SGI shares plunge 23 pct as profit margins fall

Wed, 08 Feb 2012 11:45:09 -0800
Silicon Graphics International Corp.'s shares plummeted 23 percent Wednesday after the provider of computer equipment and services reported its profit margins are shriveling. The sell-off produced the steepest one-day plunge in the stock since Rackable Systems bought Silicon Graphics out of bankruptcy court for $42.5 million and adopted the company's name nearly three years ago.
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