SGI files for bankruptcy

[Steve]

High-end workstation and server maker SGI has filed for chapter 11 bankruptcy protection with the US bankruptcy court. Over recent times the company has been under competition from other companies offering similar solutions with more standard (yet increasingly fast) hardware.

The Mountain View, Calif., company, which employs more than 1,800 people world-wide, listed assets of $369.4 million and debt of $664.3 million in its bankruptcy filing. Earlier this year, Silicon Graphics replaced its top executive amid widening losses and lower revenue. It posted a $76 million net loss on sales of $730 million in 2005.

[Wall Street Journal]

Found via Slashdot.

[alsenior]

noooooooooo sgi machines used to rule
infortunaly they were destroyed by cheap x86 linux hardware
long live sgi in whatever form it comes back in

[TheAnimus]

aye RIP, i remeber the first time i got to play on a flightsim that was running on silicon graphics hardware

[dave87]

Isn't Chapter 11 Bankruptcy what most of the US airlines are in? If I'm right that means they intend to trade their way out of debt, and therefore SGI will be with us for a while longer

[directhex]

maybe now they'll stop calling me to talk about "added value" ("high prices" in normal speak)