Linked by Thom Holwerda on Mon 8th May 2006 13:18 UTC, submitted by BluenoseJake
SGI and IRIX 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.
Thread beginning with comment 122342
To view parent comment, click here.
To read all comments associated with this story, please click here.
RE[3]: SGI
by Damien on Mon 8th May 2006 17:50 UTC in reply to "RE[2]: SGI"
Member since:

You mean HP dumped both the PA-RISC (old HP) and Alpha series (old Compaq through DEC purchase) for Itanium?


Reply Parent Score: 1

RE[4]: SGI
by twenex on Mon 8th May 2006 17:56 in reply to "RE[3]: SGI"
twenex Member since:

Yep. To be fair, dropping PA-RISC for what became Itanium was on the cards long before HP picked up Compaq, in fact from around the time Commodore went belly-up, iirc.

Reply Parent Score: 1