SGI to layoff ~ 3000 employees, sees 2Q profit (UPDATED)

A reader wrote to us with the news that SGI has doubled their original August estimates for # of layoffs, bringing the probable number to roughly 3000. However, SGI is seeing a return to profitability. The additional 1500 are not actually being laid-they are being offered new jobs with the new NT/Visual Workstations and Cray units, leading to the above erroneous information.