Rackable To Acquire Silicon Graphics For $25M

“Silicon Graphics’ bankruptcy filing is not its first. The
company first came out of bankruptcy in 2006 and about a year later
started offering computers with Microsoft (NSDQ: MSFT) HPC
software, which it had hoped would broaden its reach within the
supercomputing marketplace.

“In its latest bankruptcy filing, Silicon Graphics said it still
faced challenges left over from the 2006 restructuring, including a
high cost structure, tougher competition, and delays in introducing
new technology, The Wall Street Journal reported. Silicon Graphics,
which reported $390.5 million in assets and $526.5 million in
debts, said it had also failed to get its products and services
into new markets.

“About a year ago, Silicon Graphics acquired Linux Networx’s
software, patents, and technology, which was expected to advance
Silicon Graphics HPC products further. Linux Networx had software
and several patents in cluster design, power and cooling, and
cluster optimization.”
Wikipedia has a nice history of
SGI— ed.

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