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Silicon Graphics files for bankruptcy
By Steve Goldstein
Last Update: 6:49 AM ET May 8, 2006
LONDON (MarketWatch) -- Silicon Graphics (SGID : Silicon Graphics, Inc. has filed for Chapter 11 bankruptcy protection, The Wall Street Journal reported on Monday on its Web site. Silicon Graphics closed Friday at 31.50 cents a share. SGI is known for desktop workstations and larger server systems that are favored by engineers and others who demand sophisticated graphics, including Hollywood studios, the report said. But the company has suffered a long slide, partly due to competition from machines based on standard components used in personal computers, it added.
Silicon Graphics files for bankruptcy
By Steve Goldstein
Last Update: 6:49 AM ET May 8, 2006
LONDON (MarketWatch) -- Silicon Graphics (SGID : Silicon Graphics, Inc. has filed for Chapter 11 bankruptcy protection, The Wall Street Journal reported on Monday on its Web site. Silicon Graphics closed Friday at 31.50 cents a share. SGI is known for desktop workstations and larger server systems that are favored by engineers and others who demand sophisticated graphics, including Hollywood studios, the report said. But the company has suffered a long slide, partly due to competition from machines based on standard components used in personal computers, it added.
posted by Jones Lang LaSalle NJ News Blog at 10:19 AM
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