"New" SGI emerges from Chapter 11

Having dispensed with its own militant tendency, the company says it is now the "New SGI".

It has slashed an burned a bit, dumped its old board of directors and management team and in the process saved a suggested $150 million a year.

"Today we debut the New SGI, an efficient and fully recapitalised company armed with a new, market-centric business model and empowered by a rekindled commitment to solving the problems of customers in a targeted range of markets," flanneled CEO Dennis McKenna in a statement.

The firm said it is preparing new server, storage and service products that will, "for the first time, address up to 80 percent of a customer's total information technology spend," according to McKenna.

These include a new SGI Altix XE line of x86-64 based servers and clusters running dual-core Intel Xeon processors and dual-core SGI Altix 450 and 4700 blade servers running the Intel Itanium 2 processors. µ

L'INQ
www.sgi.com