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Rackable acquires Silicon Graphics for $25 million
Between the Lines — ... Silicon Graphics , Inc. (SGI) for approximately $25 million in cash. The combined businesses will offer hardware and software technology within large-scale x86 cluster computing, HPC, Internet, Cloud Computing, large-scale data storage environments and visualization platforms “across many verticals and geographies.” The companies expect “a stronger global services organization” reaching commercial, government and scientific sectors across the globe. The New York Times Bits blog notes the shock value of the transaction: A collective shudder rippled through Silicon Valley on ...

p2pnet World Headlines - April 1, 2009
p2pnet news — ... infringement case against The Pirate Bay draws to a conclusion. The verdict in that trial, due to be announced April 17, will not be affected by the new law, since only file sharing done after Wednesday will be taken into account. In response to the new law, however, The Pirate Bay site recently launched IPREDator, a new paid service that lets users download “more anonymously.” The service costs 5 euros a month. »»» Once-Mighty SGI Sold to Rackable for $25 Million New York Times A collective shudder ...

End Of The Road For SGI
Techdirt — Big tech companies never completely fade away. At some point, they get acquired for pennies. But, even so, SGI is one of the "big names" that really came about as close to simply fading away as any I can remember. Just this past weekend, I got into a discussion with someone who asked if SGI was even around any more... and just like that, comes the news that SGI filed for bankruptcy protection (yet again) just as it announced that it's being acquired by Rackable for just $25 million. For a company that was once considered a massive darling of Silicon Valley, ...

Roundup: Conficker fizzles, Woz sent packing, SGI goes out with a whimper
VentureBeat — ... SGI sold to Rackable for a mere $25 million — The once might SGI created one of the coolest 3-D applications — like the dinosaurs in Jurassic Park — and it had the best headquarters in Silicon Valley. Now the place is occupied by Google and SGI has finally been put out of its misery with a sale to Rackable. ...

SGI declares bankruptcy, and sold for $25 million
Gizmos for Geeks — ... Sad, but true, Silicon Graphics Inc. recently declared bankruptcy for the 2nd time in 4 years and has now been sold for a mere $25 million to Rackable Systems. Just about a dozen years ago, SGI was pulling in $4 billion/yr. Yes, that’s billion with a ‘b’. ...

Cash in Hand, Technology Giants Go Shopping
NYT > Technology — ... , a smaller server computer maker, announced plans this month to buy Silicon Graphics for $25 million. Like Sun, Silicon Graphics started in 1982, and had been one of the fastest-growing businesses in America during its heyday, selling billions of dollars of computers a year. As the computer business has matured, companies that handcraft products for top performance face a harsh reality: Standard equipment can now handle most business tasks, and what matters most to customers now is large scale — and the low prices that come with it. Over the last decade, H.P. has driven ...

A Decade Later, Intel's Itanium Chip Makes a Profit
NYT > Technology — ... and Bull have struggled to move a meaningful number of Itanium systems. (Rackable Systems ended up buying Silicon Graphics this year for $25 million and adopting the Silicon Graphics name.) In fact, H.P. accounts for more than 90 percent of Itanium server sales, leaving the rest of the Itanium clan to pick up the scraps. Ultimately, this means that Intel has ended up making chips mostly for H.P., and that Itanium, while now profitable, never became the industry-standard that Intel once hoped.