Linked by Thom Holwerda on Fri 1st May 2009 20:42 UTC
SGI and IRIX Niche server maker Rackable Systems said this morning that the U.S. bankruptcy court in New York handling the Chapter 11 proceedings for supercomputer maker Silicon Graphics has approved Rackable's acquisition of most of the assets of SGI. Under the deal that was announced on April 1, the same day that SGI filed for bankruptcy protection, Rackable said it would be shelling out $25m to acquire most of the assets of SGI as well as assuming "certain liabilities" that were not specified. In the announcement today, that figure has risen to $42.5m in cash. The liabilities that Rackable is assuming have not been detailed.
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That seems so sad...
by Tuishimi on Sat 2nd May 2009 05:58 UTC
Tuishimi
Member since:
2005-07-06

...the once "mighty" (in my eyes) SGI reduced to this.

Reply Score: 6

RE: That seems so sad...
by bibe on Sat 2nd May 2009 20:29 UTC in reply to "That seems so sad..."
bibe Member since:
2005-07-09

You said it all :'(

Reply Score: 1

RE: That seems so sad...
by frantisheq on Sat 2nd May 2009 21:04 UTC in reply to "That seems so sad..."
frantisheq Member since:
2008-07-25

very true

Reply Score: 1

shaunehunter
Member since:
2007-02-12

NUMA Flex, Software, IP portfolio, Support Contracts, Developers?

Nothing seemed to keep customers coming. What you you think?

Figers crossed for GPL'd IRIX.

Reply Score: 1