posted by Thom Holwerda on Wed 2nd Nov 2005 17:39 UTC
Silicon Graphics Inc. today issued a melancholy press release confirming that it has been kicked off the New York Stock Exchange, and will now trade as a 'penny stock'. SGI was the high-bandwidth, visualization-rich, media-savvy computer systems company that flourished in a decade when media pundits clamored for a winner in what they called 'the convergence space'. SGI obliged, and spared nothing - for a while its budgets were flush for R&D and fancy architecture. "Oh, SGI, we loved you and you screwed up. Bigtime."