Brief: SGI Emerges From Bankruptcy 'Lean And Ready'
The former Silicon Graphics credits a new management team, a re-engineered business model, a stronger product line, and new sources of funding.
Emerging from bankruptcy proceedings this week, supercomputer maker SGI says its product line didn't miss a beat during the six-month reorganization period.
Originally called Silicon Graphics, the company said it has reengineered its business model and strengthened its product line. SGI is touting a new management team, a new board of directors and new sources of funding. SGI has been recapitalized, has a balanced operating budget, and $115 million in exit financing, the company said.
"The expansive SGI product line enables the company, for the first time, to address up to 80 percent of a customer's total information technology spend," said CEO Dennis McKenna in a prepared statement.
SGI noted that it recently introduced the SGI Altix XE family of x86-64 servers and clusters that run on dual-core Intel Xeon processors. SGI also has recently enhanced its Linux clusters and blade servers. Some SGI servers run on Intel Itanium 2 processors.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.