Monday, July 06, 2009

Once-Mighty SGI Sold to Rackable for $25 Million
By Ashlee Vance
Paul Sakuma/AP

A collective shudder rippled through Silicon Valley on Wednesday morning, as Rackable Systems announced its purchase of Silicon Graphics Inc. for just $25 million in cash.

If you travel all the way back to 1997, SGI was pulling in close to $4 billion in revenue a year. The company produced some of the flashiest computers on the planet for handling tough graphics jobs. SGI was the next big thing in Silicon Valley, and people adored the company.

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