Silicon Graphics Files Bankruptcy, Sells for $25 Million

If you gotta’ go, go with a bang.

Computer workstation and server company Silicon Graphics, founded in 1982 by Jim Clark, declared bankruptcy earlier today and sold itself to Rackable Systems. The price tag? $25 million. In the official filing, SGI listed debt totaling $526 million.

Aftershocks are already being felt as Rackable’s stock dropped almost 7 percent once word of the deal got out. Silicon Graphics’ fluffy computing systems were defeated in the end by cheap Linux boxes.

If I could file bankruptcy and take $25 million with me, though, I would do it.

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