Silicon Graphics has warned that it expects to make a significantly higher fiscal third quarter loss than expected, following six consecutive quarters in the red.
The workstation vendor, once the darling of the movie industry following its role in Jurassic Park, warned that it is now anticipating losses of between $0.20-0.25 per share compared with the $0.07 predicted by the First Call analysts? consensus.
Revenues for the quarter, which ended on 31 March, are expected to be in the low to mid $600 million range.
Richard Belluzzo, Silicon Graphics? chairman and chief executive, said: "This quarter?s disappointing results reflect the challenging transitions in both of our principal product lines."
The firm had experienced delays in ramping up production for its new 320 Visual Workstation and sales of its Origin server business were slow because it was about to introduce new R12000 microprocessor based systems, he explained.
The company?s restructuring programme to cut costs and reposition its product line had also affected third quarter sales, Belluzo said.
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