Silicon Graphics (SGI) was down 18% after posting a third-quarter loss of 74 cents a share, well below analysts' expectations of 25 cents and the year-ago loss of 10 cents.
The computer server and workstation maker said it was cutting about 1,000 jobs, or about 15% or its workforce, in an effort to break even at the current revenue level by 2002. The
Computer Box Maker Sector
( BMX) was down 1.2%.