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.
Related articles by Zemanta
- Silicon Graphics Declares Bankruptcy and Sells Itself For $25 Million (techcrunchit.com)
- A note about the Rackable/SGI deal (insidehpc.com)
- Rackable Systems to Acquire Silicon Graphics (insidehpc.com)
- Once-Mighty SGI Sold to Rackable for $25 Million (Ashlee Vance/Bits) (techmeme.com)
- SGI lays off another 9 per cent (theregister.co.uk)
Get Blippitt via RSS feed, Facebook, Twitter, Google+,
and be sure to get our Daily Email Broadcast.
