Feeds

SGI to emerge from bankruptcy cocoon

Like a crippled butterfly

Beginner's guide to SSL certificates

SGI is ready to become emergent all over again. A judge has okayed the company's reorganization plan, paving the way for it to come out of bankruptcy protection in October.

The "new" SGI will be a trimmed down version of its former self with just 1,600 staff. In addition, it will have a new board of directors to complement new CEO Dennis McKenna. With so much newness on its side, SGI expects to reach profitability in fiscal 2007.

But the one-time visualization darling still faces plenty of old challenges. It has to prove that its Itanium server line can deliver meaningful sales – a quest that benefits from Intel's recent release of a dual-core Itanic processor. In addition, SGI has to get a fresh Xeon-based server line moving.

SGI's Xeon-only stance remains curious given trends in the server market. The company wants to expand beyond its engineering and scientific computing roots to tempt more mainstream customers with memory-rich boxes.

But by ignoring Opteron, SGI limits its options. AMD has assembled an impressive group of component partners willing to make accelerators and networking gear that slot into Opteron-based motherboards. Such add-ons could be very attractive to the horsepower hungry customers SGI wants to tempt.

Rivals HP, IBM, Sun Microsystems and Dell all seem aware of Opteron's benefits. But we're sure SGI knows what it's doing.

"This is a great day for SGI," McKenna said. "I want to thank our customers, vendors, and employees for supporting the company through this challenging period."

Morgan Stanley and General Electric Capital have chipped in $115m to get SGI through its bankruptcy emergence machinations. ®

Internet Security Threat Report 2014

More from The Register

next story
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.