SGI now expects first-quarter revenue to total about
Fremont-based SGI said it had expected a slowdown in spending akin to what happened in connection with previous federal sequester and budget flaps.
But the slump in government spending with the current partial shutdown went well beyond expectations.
"We could not have anticipated the unprecedented halt in all transaction activity that occurred in late September due to the looming government shutdown," SGI CEO
Per-share losses are now expected to range from
SGI's shares fell 16 percent in after-hours trading.
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