real-time news and commentary for investors
Wednesday, Oct 30
SGI suspends guidance, shares -15.1% AH
- While its FQ1 results nearly matched the numbers provided in the company's Oct. 10 warning, Silicon Graphics (SGI) says it's suspending guidance due to a lack of visibility for government orders in the wake of the shutdown. Guidance will be provided once SGI receives "further clarity on expected government spending."
- SGI has fallen to levels last seen in April thanks to the commentary. CRAY, which sold off in sympathy with SGI following the warning, might do so again.