Another dismal quarter for SGI

Summary:SGI said late Tuesday that weak sales in its fourth quarter will result in a wider-than-expected loss for the second quarter in a row.The computer workstation maker said it now expects fourth-quarter sales of between $525 million to $535 million in the quarter, down from the $563.

SGI said late Tuesday that weak sales in its fourth quarter will result in a wider-than-expected loss for the second quarter in a row.

The computer workstation maker said it now expects fourth-quarter sales of between $525 million to $535 million in the quarter, down from the $563.7 million it recorded in the third quarter.

It also said its loss will be larger than the current First Call Corp. consensus estimate of 8 cents a share, but wouldn't elaborate on just how much wider the loss will be.

Ahead of the warning, SGI shares closed unchanged at 3 3/4. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor

Topics: Tech Industry

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