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Silicon Graphics Sells to Rackable Systems
Wired: Epicenter — ... Rackable also announced that it had suspended its previously announced program including the repurchase of up to $40 million of the company's stock, according to an SGI statement. ...

Rackable acquires Silicon Graphics for $25 million
Between the Lines — ... Leading server and data center provider Rackable Systems, Inc. announced today that it will acquire 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 ...

Chapter 11, in Which SGI Sells Itself to Rackable
Digital Daily — ... “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 reach.” ...

First GM, now Silicon Graphics. Lessons learned?
Coop's Corner — ... So it was that one and all are today offering their dutiful ruminations on the cosmic import of SGI's acquisition by Rackable Systems ... ...

Silicon Graphics Sold To Rackable For Peanuts [GigaOM]
GigaOM Network — ... , Jim Clark, the 65-year-old maverick entrepreneur well known for starting companies such as Netscape and Healtheon, tied the knot with 28-year-old Australian supermodel Kristy Hinze. The odd coupling mirrors today’s strange wedding of Clark’s first major company, Silicon Graphics and the little-known server-making upstart Rackable Systems. SGI filed for bankruptcy and was sold to Rackable for $25 million. ...