Shortly before SGI chief Rick Belluzzo joined Microsoft, he made three fateful decisions that appear to have sealed the great company’s fate. We discussed these here this week.
Now a former staffer who lived through the brief Belluzzo era has this to add to the intrigue. It’s news to us, and the implications are … well, read on.
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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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