I'd like to think that the following is an April Fools Joke, but given
the recent history of Silicon Graphics, this is probably true:
Today, a legendary Silicon Valley company goes out with a
Rackable Systems (RACK)
that it will buy most of the assets of Silicon
the long-time provider of high-performance computers, for $25
million in cash and the assumption of certain liabilities as part of
a pre-packaged Chapter 11 filing by Silicon
Graphics. the deal is expected to close within 60 days.
Trader Daily - Barron’s Online : End Of An Era: Rackable
Systems To Buy Silicon Graphics For $25 Million; SGIC Holders Likely
To Get Nothing
And with Silicon Graphic's current stock price of 18¢ (no, not $18,
18¢), such a move would put the company out if its misery.
Shame really. I remember using their computers in the 90s. In fact, I
had near exclusive use of one when I worked at FAU and
it was such a sweet machine. Except for having to continually replace the
fan unit. Oh, and the motherboard at least once. And the graphics board.
And the monitor at the end had a decidedly green tinge to it. And that when
new, it cost $35,000.00 but after four years might have been worth $1,500
(even worse than your typical car).
Hmm … when put in those terms …
(Oh, and the title? It's in reference to their little commercial from
the early 90s)
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