Wednesday, April 1, 2009
Chapter 11, in Which SGI Sells Itself to Rackable
Time was, there was a Silicon Graphics workstation on every desk in computationally-intense industries like chemistry and film production. No longer. This morning, SGI, which recently endured a brace of layoffs, filed for bankruptcy protection for a second time and sold itself to Rackable Systems, which makes server and storage products for midsize and large data centers, for $25 million in cash.




