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Rackable Systems' Sales Slump
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Rackable Systems(RACK Quote) swung to a loss in the third quarter, as sales fell 25%.
The Fremont, Calif., computer maker posted a loss of $5.9 million, 20 cents a share, in the third quarter, vs. break-even results at this time last year.
Excluding $2.7 million in stock option expenses, and about $1.2 million in investment impairment and amortization charges, Rackable lost 5 cents a share. Analysts polled by Thomson Financial were looking for a loss of 7 cents a share, excluding special items. ...
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