News
News
10/18/2006
03:07 PM
Connect Directly
RSS
E-Mail
50%
50%

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.

Comment  | 
Print  | 
More Insights
The Business of Going Digital
The Business of Going Digital
Digital 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.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest - July 22, 2014
Sophisticated attacks demand real-time risk management and continuous monitoring. Here's how federal agencies are meeting that challenge.
Flash Poll
Video
Slideshows
Twitter Feed
InformationWeek Radio
Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.