Archive notice: This article was originally published on October 18, 2006. Links and embedded videos are preserved as part of the historical record.
Just under half a year ago, the American manufacturer SGI had to place itself under creditor protection while insolvent. In the meantime, the company, which for years had held almost a monopoly on high-quality graphics workstations, managed to obtain new loans worth 115 million dollars (around 92 million euros) and settle older obligations. Through restructuring that brought new management and a new supervisory board, but also cost around 250 employees their jobs, SGI was also able to reduce its costs massively.
After US bankruptcy judge Burton Lifland considered the new corporate structure viable in New York in September, SGI can now leave “Chapter 11” protection, but must continue to observe some conditions.
The rehabilitation also brought the end of the company’s own Irix operating system and the typical high-end workstations. SGI is now relying on Linux and Intel-based computers.
Business areas are now servers, data management and storage solutions.
Further Links:
- SGI
