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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.
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Press release for dummies...
:)
Just shakeing down the house and don't want old debt/management to hinder how we plan to run from now on.
Only the US devision of SGI have filed, rest of world seems to be happy ticking over with what its doing.
I had heard (from the inquirer) that nvidia were looking at biteing a chunk off SGI in their graphics devision, obviousely an old dog can teach a new one some tricks
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Chapter 11 Bankruptcy is not all that bad. I survived a company that went through this. Basically you renegotiate your major debts, likely a bank; and all this little creditors will likely get a pittance. Also, this makes them really very ripe for a quick sale at a very discounted price. They can come back bigger and better than ever without too much pain. I imagine a Google, or a Novell, or a Sun, or a Red Hat might be interested in a quick buy.
Using the Freedom of Speech while I still have it.
how can you possiblly spam /. and forget to mention that Gary Coleman appeared twice in Buck Rogers. You can't even spam well, tisk tisk tisk.
Is this the golden opportunity for Microsoft to shut down OpenGL and Make Direct3D the One True Way to do graphics? Before anyone else says "antitrust", THIS administration wouldn't stop it.
Enquiring minds are curious.
The living have better things to do than to continue hating the dead.