Rackable Systems

  • Silicon Graphics Declares Bankruptcy and Sells Itself For $25 Million

    Sadly, this is no April Fool’s joke. Silicon Graphics, the high-end computer computer workstation and server company founded by Jim Clark in 1982, today declared bankruptcy and sold itself to Rackable Systems for $25 million plus the assumption of “certain liabilities.” In its bankruptcy filing, SGI listed debt of $526 million. A decade ago, SGI’s revenues peaked at… Read More