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Blogs about SGI

Blogs	Description	Date Updated
Earnings Roundup: CBEY, DOX, MFLX, SGI	Earn, baby, earn. Here are four more earnings reports from Wednesday afternoon: Cbeyond (CBEY): A provider of managed telecom services, CBEY posted Q3 revenue of $106 million, up 17.4% from a year ago, but a bit below the Street at $106.5 million. The company lost 3 cents a share in the quarter, a penny more than expected. For the full year, CBEY trimmed its revenue guidance to $415 million from $420 million. Nonetheless, in late trading, CBEY rose 21 cents, or 1.6%, to $13.15. Amdocs (DOX): Th...	November 04, 2009
Rackable Q1 Revs Beat Estimates; But Margins Crater	Rackable Systems (RACK) posted Q1 revenues of $44.4 million, up from $39.8 million in the fourth quarter, but off from 67.8 million a year ago. The Street had been expecting $39.2 million. The server company’s strong top line was more than offset by weak profitability: non-GAAP gross margin was 6.3%, down from 15.1% in Q4, and 26.4% a year ago. The company blamed the weaker margins on aggressive pricing intended to reduce high cost inventories of certain components, revenue mix issues and ...	May 05, 2009
Silicon Graphics dies . . . finally	Filed under: Google (GOOG), TechnologyLooking back at the history of high technology, there are countless examples of hyper-growth companies that eventually faded into nothingness. Examples include WordPerfect, Wang, DEC and on and on.Yes, it's life in the tech fast lane.And, this week we got some more road kill: Silicon Graphics (SGI) sold out to Rackable Systems (NASDAQ: RACK) for a measly $25 million.Founded in 1982, SGI quickly found its growth groove. Then again, the company's mastermind wa...	April 02, 2009
Silicon Graphics Declares Bankruptcy and Sells Itself For $25 Million	Sadly, this is no April Fool's joke. Silicon Graphics, the high-end computer computer workstation and server company founded by Jim Clark in 1982, today declared bankruptcy and sold itself to Rackable Systems for $25 million plus the assumption of "certain liabilities." In its bankruptcy filing, SGI listed debt of $526 million. A decade ago, SGI's revenues peaked at about $4 billion a year. Now it will be lucky to make one tenth of that, with a revenue run-rate of less than $400 million, a...	April 01, 2009
End Of An Era: Rackable Systems To Buy Silicon Graphics For $25 Million; SGIC Holders Likely To Get Nothing	Today, a legendary Silicon Valley company goes out with a fizzle. Rackable Systems (RACK) announced that it will buy most of the assets of Silicon Graphics (SGIC), 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. Current SGI shares appear likely to be worthless, according to an 8-K filing by Silicon Graphics: The ass...	April 01, 2009
Andreessen on Charlie Rose: “I Am Creating A Fund.” (Full Video)	Marc Andreessen appeared on Charlie Rose last night. (The entire interview is embedded above). He gave Rose a primer on everything from Facebook and cloud computing to the mobile Web. But he also tells Rose: “I’m creating a fund.” Actually, Andreessen is creating it with his investing partner Ben Horowitz, and it will formalize the angel investing he has been doing on his own for the past several years. It will be called Andreessen Horowitz. From the transcript: Charli...	February 20, 2009

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