Silicon Graphics Inc. has announced first quarter loss of $22 million or 13 cents per share. This compares to a $58 million profit this time last year.
SGI has finalised its $740 million acquisition of Cray Research this July and was left with related charges of $21 million. The company laid out an additional $10 million for the upgrading of microprocessor boards.
Chairman Edward McCracken expressed disappointment at the unexpectedly low results, stating: ?Many customers delayed orders in anticipation of our new products.?
Hope for a better second quarter rests with the new line of workstations and servers, launched recently, which will become available this month. At the top of the line, in association with Cray, will be the super computers which have formed the basis of the $110 million contract with the US Department of Energy at the Los Alamos National Laboratory.
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