Silicon Graphics Posts Loss of $17 Million

Computer maker Silicon Graphics Inc. reported a fiscal second-quarter net loss, contrasted with a year-earlier profit, as revenue slid amid tough times in the technology industry.

Mountain View, Calif.-based SGI posted a loss of $17 million, or 8 cents a share, for the period ended Dec. 27. Year-earlier net income was $49.3 million, or 24 cents. Revenue fell 28% to $262.7 million.

Silicon Graphics shares rose 3 cents to $1.33 on the NYSE before the earnings announcement.