SGI Files Chapter 11 Bankruptcy

audi100quattro writes "The WSJ has a story about SGI filing for bankruptcy, but the SGI Investor's Relation page doesn't say anything." Nothing else really known at this point, but this is not unexpected.

Comments

Re:Does this suprise anyone?

[FuzzyDaddy]

I used to work in the military simulation business about six years ago. SGI used to be the dominant player for real time graphics for the visuals for things like flight simulators. Even then, their fortunes were declining. The fundemental problem was that the problem in military simulation was not getting harder, and the commodity hardware was getting to the level of being able to handle it. People now longer had to pay the premium for the SGI equipment.

I don't think they stopped doing what they were doing - they just never came up with a strategy to handle the new reality.