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SGI Reports 3Q08

Order momentum continues; strong Q4 start with significant wins
May 07, 2008

SUNNYVALE, Calif. -- SGI (NASDAQ:SGIC) today announced financial results for the third quarter of fiscal 2008, which ended March 28, 2008.

The Company's Webcast and conference call to discuss results is Tuesday, May 6 at 2:00 p.m. PDT. The Webcast and presentation materials will be available on the SGI Investors Relations Web page at the time of the call, at http://www.sgi.com/company_info/investors/.

Third Quarter FY08 Highlights

Overall in its third quarter, SGI:

  • Grew orders 50 percent over orders received in the third quarter of the
    prior year
  • Grew backlog to $134 million as of March 28, 2008, an 80 percent
    increase over the beginning of the company's fiscal year on a
    comparable basis
  • Accelerated its software strategy with acquisition of key IP assets
    formerly owned by Linux Networx

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