Rackable Systems to Acquire Bankrupt SGI
Silicon Graphics Incorporated (SGI), the Californian based server manufacturer, has filed for bankruptcy protection and agreed to sell its assets to Rackable Systems Inc.
In March SGI was in danger of losing its place in the NASDAQ due to lack of capital. Now SGI has applied for bankruptcy protection in a new Chapter 11 petition. In an announcement yesterday, Rackable Systems, a company that specializes in server and storage products, agreed to acquire substantially all SGI assets for $25 million in cash. Rackable has also promised to cover any further costs arising from the bankruptcy.
SGI will continue to run its business until the end of the process. Its international business is also included in the SGI/Rackable package, but will not be subject of the bankruptcy.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Linux Hits an Important Milestone
If you pay attention to the news in the Linux-sphere, you've probably heard that the open source operating system recently crashed through a ceiling no one thought possible.
-
Plasma Bigscreen Returns
A developer discovered that the Plasma Bigscreen feature had been sitting untouched, so he decided to do something about it.
-
CachyOS Now Lets Users Choose Their Shell
Imagine getting the opportunity to select which shell you want during the installation of your favorite Linux distribution. That's now a thing.
-
Wayland 1.24 Released with Fixes and New Features
Wayland continues to move forward, while X11 slowly vanishes into the shadows, and the latest release includes plenty of improvements.
-
Bugs Found in sudo
Two critical flaws allow users to gain access to root privileges.
-
Fedora Continues 32-Bit Support
In a move that should come as a relief to some portions of the Linux community, Fedora will continue supporting 32-bit architecture.
-
Linux Kernel 6.17 Drops bcachefs
After a clash over some late fixes and disagreements between bcachefs's lead developer and Linus Torvalds, bachefs is out.
-
ONLYOFFICE v9 Embraces AI
Like nearly all office suites on the market (except LibreOffice), ONLYOFFICE has decided to go the AI route.
-
Two Local Privilege Escalation Flaws Discovered in Linux
Qualys researchers have discovered two local privilege escalation vulnerabilities that allow hackers to gain root privileges on major Linux distributions.
-
New TUXEDO InfinityBook Pro Powered by AMD Ryzen AI 300
The TUXEDO InfinityBook Pro 14 Gen10 offers serious power that is ready for your business, development, or entertainment needs.