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Files For Bankruptcy protection while they reorg

SGI pretty much was the big dog when it came to graphics back in the 80s. Then people started making video cards that would plut into PCs that were pretty good. Then PCs started adding focusing on graphcs which was SGI’s forte. now they are essentially without a market which of course means they have low market share in all the markets in which they try to compete.

SGI bought out the remnants of Cray Supercomputer so they will have a special place in my heart for that. But I’m not quite so confident that they can pull thigns together enough to remain a bran that people will care about. I wonder if they are just trying to make themselves look interesting enough for a buy out from someone else.

Date: 2006-05-09 02:47 pm (UTC)
From: [identity profile] johnkzin.livejournal.com
They exist for government support contracts these days.

Their stock revives slightly every time the govt gets a new support contract or buys a new round of their high end rendering machines (which are still pretty damn amazing supercomputers, but so tightly into a niche market that pretty much only the govt buys them). Then a short while later the stock tanks and stays there until the next round of govt contracts are up.

Kinda sad. I too remember the SGI of the late 80's and mid 90's. Then they got their CEO in the late 90's who tried to turn them into a Windows oriented company, and that was just about the end of them. I was amazed they survived the dot-bomb, even though they had been a pre-dot-com-boom company.

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Vernard Martin

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