1 Apr
2009
1 Apr
'09
8:48 a.m.
For those Silicon Graphics people out there:
http://blogs.barrons.com/techtraderdaily/2009/04/01/end-of-an-era-rackable-…
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=SGIC.W&tim…
Rackable Systems, Inc. Announces Agreement To Acquire Silicon Graphics Inc
7:48am EDT
Rackable Systems, Inc. announced its agreement to acquire
substantially all the assets of Silicon Graphics, Inc. (SGI) for
approximately $25 million in cash, subject to adjustment in certain
circumstances, plus the assumption of certain liabilities associated
with the acquired assets.
Silicon Graphics, Inc. Files For Chapter 11 Bankruptcy-Reuters
6:44am EDT
Reuters reported that Silicon Graphics, Inc. filed for bankruptcy
protection in a New York court. The Company listed assets of $390.5
million and total debt of $526.5 million in its Chapter 11 filing.