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Rackable Systems Misses Estimates

Stock quotes in this article: RACK , IBM , HPQ , DELL  

SAN FRANCISCO -- Rackable Systems(RACK Quote) posted a deeper-than-expected loss in the second quarter, as component shortages and price discounts the company made to win a contract, weighed on results.

The Freemont, Calif., computer maker had sales of $76 million in the second quarter, in line with analyst estimates, and down from $82 million at this time last year.

Rackable also re-affirmed its sales outlook for the full fiscal 2008 year, noting that its new products and trends among its Internet customers bode well for the second half of the year. ...

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