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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


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