Silicon Graphics Predicts ‘Significant’ Loss

Silicon Graphics Inc. forecast a “significant” loss and lower sales for this quarter as the computer maker struggles with declines in its workstation and supercomputer businesses. The company, known for its high-powered computers told analysts it will post a loss of between 30 and 45 cents a share for the quarter ending Tuesday. It had been expected to break even, according to a survey of analysts by IBES International Inc. The loss comes as the firm faces falling prices and stiff competition from rivals such as Hewlett-Packard Co. and Sun Microsystems Inc. SGI shares fell 19 cents to close at $13.94 on the New York Stock Exchange, less than half their 52-week high of $29.56 reached in September.