Linked by Thom Holwerda on Wed 1st Apr 2009 13:15 UTC
SGI and IRIX 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.
Thread beginning with comment 356267
To read all comments associated with this story, please click here.
Member since:

I'm still surprised that Apple had no interest.

$25 million is not a lot for a company that has $28 billion in the bank.

They could have learned a lot and had a real understanding for two other markets.

Reply Score: 2

poundsmack Member since:

SGI also had some 500+ million in debt that the buying company had to take on. also it would make no sence to Apple, not even a little bit. It barely makes sense here. how sad though how the mighty have fallen, SGI and soon posibly Sun, it just makes me sad really... ;)

Reply Parent Score: 3

bryanv Member since:

Back in 2001, I thought Sun would be around for a while.... a long while.

Wow, was I wrong.

Makes me wonder if my current stock picks aren't just as retarded.

Then again, I did call the Be -> Palm deal. Too bad Palm was a bunch of retards.

Reply Parent Score: 2

Lennie Member since:

"I'm still surprised that Apple had no interest."

I think Apple wouldn't have much reason to buy SGI, after all the most important/interresting part of the SGI business at this point is probably their NUMA/interconnect offering.

This is much more the field of a company like Rackable.

Reply Parent Score: 1