BUSINESS
April 21, 2004 | From Bloomberg News
Silicon Graphics Inc., which builds computers that create special effects and graphics, reported a narrower third-quarter loss as sales rose for the first time in almost five years. The net loss was $4.1 million, or 2 cents a share, compared with a loss of $35 million, or 17 cents, a year earlier, the Mountain View, Calif.-based company said. Sales rose 6% to $230.2 million. Silicon Graphics shares fell 44 cents to $2.40 in extended trading after the report. Earlier they fell 3 cents to $2.
BUSINESS
January 22, 2004 | From Reuters
Starbucks Corp. posted first-quarter profit growth of 41% on strong holiday sales and rising use of its stored-value card. The Seattle-based company reported a profit of $110.8 million, or 27 cents a share, up from $78.4 million, or 20 cents, a year earlier. Sales rose 28% to $1.3 billion. Before the announcement, Starbucks shares closed at $35, up 17 cents on Nasdaq. From Reuters * * Silicon Graphics Inc.
BUSINESS
May 23, 2003 | P.J. Huffstutter, Times Staff Writer
Computer hardware manufacturer Silicon Graphics Inc. cut nearly 10% of its staff Thursday to reduce costs as it struggles to find its place in an increasingly Linux-oriented world. The layoffs underscore how deep the troubles are for the onetime Silicon Valley powerhouse -- and how dim its future appears. Its sales, which peaked at nearly $3.7 billion in fiscal 1997, fell sharply to $1.3 billion last year.
BUSINESS
April 22, 2003 | From Reuters
Computer maker Silicon Graphics Inc. said Monday that it swung to a loss in its fiscal third quarter as revenue declined 31%. Silicon Graphics, also known as SGI, reported a net loss of $35 million, or 17 cents a share, in the quarter ended March 28, compared with net income of $10.3 million, or 5 cents, a year earlier. Revenue fell to $217.1 million from $313.6 million. The Mountain View, Calif.
BUSINESS
January 22, 2003 | From Reuters
Computer maker Silicon Graphics Inc. reported a fiscal second-quarter net loss, contrasted with a year-earlier profit, as revenue slid amid tough times in the technology industry. Mountain View, Calif.-based SGI posted a loss of $17 million, or 8 cents a share, for the period ended Dec. 27. Year-earlier net income was $49.3 million, or 24 cents. Revenue fell 28% to $262.7 million. Silicon Graphics shares rose 3 cents to $1.33 on the NYSE before the earnings announcement.
BUSINESS
July 9, 2002 | Bloomberg News
Silicon Graphics Inc., whose computers create digital images for training pilots and making movies, said its fourth-quarter sales would fall short of forecasts as customers reduce spending on its equipment. The Mountain View, Calif.-based company said a preliminary review shows sales of $280 million to $290 million for the quarter, compared with a prior estimate of $310 million to $330 million. It expects a loss of $20 million to $25 million for the quarter.