Thursday, April 02, 2009

RIP SGI


Rackable Systems, Inc. (NASDAQ:RACK), a leading provider of servers and storage products for medium to large-scale data centers, today announced its agreement to acquire substantially all the assets of Silicon Graphics, Inc. (SGI) (NASDAQ: SGIC) for approximately $25 million in cash, subject to adjustment in certain circumstances, plus the assumption of certain liabilities associated with the acquired assets.


$25 million is diddly squat.

End of an era. There's nada distinctive for SGI to reemerge from Rackable (a la Cray).

This has also been a looooong time coming.

1 comment:

Unknown said...

It's weird. It's a loss, but not as much a loss had SGI stuck with MIPS and actually made R18000s.

So it goes. It now joins the shelf which includes Be, Inc., filed under supernovae...

...in the Twilight Zone.