Thursday, April 02, 2009

Once-Mighty SGI Sold to Rackable for $25 Million - Bits Blog - NYTimes.com

More on the RIP, SGI topic – I suppose it also serves as a timely “It could be worse…” scenario for Sun’s senior management team

A collective shudder rippled through Silicon Valley on Wednesday morning, as Rackable Systems announced its purchase of Silicon Graphics Inc. for just $25 million in cash.

If you travel all the way back to 1997, SGI was pulling in close to $4 billion in revenue a year. The company produced some of the flashiest computers on the planet for handling tough graphics jobs. SGI was the next big thing in Silicon Valley, and people adored the company.

See the full post for more

Once-Mighty SGI Sold to Rackable for $25 Million - Bits Blog - NYTimes.com

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