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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. No surprise. by slashdotnickname · · Score: 0, Troll

    A more powerful PC, with high-end video card, easily outprices SGIs nowadays, so it's no surprise.

    The next question is, with SGI on it's way out, where will Apple get it's new ideas from?