Time was, there was a Silicon Graphics (SGIC) workstation on every desk in computationally-intense industries like chemistry and film production. No longer. Cheap Linux boxes have rendered them obsolete and SGI, the company, along with them. This morning, SGI, which recently endured a brace of layoffs, filed for bankruptcy protection for a second time and sold itself to Rackable Systems, which makes server and storage products for midsize and large data centers, for $25 million in cash.
“We have been working very hard to strengthen our company, and today, we’ve taken another big step in that direction,” SGI CEO Robert Ewald said in a statement that would make even the most exuberant of SGI-optimists wince. “This transaction represents a compelling opportunity for Silicon Graphics’ customers, partners and employees, who can all benefit from the emerging stronger company with better technologies, products and markets [sic] reach.”
For more, read: All Things Digital
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