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.
SGI To Emerge From Bankruptcy Cocoon
2006-09-20 SGI and IRIX 4 Comments
May people be able to enjoy your pretty purple boxes once again!
(that doesn’t sound quite right :x)