The Register: SGI to Emerge from Bankruptcy Cocoon

"SGI is ready to become emergent all over again. A judge has okayed the company's reorganization plan, paving the way for it to come out of bankruptcy protection in October.

"The 'new' SGI will be a trimmed down version of its former self with just 1,600 staff. In addition, it will have a new board of directors to complement new CEO Dennis McKenna. With so much newness on its side, SGI expects to reach profitability in fiscal 2007..."

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