Web search leader Google Inc. said on Wednesday it plans to pay $319 million for property and buildings, including its headquarters in Mountain View, California, to accommodate a growing work force.
The purchases includes Google’s existing headquarters at 1600 Amphitheatre Parkway, which the company had been subleasing, and nearby buildings that are home to Silicon Graphics Inc., formerly a successful Silicon Valley technology firm that is now in bankruptcy.
While Google will now own the buildings outright, it will also assume Silicon Graphics’ lease payments to the city of Mountain View, which owns the land, spokesman Barry Schnitt said. The properties together total about 978,000 square feet, Google said.
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SILICON GRAPHICS (SGI) has plumped for Intel

Dennis McKenna has been in one of the technology industry’s most thankless jobs for five months. No, he’s not in Itanium marketing, or even Wikipedia’s press officer. The CEO has the task of nursing one of Silicon Valley’s most storied names, Silicon Graphics Inc., out of bankruptcy. And as you might expect, he reckons the only way for yesterday’s Google is up.
McKenna was in London outlining his plans this week, and he dwelt tantalizingly, and briefly, on some of the issues we’ve highlighted recently. Particularly Rick Belluzo’s brief trail of destruction through the company. But more on that in a moment.
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In the race to
fight AIDS, researchers have long worked to view the moments at which
“starter molecules” for HIV are most vulnerable to new drugs. With help
from the National Center for Supercomputing Applications (NCSA) and Silicon
Graphics (OTC: SGIDE), a group of scientists from Stony Brook University in New York have done just that. The breakthrough comes as the world marks the 25th anniversary of the discovery of HIV.
Working on an SGI(R) Altix(R) system located at NCSA, the Stony Brook team recently achieved computer simulations that offer insight into the mechanics of HIV protease, a molecule that slices the pre-HIV protein chain into pieces that ultimately evolve into a mature virus. By modeling how HIV protease works across time, researchers hope to determine how best to target it with medicines that could stop the molecule from doing its job and thus prevent the HIV virus from developing altogether.
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Silicon Graphics (OTC: SGIDE) today announced that it has reached agreement with Morgan Stanley on a $130 million financing facility. The new financing
agreement, which will be used to fund day-to-day operations during the Company’s previously announced reorganization process, will consist of a $100 million term loan and a $30 million revolving line of credit. The new financing agreement will replace the $70 million financing facility, announced on May 8, 2006, and the pre-petition credit facility with Wells Fargo Foothill, part of Wells Fargo & Company, and Ableco Finance LLC.
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