SGI right at home in red ink
The economic downturn is making an already difficult financial situation for supercomputer maker Silicon Graphics even more arduous.
For the second fiscal quarter ended in December, SGI reported revenues of $82.8m, down 8.1 per cent. Product revenues, including those from SGI Japan (which the company only owns 10 per cent of these days after spinning most of it out to its reseller in that country), amounted to $39.7m, down 8.5 per cent, with services sales coming in at $43m, down 7.8 per cent.
The company's operating loss grew to $38.2m from an operating loss of $30.8m in the year-ago quarter. The operating loss this time around was expanded by $10.7m in restructuring costs. SGI announced back in mid-December that it was cutting 15 per cent of its 1,500-person workforce. The net loss in fiscal Q2 came to $49.2m, larger than the $42.2m loss from a year ago.
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I manage my tasks by staying online/wired all of the time. I keep my laptop, iphone, work Black Berry all on all the time. I am constantly checking and or sending calls, texts, emails, etc.