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reuters.com - 4/1/2009
UPDATE 2-Rackable Systems to buy Silicon Graphics for $25 mln
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* 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 (Reuters) - Server and data storage products ...
bits.blogs.nytimes.com - 4/1/2009
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

Comments vote down Between the Lines found this 4/1/2009found this
sgi.com - 4/1/2009
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 ...
Comments vote down Wired: Epicenter found this 4/1/2009found this
rackable.com - 4/1/2009
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 vote down TechWeb found this 4/1/2009found this

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Wired: Epicenter:  Silicon Graphics Sells to Rackable Systems

Boing Boing Gadgets:  SGI sold to Rackable for $25 Million

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Silicon Graphics Sells to Rackable Systems
Wired: Epicenter — ... Silicon Graphics has agreed to be acquired by Rackable Systems for about $25 billion in cash, a merger of convenience for the two data and storage companies. SGI filed for Chapter 11 bankruptcy in a New York court as part of the process, listing assets of $390.5 million and total debt of $526.5 million, Reuters reports. ...

SGI sold to Rackable for $25 Million
Boing 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 ...

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Rackable snaps up SGI in $25 million fire sale
itknowledgeexchange.techtarget.com 4/1/2009 — 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 ...
SGI files for Chapter 11, agress to $25m buy-out — MacNN | 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 ...
Jim Clark’s Former Venture Silicon Graphics Sold To Rackable For $25 Million — Pulse2 - Technology News And Reviews
Jim Clark is having a great life right now. He recently got married and now a company that he started back in the 1990’s has just been sold. Aside from starting Netscape and Healtheon, Clark also started a company called Silicon Graphics . Rackable Systems acquired Silicon Graphics ...
Game Over For Silicon Graphics — Ubergizmo
Silicon Graphics (SGI), the pioneer in hardware accelerated computer graphics is selling itself to Rackable Systems for $25M in cash. On the same day, SGI has filed for bankruptcy. Rackable gets Silicon Graphics's intellectual properties for building high-performance computing and storage.  ...
First GM, now Silicon Graphics. Lessons learned? — Coop's Corner
It was to be expected. When a one-time tech powerhouse winds up bankrupt and sold off for chump change, that's bound to ignite the daily bloviation fest. So it was that one and all are today offering their dutiful ruminations on the cosmic import of SGI's acquisition by Rackable Systems ...
Chapter 11, in Which SGI Sells Itself to Rackable — Digital Daily
Lately Silicon Graphics Inc. has had the kind of upward momentum associated with the hit movies produced with its wizzy high-powered work stations, like “Terminator 2: Judgment Day” and “Jurassic Park.” After the company outperformed Wall Street’s earnings ...
Silicon Graphics Declares Bankruptcy and Sells Itself For $25 Million — TechCrunch
Sadly, this is no April Fool's joke. Silicon Graphics, the high-end computer computer workstation and server company founded by Jim Clark in 1982, today declared bankruptcy and sold itself to Rackable Systems for $25 million plus the assumption of "certain liabilities." In its bankruptcy ...
End Of An Era: Rackable Systems To Buy Silicon Graphics For $25 Million; SGIC Holders Likely To Get Nothing — BARRONS.com: Tech Trader Daily
Today, a legendary Silicon Valley company goes out with 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 ...
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, ...
Rackable to Buy SGI for $25 Million — eWeek - 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 ...
Once-Mighty SGI Sold to Rackable for $25 Million — Bits
SGI was once one of the fastest-growing companies in America. Now it's just another casualty of Silicon Valley's creative destruction.
SGI sold to Rackable Systems for $25M, conditionally — TG Daily - All News
Silicon Graphics Inc. (SGI) has reportedly agreed to sell its business to Rackable Systems for $25 million after returning to court today for bankruptcy protection. The sale is conditional upon higher bids offered at auction, and Rackable will also assume a portion of SGI's outstanding debt.
Rackable Vows to Outlast Price War With Dell — Bits
The fight for the server business of Web 2.0 companies remains brutal, but Rackable said it is in for the long haul.
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 ...