n Shares in Silicon Graphics (SGI) slipped more than six per cent yesterday on news that the firm would only break even in its second fiscal quarter. Although bookings are at a record level of $950 million, revenue for the quarter ended 31 December is expected to be about $825 million, more than $70 million down on the combined revenue for SGI and Cray Research in the comparable quarter last year. SGI acquired Cray last June. Andrew Spybey, SGI UK PR manager, said that the outlook for the company was positive, despite the results. ?The record level of bookings is very significant, we?re not in a position where we can meet the level of demand for our products. The long-term picture is an optimistic one.? The company expects net earnings per share to be in the break even range, without counting charges arising from the Cray merger. Analysts had expected SGI to earn about 25 cents per share.
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