Silicon Graphics Emerges From Ch. 11 Protection

Law360, New York (October 18, 2006, 12:00 AM EDT) -- High-powered computer company Silicon Graphics Inc. broke out of Chapter 11 protection after an incredibly short bankruptcy of six months, the company announced Tuesday.

The reorganized Silicon Graphics will have a new board of directors, $150 million less in annual costs and a bolstered product portfolio, the company said.

“In these past six months, everyone at SGI has worked intensely to remake the organization into one engineered for stability and growth with innovative new products targeting the largest market opportunities in the history of the company,”...
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