SGI Files Chapter 11 Bankruptcy

posted Thu 11 May 2006 by Michael Galloy under IDL

I wonder what SGI’s chapter 11 filing (Slashdot and Yahoo!) will do for IDL support for SGI workstations? Dennis P. McKenna, the recently appointed, Chairman and CEO of SGI seemed optimistic about SGI’s future. From the Yahoo! article, McKenna said:

We expect to proceed quickly and will emerge from these proceedings with a significantly improved balance sheet and, as a result, greater operating flexibility. I am confident in SGI’s future. The new direction I have set is comprehensive, the product portfolio we will unveil is expansive and our dedication to customer satisfaction is unwavering.

Here is the SGI press release and their plan for reorganization.

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SGI Files Chapter 11 Bankruptcy