Silicon Graphics this week reported losses well below analysts' expectation and is hoping its new NT workstations will further fuel its financial recovery.
The company reported a net loss for its second quarter of fiscal 1999 of $20.3 million, or $0.11 per share, up on the $31.5 million loss reported a year earlier. Wall Street analysts had predicted a loss of $0.19 per share.
Turnover for the quarter was down 19.5 per cent to $684 million from $850 million a year earlier. But despite the fall, losses were reduced by tightening the company's financial belt.
Silicon Graphics' chief executive Richard Belluzzo said the company's recovery was still on track and its efforts to focus on growth markets and tightly manage expenses had resulted in a, "more relevant and more competitive Silicon Graphics."
Last week the company launched two new workstations running Windows NT, a blatant play for the mainstream by Silicon Graphics, which previously used only its own breed of Unix, called Irix.
Belluzzo said the workstations, which will start shipping in Europe next month, will further boost the company's recovery. "These products represent a significant milestone for the company and reinforce our leadership in the visual computing marketplace," he said.
Silicon Graphics' minitower 320 workstation will be available in Europe next month, priced at #2,340 in the UK. The 320 runs up to two Intel Pentium II 450MHz processors and up to 1Gbyte of SDram memory.
The bigger, more powerful 540 workstation, which starts at #4130, is capable of playing professional quality digital video. The 540, available in Europe in the second quarter of 1999, can be configured with up to four Intel Xeon 450MHz processors and up to 2Gbytes of SDram.
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