SGI Files for Bankruptcy – No Surprise

I was a strong advocate of moving our lab away from SGI, which was expensive and slow for our purposes, and on to Linux. – Silicon Graphics Files For Chapter 11 Protection

Silicon Graphics Inc., a long-struggling maker of high-performance computers, filed for Chapter 11 bankruptcy protection.

A group of bondholders agreed to trade their debt for a stake in the company, which filed for Chapter 11 protection Monday morning in U.S. Bankruptcy Court in New York.

Silicon Graphics is known for desktop workstations and larger server systems that are favored by engineers and others who demand sophisticated graphics, including Hollywood studios. But the company has suffered a long slide, partly due to competition from machines based on standard components used in personal computers.