Rackable Systems to Acquire Bankrupt SGI
Silicon Graphics Incorporated (SGI), the Californian based server manufacturer, has filed for bankruptcy protection and agreed to sell its assets to Rackable Systems Inc.
In March SGI was in danger of losing its place in the NASDAQ due to lack of capital. Now SGI has applied for bankruptcy protection in a new Chapter 11 petition. In an announcement yesterday, Rackable Systems, a company that specializes in server and storage products, agreed to acquire substantially all SGI assets for $25 million in cash. Rackable has also promised to cover any further costs arising from the bankruptcy.
SGI will continue to run its business until the end of the process. Its international business is also included in the SGI/Rackable package, but will not be subject of the bankruptcy.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Linux Mint 20 Reaches EOL
With Linux Mint 20 at its end of life, the time has arrived to upgrade to Linux Mint 22.
-
TuxCare Announces Support for AlmaLinux 9.2
Thanks to TuxCare, AlmaLinux 9.2 (and soon version 9.6) now enjoys years of ongoing patching and compliance.
-
Go-Based Botnet Attacking IoT Devices
Using an SSH credential brute-force attack, the Go-based PumaBot is exploiting IoT devices everywhere.
-
Plasma 6.5 Promises Better Memory Optimization
With the stable Plasma 6.4 on the horizon, KDE has a few new tricks up its sleeve for Plasma 6.5.
-
KaOS 2025.05 Officially Qt5 Free
If you're a fan of independent Linux distributions, the team behind KaOS is proud to announce the latest iteration that includes kernel 6.14 and KDE's Plasma 6.3.5.
-
Linux Kernel 6.15 Now Available
The latest Linux kernel is now available with several new features/improvements and the usual bug fixes.
-
Microsoft Makes Surprising WSL Announcement
In a move that might surprise some users, Microsoft has made Windows Subsystem for Linux open source.
-
Red Hat Releases RHEL 10 Early
Red Hat quietly rolled out the official release of RHEL 10.0 a bit early.
-
openSUSE Joins End of 10
openSUSE has decided to not only join the End of 10 movement but it also will no longer support the Deepin Desktop Environment.
-
New Version of Flatpak Released
Flatpak 1.16.1 is now available as the latest, stable version with various improvements.