Slashdot Mirror

← Back to Stories (view on slashdot.org)

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."

2 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?

  2. Re:last time we had financial problems on slashdot by Anonymous Coward · · Score: -1, Troll

    wanker