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Rackable To Acquire Silicon Graphics For $25M

Apr 02, 2009, 20:02 (0 Talkback[s])
(Other stories by Antone Gonsalves)

"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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