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.

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Comments (2)
  • Seppo Sahrakorpi
    , contributor
    Comments (2146) | Send Message
     
    Short term fear, great buying ($CRAY) opportunity for the long term...
    30 Oct 2013, 07:35 PM Reply Like
  • riotango07
    , contributor
    Comments (69) | Send Message
     
    I'm with ya on that!
    30 Oct 2013, 08:28 PM Reply Like
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