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 fizzle.
**Rackable Systems** (RACK) [1] announced [2] that it will buy most of the assets of **Silicon Graphics** (SGIC) [3], 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.
“Tech Trader Daily - Barron’s Online : End Of An Era: Rackable Systems To Buy Silicon Graphics For $25 Million; SGIC Holders Likely To Get Nothing [4]”
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 (Florida Atlantic University) [5] 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 [6] from the early 90s)
[1] http://online.barrons.com/quotes/main.html?symbol=rack
[2] http://finance.yahoo.com/news/Rackable-Systems-
[3] http://online.barrons.com/quotes/main.html?symbol=sgic
[4] http://blogs.barrons.com/techtraderdaily/2009/04/01/end-of-an-era-