As requirements for enterprise and high-performance computing continue to converge due to unabated data growth in both markets, Silicon Graphics (OTC: SGID – News) today announced the industry’s first 4-gigabit Fibre Channel-based storage system designed for the mid-range market: the SGI

Silicon Graphics (OTC Bulletin Board: SGID) today announced updated preliminary results for its third fiscal quarter which ended March 31, 2006. The financial information included in this release is preliminary in that it does not reflect any potential adjustments that may be required to our interim condensed consolidated financial statements as of and for the three and nine months ended March 31, 2006, following the completion of an asset impairment evaluation that must be performed in order for those financial statements to be stated in accordance with U.S. generally accepted accounting principles.
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Silicon Graphics (OTC: SGID) today announced that it has reached an agreement with all of its Senior Secured bank lenders and with holders of a significant amount of its Senior Secured debt on the terms of a reorganization plan that will reduce its debt by approximately $250 million, greatly simplifying its capital structure.
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Silicon Graphics Inc., a long-struggling maker of high-performance computers, filed for Chapter 11 bankruptcy protection.
SGI is known for desktop workstations and larger server systems that are favored by engineers and others who demand sophisticated graphics, including Hollywood studios. But the company has suffered a long slide, partly due to competition from machines based on standard components used in personal computers.
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Graduate students at the Institute of Aerospace Studies (IAS) at the University of Toronto are using a 32-processor SGI Altix 3700 compute server to create wing designs with the potential of reducing drag and increasing fuel efficiency on commercial aircraft. Using computational fluid dynamics (CFD) coupled with a detailed structural model, they are finding ways to improve the interaction between the airflow over the wing and the wing itself by optimizing the shape of the wing. The Institute uses technology from Silicon Graphics and multidisciplinary design optimization (MDO) techniques to create wing designs that satisfy multiple requirements such as lift, strength, and stability.
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