GCN Tech Blog

By GCN Staff

Blog archive

SGI returns from bankruptcy

Less than six months after declaring bankruptcy, SGI of Mountain View Calif., has successfully completed its plan of reorganization, allowing it to jump back onto NASDAQ.

According to the company's rather enthusiastic press release, SGI has balanced its operating budget, put some millions into the war chest and introduced some new products, such as a line of Network Attached Storage appliances.

While this news bodes well for those agencies committed to running the SGI big iron, the company itself still has an uphill battle ahead, skeptics note.

Posted by Joab Jackson on Oct 30, 2006 at 9:39 AM


Featured

  • IT Modernization
    shutterstock image By enzozo; photo ID: 319763930

    OMB provides key guidance for TMF proposals amid surge in submissions

    Deputy Federal CIO Maria Roat details what makes for a winning Technology Modernization Fund proposal as agencies continue to submit major IT projects for potential funding.

  • gears and money (zaozaa19/Shutterstock.com)

    Worries from a Democrat about the Biden administration and federal procurement

    Steve Kelman is concerned that the push for more spending with small disadvantaged businesses will detract from the goal of getting the best deal for agencies and taxpayers.

Stay Connected