SGI Files for Chapter 11 Bankruptcy Protection

May 8 2006, 9:46am CDT | by Luigi Lugmayr

I always find the press-release headlines of bankruptcy announcements very creative. SGI calls it's failure 'SGI Takes Action to Reduce Debt'.

Silicon Graphics (SGI) was once the promise of the virtual reality future. Around 1995 I was working on an Onyx graphics monster. It had something really mystical and exciting. The coolness has long left SGI. Maybe the new management can bring the company back on track again. If you are a current SGI customer you can try to find comfort in this SGI press-release.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.