sgi.com - 4/1/2009
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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 ...
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Press Releases: Rackable Systems Announces Agreement to ...
online.wsj.com - 4/1/2009
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online.wsj.com —
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Silicon Graphics Seeks Chapter 11, Agrees to Sale
reuters.com - 4/1/2009
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reuters.com —
* Rackable to buy Silicon Graphics' assets *
Silicon Graphics lists total debt of $526.5 mln *
Transaction expected to close within 60 days * Silicon Graphics shares fall 39 pct in pre-market trade (Rewrites; adds Rackable deal, more details) April 1 ...
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UPDATE 2-Rackable Systems to buy Silicon Graphics for ...
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End Of An Era: Rackable Systems To Buy Silicon Graphics For $25 Million; SGIC Holders Likely To Get Nothing
WSJ.com: Tech Trader Daily —
... a fizzle.
Rackable Systems (RACK) announced that it will buy most of the assets of Silicon Graphics (SGIC), the long-time provider of high-performance computers, for $25 million in cash and the assumption of certain liabilities as part of a pre-packaged Chapter 11 filing by Silicon Graphics. the deal is expected to close within 60 days.
Current SGI shares appear likely to be worthless, according to an 8-K filing by Silicon Graphics:
The assets to be acquired do not ...
Chapter 11, in Which SGI Sells Itself to Rackable
Digital Daily —
... analysts scrambled to upgrade ratings and future earnings forecasts.
– Silicon Graphics’ Hot Run Goes On, New York Times, 1994
Time was there was an Silicon Graphics (SGIC) workstation on every desk in computationally-intense industries like chemistry and film production. No longer. Cheap Linux boxes have rendered them obsolete and SGI, the company, along with them. This morning SGI, which recently endured a brace of layoffs, filed for bankruptcy protection a second time and sold itself to Rackable ...
Related: solar silicon
Daily Sprout —
Earth2Tech
Sunset for Solar?: Solar companies and investors who planned for silicon that was scarce and high-priced must adjust their business models for a glut that looms larger than most anyone expected. First Solar and other low-cost panel makers now face growing pressure on margins. — Barrons ...