Silicon Graphics Inc

Silicon Graphics Inc., whose computer technology drives the digital special effects in "Forrest Gump," "True Lies" and nearly every other big summer movie, said Thursday that it is launching a subsidiary focusing on the entertainment industry. SGI Chairman Edward McCracken said the new division, Silicon Studios, is expected to double the Mountain View, Calif.-based firm's entertainment industry revenue to $400 million over the next year.

Silicon Graphics Inc., known for computers that create special effects for Hollywood movies, filed for Chapter 11 bankruptcy protection. SGI said it expected to exit from Chapter 11 within six months. In its court filing, SGI said its business had been challenged by delays in introducing technology, a focus on more specialized markets and more intense competition. The Mountain View, Calif.

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.

* Silicon Graphics Inc., which builds computers that create special effects and graphics for movies, said it planned to cut about 200 jobs. * Viacom Inc.'s Infinity Broadcasting said it would begin streaming 11 of its leading news and news-talk stations over the Web this month in what appeared to be a bid to better compete with satellite and Internet rivals. Infinity's all-news stations to be streamed include KFWB and KNX of Los Angeles. * Ask Jeeves Inc.

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.

Silicon Graphics Inc. to Hire 3,000: The Mountain View, Calif., maker of computer workstations said this week that it will create the new jobs over the next 18 months, more than half of them at its headquarters. The new hires will increase the company's total employment 65% to 7,500.

Silicon Graphics Inc. forecast a "significant" loss and lower sales for this quarter as the computer maker struggles with declines in its workstation and supercomputer businesses. The company, known for its high-powered computers told analysts it will post a loss of between 30 and 45 cents a share for the quarter ending Tuesday. It had been expected to break even, according to a survey of analysts by IBES International Inc.

Silicon Graphics Inc. announced Wednesday that it is combining forces with AT&T Corp. in an interactive-TV joint venture, giving it a boost toward creating an industry standard for the next generation of television. No financial terms were disclosed for the venture, called Interactive Digital Solutions. The agreement gives Silicon Graphics a better chance of having its technology become the model for interactive television, which will allow customers to select what they watch on TV from menus.

The stock price of computer workstation maker Silicon Graphics Inc. soared Tuesday after a published report that it is discussing a merger or other business relationship with Compaq Computer, the leading vendor of IBM-compatible personal computers. In a statement released after the markets closed Tuesday, Silicon Graphics denied that it is discussing a takeover by Compaq but acknowledged that it is engaged in "strategic business relationship discussions" with Compaq and other companies.

Silicon Graphics Inc., in an ambitious effort to break out of its high-end niche, has launched a "personal computer-like" color workstation that foreshadows a new generation of high-powered desktop computers. The system, which sells for about $10,000, has many of the capabilities normally associated with sophisticated engineering workstations but is targeted at professionals in the design, entertainment and financial services industries. Mountain View, Calif.

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.

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.

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.

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.

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.

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.

Silicon Graphics Names Chairman: Edward R. McCracken has been named chairman of Silicon Graphics Inc. McCracken, Silicon Graphics' chief executive, replaces founder and Chairman James H. Clark. Clark will leave the Mountain View, Calif.-based firm Feb. 28. Thomas Jermoluk was named to replace McCracken as president and was also named chief operating officer. The firm manufacturers high-performance visual computing systems.

Silicon Graphics Inc., whose computers created images for movies such as "Shrek," agreed to pay $4 million in cash and 8 million shares worth $20.7 million to settle a class-action lawsuit that accused the company of artificially boosting its stock price. The company had paid 2.4 million shares to the plaintiffs' attorneys, the New York-based firm Milberg Weiss Bershad Hynes & Lerach.