a business of BG India. BG India has been active in India’s oil and gas sector for more than 10 years and is part of the BG Group — a leading international energy company. The new system will be used to simulate gas deposits miles below the earth’s surface, thereby providing BGEPIL timely access to data needed for its oil exploration and production planning.
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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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