NEW YORK, May 2, 2016 /PRNewswire/ -- Attorney Advertising
-- Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims on behalf of purchasers of the securities of
Silicon Graphics International Corp. ("Silicon Graphics" or the
"Company") (NASDAQ: SGI). Such investors are advised to contact
Peretz Bronstein or his Investor
Relations Analyst, Yael Hurwitz at
info@bgandg.com or 212-697-6484.
This investigation concerns whether Silicon Graphics and certain
of its officers and/or directors have violated the Federal
Securities Laws under the Securities Exchange Act of 1934 (the
"Exchange Act").
On January 27, 2016, Silicon
Graphics restated its revenue outlook for fiscal year 2016 in the
range of $600 to $625 million.
Later on April 27, 2016,
Silicon Graphics lowered its revenue outlook for fiscal year 2016,
citing postponements its federal business. Silicon Graphics also
announced that its President and Chief Executive Officer,
Jorge Titinger, suggested that the
postponements in federal business "are significantly impacting"
Silicon Graphics' outlook for fiscal year 2016. Following
this news, Silicon Graphics dropped $2.39 per share, or 34.19%, to close at
$4.60 on April
28, 2016.
If you are aware of any facts relating to this investigation, or
purchased shares of Silicon Graphics, you can assist this
investigation by visiting the firm's website:
http://www.bgandg.com/#!sgi/wh5kr. You can also contact
Peretz Bronstein or his Investor
Relations Analyst, Yael Hurwitz of
Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged
to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC