ZDNet: Silicon Graphics (SGI), once a leading light of the supercomputing world, has admitted that its financial situation is so grim that it could be forced into bankruptcy.
In a regulatory filing to the US Securities and Exchange Commission (SEC), SGI warned investors that a restructuring plan and recent loans totalling US$50m may not be enough to save it.
"If we are unable to achieve our objectives, we would consider alternatives for ensuring the continued operation of our business. These alternatives could include further reductions in headcount and in the scope of our operations, generating cash from selling or licensing our intellectual property and seeking funding from marketing partners and government customers," said SGI in its filing.
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