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
-
Fedora 43 Has Finally Landed
The Fedora Linux developers have announced their latest release, Fedora 43.
-
KDE Unleashes Plasma 6.5
The Plasma 6.5 desktop environment is now available with new features, improvements, and the usual bug fixes.
-
Xubuntu Site Possibly Hacked
It appears that the Xubuntu site was hacked and briefly served up a malicious ZIP file from its download page.
-
LMDE 7 Now Available
Linux Mint Debian Edition, version 7, has been officially released and is based on upstream Debian.
-
Linux Kernel 6.16 Reaches EOL
Linux kernel 6.16 has reached its end of life, which means you'll need to upgrade to the next stable release, Linux kernel 6.17.
-
Amazon Ditches Android for a Linux-Based OS
Amazon has migrated from Android to the Linux-based Vega OS for its Fire TV.
-
Cairo Dock 3.6 Now Available for More Compositors
If you're a fan of third-party desktop docks, then the latest release of Cairo Dock with Wayland support is for you.
-
System76 Unleashes Pop!_OS 24.04 Beta
System76's first beta of Pop!_OS 24.04 is an impressive feat.
-
Linux Kernel 6.17 is Available
Linus Torvalds has announced that the latest kernel has been released with plenty of core improvements and even more hardware support.
-
Kali Linux 2025.3 Released with New Hacking Tools
If you're a Kali Linux fan, you'll be glad to know that the third release of this famous pen-testing distribution is now available with updates for key components.