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SGI Faces Bankruptcy

Posted by ryuzaki0 on from the dire-straits dept.

Richard Finney writes " The stock chart tells the story: One time Silicon Valley high-flyer and contender for the Unix crown, SGI stock price dropped 20% on Friday ... deep into penny stock territory ... after releasing fiscal fourth quarter results. The Mountain View, California maker of high end computers is ' exploring financing alternatives with its lender and other sources.' With mounting losses and investors giving ol' Silicon Graphics the thumbs down, things aren't looking good."

4 of 383 comments (clear)

  1. Well.. by sbentmar · · Score: 4, Funny

    They could always sue Linux.

  2. Translation... by iamdrscience · · Score: 4, Funny
    The stock chart tells the story:
    See that's their problem, there's a mutiny going on at Silicon Graphics, the graphics are turning against them!
  3. Re:They should have got into the graphics card mar by Anonymous Coward · · Score: 5, Funny
    Instead they sent girls around in push-up bras selling upgrade licenses.

    Torrent please.

  4. Nerd Typo by iamdrscience · · Score: 4, Funny
    after releasing fiscal forth quarter
    They're still using Forth? No wonder they're going out of business! Keep up with the times, SGI!