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.
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Simba
Member since:
2005-10-08

> 1) Americans spend $5300 per capita on healthcare,
> more than any other country on earth.

And guess where the vast majority of new presscription drugs come from for fighting disease? Hint: It's not the UK. It's something called "American drug companies" And guess what? That research costs money.

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