Submit a Story!
Rackable snaps up SGI in $25 million fire sale
Rackable Systems acquired he assets of high-performance computing (HPC) systems vendor Silicon Graphics Inc. (SGI) for just $25 million today, coinciding with SGI’s filing for Chapter 11 bankruptcy According to a press release put out by Rackable : Rackable has signed an Asset ...
Once-Mighty SGI Sold to Rackable for $25 Million
bits.blogs.nytimes.com — SGI was once one of the fastest-growing companies in America. Now it's just another casualty of Silicon... Valley's creative destruction. (more) Once-Mighty SGI Sold to Rackable for $25 Million
Press Releases: Rackable Systems Announces Agreement to Acquire Silicon Graphics Inc.
sgi.com — Rackable Systems Announces Agreement to Acquire Silicon Graphics Inc. FREMONT, CA and SUNNYVALE, CA., April 1, 2009... Rackable Systems, Inc. (NASDAQ:RACK), a leading provider of servers and storage products for medium to large-scale data centers, today ... (more) Press Releases: Rackable Systems Announces Agreement to ...
Rackable Systems
rackable.com — Press Release RACKABLE SYSTEMS ANNOUNCES AGREEMENT TO ACQUIRE SILICON GRAPHICS INC. FREMONT, CA and SUNNYVALE, CA., April... 1, 2009 - Rackable Systems, Inc. (NASDAQ:RACK), a leading provider of servers and storage products for medium to large-scale data ... (more) Rackable Systems
Comments
Related: rackable bought sgi
SGI declares bankruptcy, and sold for $25 millionGizmos 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’. I have fond ...
Rackable Buying SGI Assets May Be Sold For $25M?Slashdot
UnanimousCoward was one of many people to submit a story that might be an April Fools day joke, except that I don't think it is. Rackable Systems has announced that it is buying SGI for the bargain basement price of $25M. Time was that there was little cooler than an SGI workstation. And note to ...
End Of The Road For SGITechdirt
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 ...
Rackable-SGI Deal Will Create Stronger Company, CEO SayseWeek - RSS Feeds
Rackable President and CEO Mark Barrenechea says there is little product overlap between Rackable and SGI, and the $25 million deal will enable Rackable to become a bigger player in such areas HPC and visualization. However, SGI also is in bankruptcy again, and Rackable officials declined to ...
SGI files for Chapter 11, agress to $25m buy-outMacNN | The Macintosh News Network
Silicon Graphics Inc. (SGI), which is in bankruptcy protection, has agreed to sell its business to Rackable Systems Inc. for $25 million, unless it receives a higher bid from elsewhere. Rackable makes servers and data-center storage products and would take on certain liabilities and debts ...
SGI sold to Rackable for $25 MillionBoing Boing Gadgets
Render unto Caesar what is Caesar's, such as the bloodthirsty velociraptor. [Reuters] Presented By: Inside Guantanamo: Sunday at 9P e/p Guantanamo Bay is one of the world's controversial prisons. This may be its final chapter. With unprecedented access, National Geographic has ...
Rackable to Buy SGI for $25 MillioneWeek - RSS Feeds
Rackable is buying troubled SGI for $25 million in cash. Rackables announcement came the same day that SGI filed for bankruptcy protection for the second time in three years. SGI made its name selling big,expensive propriety systems, but has struggled as the market shifted rapidly to ...
How Linux killed SGI (and is poised to kill Sun)CNET News.com
There are some scarily depressing parallels between the once-dominant SGI and Sun Microsystems. The big question is what Sun will be worth in bankruptcy.
Silicon Graphics goes titsup (again)The Register
Instant buy up by Rackable Silicon Graphics Inc. (SGI), the perma-struggling workstation-turned-server-maker, filed for bankruptcy protection today, and was immediately bought by Rackable Systems.… Whitepaper - Accelerating virtualised ...