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Silicon Graphics sees 4Q sales at low end of range



By AP
21 July 2008 @ 09:28 am EST

SUNNYVALE, Calif. - Silicon Graphics Inc., which makes servers and visualization systems, on Monday said it expects fiscal fourth-quarter revenue in the lower half of its previously issued guidance range.

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Silicon Graphics previously estimated revenue of $115 million to $135 million for the quarter ended June 27.

The company expects bookings at the upper end of its estimated range of $80 million to $100 million, which represents 25 percent growth from the same quarter a year ago.

The company will provide bookings and revenue guidance for the fiscal first quarter on Aug. 28.

"Silicon's original guidance for the fiscal fourth quarter of 2008 remains intact, as does our strategy to execute on our operating plan to achieve a lower operating break-even point," Chief Executive Robert "Bo" Ewald said in a statement.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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