SGI to sell itself for just $25m, throw huge sadness party

Source: http://www.engadget.com/2009/04/02/sgi-to-sell-itself-for-just-25m-throw-huge-sadness-party/

Man, the difference a few years decades makes. In the 90s, Silicon Graphics helped create silver screen mega-hits like Jurassic Park and Terminator 2, and in 1997, its fiscal year sales totaled $3.66 billion. Today, the company's mired in its second bankruptcy, which has occurred just three years after the first. In order to just terminate the dream before it gets any more nightmarish, SGI has announced plans to sell itself to Fremont-based Rackable Systems for a mere $25 million -- and some analysts are even concerned that the suitor here could be sinking its teeth into a sour deal. The agreement still has to be approved by a bankruptcy judge, and of course, there's still a few more inches of red tape to cut through, but we'll be sure to let you know when the fantasy ends and the wake begins.

Filed under: Desktops

SGI to sell itself for just $25m, throw huge sadness party originally appeared on Engadget on Thu, 02 Apr 2009 17:06:00 EST. Please see our terms for use of feeds.

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