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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."

1 of 383 comments (clear)

  1. Has Netcraft confirmed this? by abirdman · · Score: -1, Offtopic

    I for one won't believe it until Netcraft confirms SGI's demise...

    Too bad though-- less competition is never good for the market.

    --
    Everything I've ever learned the hard way was based on a statistically invalid sample.