SGI has returned to a major stock exchange for a second go at being a hardware star.

The beleaguered server seller emerged today under the SGIC ticker on the NASDAQ. It handed off 11m new shares in common stock and opened at $20 per share. By day's end, SGIC had dropped 2.5 per cent to $19.50.

The once glorious company was booted off the NYSE in November of 2005 and ended up in the world of penny stocks.

Earlier this month, SGI "blasted out" (http://www.theregister.co.uk/2006/10/18/sgi_out/) of bankruptcy.

The "New SGI" hopes to cater to a broader set of customers by expanding its server, storage and software lines. ®

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