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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: October 6, 1997
(Date of earliest event reported)
SILICON GRAPHICS, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 1-10441 94-2789662
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
2011 N. Shoreline Blvd., Mountain View, California 94043-1389
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 960-1980
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(Former name or former address, if changed since last report.)
This Current Report contains 4 pages.
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2
Item 5. Other Events.
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On October 6, 1997, Silicon Graphics, Inc. issued a press release regarding
its results for the quarter ended September 30, 1997, a copy of which press
release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
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Exhibit 99.1 Press release of Silicon Graphics, Inc. dated October 6, 1997.
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3
SIGNATURES:
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized on the date indicated.
SILICON GRAPHICS, INC.
(Registrant)
By: /s/ William M. Kelly
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Name: William M. Kelly
Title: Senior Vice President,
Corporate Operations
Dated: October 6, 1997
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
SILICON GRAPHICS ANNOUNCES PRELIMINARY
FIRST QUARTER RESULTS
MOUNTAIN VIEW, Calif. (October 6, 1997)--Silicon Graphics, Inc. (NYSE:SGI)
announced that, based on a preliminary analysis of its results for the quarter
ended September 30, 1997, it expects to report revenue of approximately $760
million, compared to $765 million in the quarter ended September 30, 1996. The
company expects a net loss of approximately $.20 per share, before giving effect
to charges associated with the acquisition of ParaGraph International.
"We anticipated a seasonally weak September quarter, especially after record
revenues in the June quarter." said Edward R. McCracken, chairman and chief
executive officer. "But the results were significantly lower than our
expectations. Our server business, which has accounted for significant growth in
recent periods, had a disappointing quarter, especially in the United States. In
hindsight, our strong June quarter, coupled with longer selling cycles
associated with the enterprise business, affected demand in the September
quarter to a greater extent than we anticipated."
"We believe that the markets that we're focused on are fundamentally healthy.
However, we clearly need to intensify our marketing and sales programs to take
advantage of these growth opportunities. At the same time we are reviewing our
operating expenses in light of current business conditions," concluded
McCracken.
These statements regarding estimated results are preliminary and based on
partial information and management assumptions. The company expects to announce
its actual results for the quarter on October 23, 1997.
Except for the historical information contained herein, the matters discussed
in this news release are forward-looking statements that involve risks and
uncertainties detailed from time to time in the company's SEC reports, including
the report on Form 10-K for the year ended June 30, 1997.
Silicon Graphics, Inc. is a leading supplier of high-performance interactive
computing systems. Silicon Graphics and its subsidiaries have office throughout
the world and headquarters in Mountain View, CA.