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:CNET News: SGI Exits Bankruptcy Protection
CNET News: SGI Exits Bankruptcy Protection
Oct 18, 2006, 15 :00 UTC (1 Talkback[s]) (5370 reads)

"Silicon Graphics exited Chapter 11 bankruptcy protection on Tuesday with a new board of directors and new funding to try to restore its faltering high-end computer business.

"The Mountain View, Calif.-based company, once a Silicon Valley icon, eliminated its long-term debt and raised $115 million to help it through the transition out of bankruptcy protection. The funding arrangements, through Morgan Stanley Senior Funding and General Electric Capital, also include an $85 million loan and a $30 million revolving line of credit, the company said..."

Complete Story

Related Stories:
The Register: SGI to Emerge from Bankruptcy Cocoon(Sep 21, 2006)
Enterprise Unix Roundup: R.I.P, IRIX(Sep 13, 2006)
Heise Online: SGI to Discontinue MIPS/IRIX Line(Sep 06, 2006)
Heise Online: SGI Reports Linux-Aided World Record(Aug 02, 2006)


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  Talkback(s) Name  and Date
Into bankruptcy in May, out again in Sep ...   Quick turnaround   
Wendell Cochan
Oct 18, 2006, 19:22:21
 
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