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SGI Warns That Bankruptcy Might Be Year-End Option

Posted by ryuzaki0 on from the one-foot-in-the-grave dept.

tbcpp writes "OS News reports: "SGI issued its most ominous regulatory filing to date, warning that a bad 2006 could force the former high-flyer into bankruptcy. In order to improve its business, SGI will consider measures ranging from axing or selling off product lines to pursuing 'a strategic partner or acquirer.' The hardware maker will basically look at anything and everything to remain a going concern.""

1 of 307 comments (clear)

  1. Re:No, RICK BELLUZZO KILLED SGI by Anonymous Coward · · Score: 5, Informative

    Yep. I have to agree with that. Instead of continuing Mips R10/12k development and continuing with IRIX, Belluzzo told all the engineers taht Mips and IRIX were dead... before there was anythign to switch to! I could hear the resumes being updated even as he spoke.

    SGI's greatest asset was its amazing engineers. Many strategies would have been possible for a management team that understood the power of the people SGI has in their engineering organization. Belluzzo was a commodity, cookie cutter guy. He couldn't create his way out of a paper bag. Good riddance.

        Steve, a former SGI system software developer