http://www.osnews.com/ Exploring the Future of Computing en-us Copyright 2001-2012, David Adams OSNews version 4 donotreply@osnews.com (Adam Scheinberg) donotreply@osnews.com (Thom Holwerda) Thu, 24 May 2012 16:25:20 GMT http://www.osnews.com/images/osnews.gif http://www.osnews.com/ 120 http://www.osnews.com/story/21416/Rackable_Free_to_Pick_Up_SGI/ http://www.osnews.com/story/21416/Rackable_Free_to_Pick_Up_SGI/ 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. Fri, 01 May 2009 20:42:27 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 4 http://www.osnews.com/topics/6 News http://www.osnews.com/story/21234/Rackable_Systems_Buys_Bankrupt_SGI/ http://www.osnews.com/story/21234/Rackable_Systems_Buys_Bankrupt_SGI/ Silicon Graphics Inc., the perma-struggling workstation-turned-server-maker, filed for bankruptcy protection today, and was immediately bought by Rackable Systems. Rackable has signed to take on all of SGI's liabilities. The deal is expected to complete in 60 days. The combined company will target the hyper-competitive market for x86 boxes for cluster and high performance computing, internet and cloud services. "This combination gives us the potential for significant operational synergies, a strong balance sheet, and positions the combined company for long-term growth and profitability," said Rackable CEO Mark Barrenechea. Wed, 01 Apr 2009 13:15:21 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 16 http://www.osnews.com/topics/6 News http://www.osnews.com/story/20934/SGI_in_Trouble_Again/ http://www.osnews.com/story/20934/SGI_in_Trouble_Again/ If there is one company out there that embodies "former glory", it just has to be Silicon Graphics Incorporated. Once one of the most well-respected high-performance computer and software makers of the world, it is now a mere shadow of its former self. The most recent set of financial results from the company do not bode well for the already troubled company. Sat, 07 Feb 2009 10:20:30 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 23 http://www.osnews.com/topics/6 News http://www.osnews.com/story/16221/_New_SGI_Emerges_from_Chapter_11/ http://www.osnews.com/story/16221/_New_SGI_Emerges_from_Chapter_11/ SGI says it has emerged from chapter 11 bankcrupcy protection and emerged 'leaner' and quite possibly meaner. Having dispensed with its own militant tendency, the company says it is now the 'New SGI'. It has slashed an burned a bit, dumped its old board of directors and management team and in the process saved a suggested USD 150 million a year. Wed, 18 Oct 2006 21:01:37 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 11 http://www.osnews.com/topics/6 News http://www.osnews.com/story/15908/SGI_To_Emerge_From_Bankruptcy_Cocoon/ http://www.osnews.com/story/15908/SGI_To_Emerge_From_Bankruptcy_Cocoon/ SGI is ready to become emergent all over again. A judge has okayed the company's reorganization plan, paving the way for it to come out of bankruptcy protection in October. The 'new' SGI will be a trimmed down version of its former self with just 1600 staff. In addition, it will have a new board of directors to complement new CEO Dennis McKenna. With so much newness on its side, SGI expects to reach profitability in fiscal 2007. Wed, 20 Sep 2006 17:23:41 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 4 http://www.osnews.com/topics/6 News http://www.osnews.com/story/15741/SGI_To_Drop_MIPS_Irix_Moves_to_Itanium_Linux/ http://www.osnews.com/story/15741/SGI_To_Drop_MIPS_Irix_Moves_to_Itanium_Linux/ German technology website Heise.de reports that SGI will completely abandon its MIPS processor architecture, including its operating system Irix, in favour of Linux-powered Itanium workstations. SGI used MIPS and Irix in its products for almost 20 years, and with this switch to Intel, yet another major (historically speaking, that is) company abandons its architecture for the more common Intel one. Tue, 05 Sep 2006 19:43:37 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 58 http://www.osnews.com/topics/6 News MatzeLoCal http://www.osnews.com/story/15107/SGI_To_Emerge_From_Bankruptcy_Cocoon_in_September/ http://www.osnews.com/story/15107/SGI_To_Emerge_From_Bankruptcy_Cocoon_in_September/ SGI hopes to emerge as a leaner, meaner organisation by the end of the third quarter. The hardware maker this week filed an amended reorganisation plan that calls for it to finish off bankruptcy proceedings by September. If all goes as expected, SGI will trim its total debt down to USD 70m from USD 345m. Some of the debt will be removed in exchange for the privilege of investing more money in SGI 2.0. Thu, 06 Jul 2006 19:40:30 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 19 http://www.osnews.com/topics/6 News http://www.osnews.com/story/14570/Microsoft_Man_s_Shadow_Over_Bankrupt_SGI/ http://www.osnews.com/story/14570/Microsoft_Man_s_Shadow_Over_Bankrupt_SGI/ Got $18m to spare? That's the market capitalization of one of Silicon Valley's most glamorous companies this morning, after Silicon Graphics Inc. filed for Chapter 11 bankruptcy. The size of SGI's debt - at $664m it's twice the value of its assets - is enough to deter all but the most determined bargain hunter. Apart from a ragbag of trademarks - such as OpenGL - what growth has SGI left to offer? Tue, 09 May 2006 21:25:04 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 28 http://www.osnews.com/topics/6 News http://www.osnews.com/story/14553/Silicon_Graphics_Files_for_Chapter_11_Bankruptcy/ http://www.osnews.com/story/14553/Silicon_Graphics_Files_for_Chapter_11_Bankruptcy/ Silicon Graphics Inc. has filed for Chapter 11 bankruptcy. The press release sugarcoats: "Silicon Graphics today announced that it has reached an agreement with all of its Senior Secured bank lenders and with holders of a significant amount of its Senior Secured debt on the terms of a reorganization plan that will reduce its debt by approximately $250 million, greatly simplifying its capital structure." El Reg, The Inq, and the WSJ have more. Mon, 08 May 2006 13:18:08 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 123 http://www.osnews.com/topics/6 News BluenoseJake http://www.osnews.com/story/13943/SGI_Moving_to_Mysterious_Altism_Line/ http://www.osnews.com/story/13943/SGI_Moving_to_Mysterious_Altism_Line/ SGI is not very willing to communicate about any strategic changes it is plannign to make in their product line up. "Thankfully, we happen to know a couple of SGI's largest customers - the kind of folks who actually receive information from the graphics beast. In order to help out the rest of you poor, informationless sods, we're going to don SGI's marketing cap for the moment and get out the good word to customers large and small. Here's where SGI is heading according to the insiders." Sat, 11 Mar 2006 21:22:06 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 7 http://www.osnews.com/topics/6 News http://www.osnews.com/story/13867/SGI_Kicks_off_New_Era_by_Firing_12_of_Its_Staff/ http://www.osnews.com/story/13867/SGI_Kicks_off_New_Era_by_Firing_12_of_Its_Staff/ SGI's new CEO has wasted no time performing a major shakeup at the server company. Moves announced today include substantial layoffs, executive departures and SGI's plans to tweak its server business. SGI will fire close to 12 per cent of its workforce - 250 staffers - in the hopes of saving some extra cash. Word of the layoffs arrives just about a month after SGI moved former CEO Bob Bishop aside and tapped Dennis McKenna as its new chief. SGI heralded the layoffs as proof of McKenna's quick, decisive action, issuing a statement titled 'CEO Delivers Aggressive Changes in First 30 Days as Part of Turnaround.' The Inq speculates about nVidia buying SGI's graphics dpt. Update: Couldn't resist. Fri, 03 Mar 2006 21:44:43 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 25 http://www.osnews.com/topics/6 News http://www.osnews.com/story/13622/SGI_Warns_That_Bankruptcy_Might_Be_Year-End_Option/ http://www.osnews.com/story/13622/SGI_Warns_That_Bankruptcy_Might_Be_Year-End_Option/ SGI issued its most ominous regulatory filing to date, warning that a bad 2006 could force the former high-flyer into bankruptcy. In order to improve its business, SGI will consider measures ranging from axing or selling off product lines to pursuing 'a strategic partner or acquirer.' The hardware maker will basically look at anything and everything to remain a going concern. Thu, 09 Feb 2006 19:10:34 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 47 http://www.osnews.com/topics/6 News http://www.osnews.com/story/13526/SGI_Gets_a_New_CEO/ http://www.osnews.com/story/13526/SGI_Gets_a_New_CEO/ "Silicon Graphics announced today that Dennis McKenna has been named chairman of the board, chief executive officer and president, effective immediately. McKenna succeeds Robert Bishop, who will remain on the board of directors and serve as vice chairman. "Dennis McKenna is a proven leader, with an established track record of driving positive results in difficult business environments. He is well balanced in strategy, business development and operational execution - a combination that we believe will bring improved results to SGI and its stakeholders," said James McDivitt, SGI's lead director." Update: El Reg has more on this. Wed, 01 Feb 2006 18:15:34 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 20 http://www.osnews.com/topics/6 News milatchi http://www.osnews.com/story/12629/SGI_to_Show_Next-Generation_Linux_Machines/ http://www.osnews.com/story/12629/SGI_to_Show_Next-Generation_Linux_Machines/ Silicon Graphics will start showing off the Altix 4000 Monday, the second generation of the company's technical computing machines based on the Linux operating system and Itanium processors. Sat, 12 Nov 2005 00:34:39 GMT donotreply@osnews.com (Eugenia Loli) SGI and IRIX 23 http://www.osnews.com/topics/6 News http://www.osnews.com/story/12579/SGI_Still_Hanging_Tough/ http://www.osnews.com/story/12579/SGI_Still_Hanging_Tough/ Monday was the first day since 1986 that the stock of Silicon Graphics Inc., better known as SGI, has not been traded on the New York Stock Exchange. Its recent delisting is just the latest chapter of a long, painful story that analysts say is loaded with lessons for other companies. However, company executives say SGI's customer base remains loyal and its technology base is strong enough to sustain it, albeit in narrow vertical markets. Tue, 08 Nov 2005 19:07:45 GMT donotreply@osnews.com (Thom Holwerda) SGI and IRIX 23 http://www.osnews.com/topics/6 News