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On April 1, 2009, SGI filed for Chapter 11 bankruptcy protection and announced that it would sell substantially all of its assets to Rackable Systems, a deal finalized on May 11, 2009, with Rackable assuming the name Silicon Graphics International. The remains of Silicon Graphics, Inc. became Graphics Properties Holdings, Inc.
Silicon Graphics Inc, pioneer in computerized special effects for movies, files for bankruptcy protection; agrees to give noteholders majority stake in company and cut $250 million in debt (M)...
In March 2000, SGI finally sold off the Cray brand and its Cray product line to Tera Computer Company for $35 million and a million shares. In September of that year, the floundering 3D graphics...
The company was founded as Rackable Systems in 1999, but adopted the "SGI" name in 2009 after acquiring Silicon Graphics Inc. out of bankruptcy. On November 1, 2016, Hewlett Packard Enterprise completed its acquisition of SGI for $275 million.
May 9, 2006 · Silicon Graphics Inc., a pioneer in computerized special effects for movies like "Jurassic Park," filed for bankruptcy protection yesterday, with an agreement to give noteholders a majority...
May 8, 2006 · High-performance computing vendor Silicon Graphics Inc. today filed for Chapter 11 bankruptcy protection as it continues recent efforts to revamp itself and regain profitability.
May 9, 2006 · Silicon Graphics Inc., a pioneer in computerized special effects for movies like "Jurassic Park," filed for bankruptcy protection yesterday, with an agreement to give noteholders a majority...
