Originally featured on BroadcastEngineering.com
SGI emerges from bankruptcy set to reinvent business
After less than six months under court protection, Silicon Graphics last week emerged from Chapter 11 bankruptcy protection last week as a reinvented company.
With the help of a new infusion of capital and guided by a new board of directors, the computer company has introduced new server, storage and services solutions. The SGI once known for its cutting-edge computer graphics is now moving to computer products in an attempt to appeal to a broader group of customers. Among the company’s new target markets is archiving and content management.
As it relaunched under the leadership of CEO Dennis McKenna, the Mountain View, CA, -based company has eliminated long-term debt and raised $115 million to help it through the transition out of bankruptcy.