[rescue] SGI files for bankruptcy
patrick at zill.net
Mon May 8 09:32:47 CDT 2006
Computer maker Silicon Graphics filed for Chapter 11 bankruptcy
protection after a round of restructuring measures failed, according to
court papers filed on Monday.
The company said it had been challenged by delays in introducing new
technology, a focus on more specialized markets and more intense
competition from larger rivals. Silicon Graphics filed for bankruptcy
protection in the U.S. Bankruptcy Court for the Southern District of New
"Credit for the bankruptcy goes to Rick Belluzzo and the other morons
who thought Microsoft could write a server-level OS that would scale
past 4 processors."
More information about the rescue