[geeks] SGI files Ch11 again, bought by Rackable for $25M

[Joshua Boyd]

On Wed, Apr 01, 2009 at 07:13:37PM +0100, Mark Benson wrote:
> On Wed, Apr 1, 2009 at 4:08 PM, Bill Bradford <mrbill at mrbill.net> wrote:
> > It's not an April Fools joke, and in case you haven't heard:
> >
> > http://www.sunhelp.org/2009/04/01/sgi-sold-to-rackable-systems-for-25m/
> 
> Firstly can I say *ouch* 25M is complete chump change. They either
> have massive debts to clear or they really ain't worth jack save for
> the name.

I believe that 25M is above the market cap.  Their share price has
fallen massively over the last 6 months and they are hemoraging money.
I mean, losses that are about 50% of revenue are ridiculous.
 
> I also think it's a shame, SGI were getting into using large scale
> reprogrammable gate array technology to make re-taskable hardware
> (software at gate level, effectively) to make large supercomputers
> that were re-ncfigurable depending on the task required.

That is a clever idea, but also I think it is a small market.