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Last $9.22 USD
Change Today -0.46 / -4.75%
Volume 148.6K
SGI On Other Exchanges
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As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

silicon graphics internation (SGI) Key Developments

Total Chooses Silicon Graphics International Corp. to Upgrade its Supercomputer Pangea

Silicon Graphics International Corp. announced that Total has chosen SGI to upgrade its supercomputer "Pangea." SGI will boost Pangea's current SGI(r) ICE(TM) X high-performance computing (HPC) system with an additional 4.4 petaflops of compute power due to a new ICE X system, supported with M-Cell technology, storage and the Intel(r) Xeon(r) Processor E5-2600 v3 product family. This updated system would place in the top 10 of the latest TOP500 list, which was published in November 2014.

SGI Wins Contact from UK Atomic Weapons Establishment

SGI announced that the UK Atomic Weapons Establishment has awarded SGI a contract and will be one of the first customers to install SGI's record-breaking SGI ICE XA systems for its new supercomputer. The new system will be comprised of two SGI ICE XA systems, SGI's sixth generation and newest high performance computing system. The SGI ICE platform has already achieved a number of successive world record benchmarks including Standard Performance Evaluation Corporation (SPEC) MPI2007 benchmarks for the Intel Xeon E5-2600 v3 processor, making SGI ICE the world's most powerful distributed-memory supercomputer. The AWE is responsible for the provision of nuclear warheads to support the UK's nuclear deterrent, Trident. This encompasses the initial concept, assessment and design of the warheads, through component manufacture and assembly, in-service support, decommissioning and then disposal. The Comprehensive Nuclear Test Ban Treaty prohibits any test that produces any nuclear yield underground, underwater, in the atmosphere or in space. AWE must therefore continually develop methods to verify the safety and reliability of nuclear warheads through a science-based programme. The new systems will further boost AWE's sophisticated scientific and technological capabilities.

Silicon Graphics International Corp. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-04-2015 04:15 PM

Silicon Graphics International Corp. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-04-2015 04:15 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States.

SGI Completes $70 Million Three and Half Year Term Loan Financing

SGI announced that it has completed a $70 million three and a half year term loan financing. The proceeds will be used to fund working capital for large, recently-awarded customer contracts, to retire the company's existing revolver, and for general corporate purposes. The term loan will bear interest at LIBOR plus 9.00% with a LIBOR floor of 1.00%. Morgan Stanley Senior Funding Inc. acted as sole lead arranger and bookrunner.

Silicon Graphics International Corp. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended Dec. 31, 2014; Provides Earnings Guidance for the Third Quarter and Second Half of Fiscal 2015

Silicon Graphics International Corp. announced unaudited consolidated earnings results for second quarter and six months ended Dec. 31, 2014. For the quarter, the company reported revenue of $138,150,000, loss from operations of $10,004,000, loss before taxes of $10,309,000, net loss of $10,438,000 or $0.3 per diluted share, non-GAAP net income of $103,000 compared to the revenue of $116,060,000, loss from operations of $14,892,000, loss before taxes of $13,253,000, net loss of $13,684,000 or $0.4 per diluted share, non-GAAP net loss of $6,818,000 or $0.2 per share for the same quarter a year ago. Net capital expenditure was $1 million. For the year to date, the company reported revenue of $249,851,000, loss from operations of $20,114,000, loss before taxes of $20,318,000, net loss of $20,771,000 or $0.6 per diluted share, non- GAAP net loss of $4,874,000 or $0.14 per share compared to the revenue of $263,579,000, loss from operations of $22,082,000, loss before taxes of $20,147,000, net loss of $20,507,000 or $0.6 per diluted share, non- GAAP net loss of $5,534,000 or $0.16 per share for the same period a year ago. The company expects total revenue for its fiscal third quarter ending March 27, 2015 to be in the range of $120 million to $130 million. GAAP net loss for the fiscal third quarter is expected to be in the range of $5 to $9 million, or $0.15 to $0.25 loss per share. After excluding approximately $5 million of adjustments for stock-based compensation expense, restructuring and severance costs, intangibles amortization and other items, non-GAAP net loss for the quarter is expected to be in the range of breakeven to $4 million, or $0.00 to $0.10 loss per share. The company expects total revenue for the second half of fiscal 2015 to be in the range of $290 to $310 million, which represents growth of 16% to 24% over the first half of fiscal 2015, and growth of 9% to 16% over the comparable period last year. The company expects total revenue for its fiscal year ending June 26, 2015 to be in the range of $540 million to $560 million, reflecting annual core revenue growth of approximately 8% to 12%.

 

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