SGI keeps its promise

Silicon Graphics (NYSE: SGI) kept its word Monday, posting a second-quarter loss of $1 million, or a penny a share, on sales of $648 million.

Its shares closed up 1/4 to 11 1/4 ahead of the earnings report.

Last week, SGI told analysts that it expected to almost break even in the quarter rather than 13 cents a share as most analysts had predicted.

First Call consensus originally pegged SGI for a loss of 13 cents a share but revised that estimate to a penny a share following the SGI announcement.

Last quarter, it lost $20 million, or 11 cents a share. --Larry Barrett, ZDNet Inter@ctive Investor