Bye-Bye SGI: Former Workstation Giant Bankrupt

Back in the day, some of us older codgers here at Gizmodo used to drop our jaws at whatever SGI would do. But now, Silicon Graphics Inc. has filed for Chapter 11 bankruptcy, and things aren't looking good for the once-dominant giant of the techno-mofo workstation industry. SGI will restructure in an attempt to keep away those vultures to whom it owes money, until the company can figure out something. Why did this happen? According to SGI, the company was...

"...challenged by delays in introducing new technology, a focus on more specialized markets and more intense competition from larger rivals."
SGI used to be the bad boys who would astonish everyone with multiprocessor monster workstations, usually costing well over $100,000. Now similar computing power is available hanging in packages on either side of the checkout line at Wal-Mart. Bye-bye, SGI.

Silicon Graphics goes titsup [The Register]