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Chapter 11 bankruptcy
- Silicon Graphics Inc. has filed for chapter 11 bankruptcy and will embark on a major reorganization in a bid to reduce its debt by $250 million, the company announced today. The move comes after years of uncertainty surrounding the Mountain View company known as a pioneer in visualization technology.
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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.
Apr 8, 2024 · None of this was effective, naturally, and ultimately SGI would file (again) for Chapter 11 bankruptcy in 2009, with Rackable Systems snapping up its assets and renaming itself to SGI, before ...
Nov 10, 2022 · SGI turned around and sold the division to Sun Microsystems that May, only three months after the acquisition, but retained the Cray branding. Although the details of the deal remain undisclosed ...
- Cal Jeffrey
Oct 18, 2006 · Silicon Graphics filed for bankruptcy protection from creditors in May, two months after announcing it would reduce its global workforce by about 250 employees, or 12 percent, by year’s end to cut...
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.
A video overview of the complete history of Silicon Graphics Inc. (SGI), from their founding in 1982 through to their final bankruptcy in 2009. This video is...
- 39 min
- 197.6K
- Dodoid
Mar 13, 2023 · When Silicon Valley Bank collapsed on Friday, it created the second-largest bank failure in US history. Here's how it all came tumbling down: As the bank grew to be the 16th largest in...
