ist wirklich nicht alles gold was glänzt?

SGI up after comments about Dec. quarter (SGI) by Michael Baron
SGI (SGI) is surging 29 cents, or 6.5 percent, to $4.74, after the Mountain View, Calif., provider of computing products and services said that it reached"several sales milestones" in the December quarter. The company, also known as Silicon Graphics, said that revenue from its government and defense industry customers grew to 25 percent of its overall revenue of $364 million in the period. Among its significant defense contracts during the quarter were Lockheed Martin, General Dynamics, and Saab Aerospace. Earlier in the session, the stock hit a 52-week high of $4.85. Volume is heavy with 2.71 million shares changing hands, well ahead of its daily average of 1.78 million. On Jan. 22, the company reported its results for the second quarter ended Dec. 28, beating Wall Street expectations with an operating loss of 2 cents a share. Analysts polled by Thomson Financial/First Call were looking for a loss of 14 cents a share, on average.



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