SiliconBunny News

Silicon Graphics (OTC: SGID) today announced results for its second fiscal quarter which ended December 30, 2005.
Revenue for the second quarter fiscal year 2006 was $144 million, gross margin was 41.7% and the operating loss was $28 million. For comparison, in the first quarter FY06, revenue was $170 million, gross margin was 37.8% and the operating loss was $26 million. The second quarter fiscal year 2006 net loss was $30 million or $0.11 per share, compared with a net loss of $32 million or $0.12 per share in the previous quarter.
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Silicon Graphics (OTC: SGID) announced today that Dennis McKenna has been named chairman of the board, chief executive officer and president, effective immediately. McKenna succeeds Robert Bishop, who will remain on the board of directors and serve as vice chairman.
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ATLANTA, Ga., 86th American Meteorological Society Annual Meeting, Booth 354, 455 (Jan. 30, 2006) Silicon Graphics (OTC: SGID) announced today that Raytheon Company has selected SGI to work on the National Oceanic and Atmospheric Administration's next-generation Geostationary Operational Environmental Satellite (GOES) "R" Series program.
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Wilfrid Laurier University (WLU), one of 14 Ontario universities and colleges on the growing Shared Hierarchical Academic Research Computing Network (SHARCNET) grid, has chosen technology from Silicon Graphics (OTC: SGID) for computational
sciences, including mathematical modeling, nanotechnology, biology, quantum physics, chemistry, and a wide variety of scientific research projects.
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To add significant computing and storage capacity to existing life sciences research infrastructure, the Bioinformatics Consortium at the University of Missouri recently purchased high-performance computing technology from Silicon Graphics (OTC: SGID) and an SGI® InfiniteStorage storage area network (SAN) with 8TB of capacity. The new SGI® Altix® server was specifically chosen for its shared-memory architecture and Linux® operating environment, which will allow researchers, particularly in areas of molecular dynamics, molecular modeling, protein structure prediction, and a number of allied activities, to run larger-scale problems than ever before.
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SGI issued its most ominous regulatory filing to date, warning that a bad 2006 could force the former high-flyer into bankruptcy.
In order to improve its business, SGI will consider measures ranging from axing or selling off product lines to pursuing "a strategic partner or acquirer." The hardware maker will basically look at anything and everything to remain a going concern.
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Bankruptcy appears to be a real option for loss-making Silicon Graphics, as it tries to plan its future.
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.
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Silicon Valley pioneer Silicon Graphics may face bankruptcy or even a sale of the company if it fails in its 2006 restructuring plans, the company said this week.
In a 10Q regulatory document filed Wednesday with the Securities and Exchange Commission, the graphics pioneer said that it may run out of cash by the end of the year.
SGI valued its current assets at $452.1 million as of June 2005. By Decembr 2005, the value of the assets had sunk to $397.3 million, a decrease of 12 percent.
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Mountain View-based Silicon Graphics is continuing efforts begun last year to restructure its business and avoid bankruptcy.
While the company repeated in a filing made earlier this week with the Securities and Exchange Commission that it ``could be forced to seek protection under bankruptcy laws,'' Silicon Graphics added that it is ``continuing to evaluate a range of strategic alternatives'' which could mean finding a buyer or additional financing.
In June, Silicon Graphics -- also known as SGI -- hired turnaround specialist AlixPartners. As losses continued, five months ago Silicon Graphics began cutting staff and last month brought on a new chief executive officer, Dennis McKenna, to oversee ``strategic and operations changes'' in the business. McKenna was named chairman of the board, chief executive officer and president on Jan. 27.
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In a joint effort to grow revenues from the sale of 64-bit Linux(R) solutions to government agencies at all levels, Silicon Graphics (OTC: SGID) and GTSI Corp.
(Nasdaq: GTSI) today announced an agreement establishing GTSI as a front line
government channels supplier providing SGI(R) solutions to federal, state and
local government customers.
The alliance ensures SGI and its strategic resellers easy access to GTSI's numerous resources, including its existing government contracts and buying vehicles, its extensive government sales administrative expertise, and its broad knowledge of government customer requirements.
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"Superclusters" of supercomputers are getting too hot. SGI's Eng Lim Goh wants to solve that problem.
Thanks to advances in the speed of supercomputer simulations, complex phenomena such as weather systems, protein folding, and nuclear explosions are becoming easier to model and understand. But only a small part of this speedup is due to faster processors.
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Dennis McKenna, the new CEO of Silicon Graphics (OTC: SGID - News), today confirmed the company's commitment to its existing aggressive product roadmap for the coming year. McKenna, who took over as president, CEO and chairman of the board on Jan. 31, announced that SGI will deliver new innovations and enhancements to customers throughout its server, storage and visualization product lines, along with expanded global professional services.
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To further its mission to minimize invasive surgery Robarts Research Institute, Canada's only independent center for medical research, recently installed high-performance visualization technology from Silicon Graphics (OTC: SGID) as well as SGI(R) InfiniteStorage and Visual Area Networking systems. For minimally invasive surgery simulation and modeling Robarts focuses on brain, prostate, breast and heart surgery. Minimally invasive procedures decrease trauma to the patient and thereby reduce recovery time, serious complications or death, the length of hospital stays and the total cost of surgery. In addition to the installed Silicon Graphics Prism(TM) visualization system, Robarts has just purchased an SGI(R) Altix(R) high-performance computing system to complement its research in image-guided surgery and therapy, including the treatment and surgery for cancer.
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Emirates Computers along with Landmark completed the extensive Visualization Centre Project for Abu Dhabi-based Zakum Development Company (ZADCO). The project, which involved deploying servers, leading edge software and visualization solutions from Silicon Graphics (SGI) and SEOS Ltd., will enable ZADCO to analyze and visualize oil and gas reservoirs faster and more accurately than before.
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Itanium is regularly slammed by competitors and dissed by some analysts as a processor with no future, but market research firm IDC sees solid growth ahead.
.........Silicon Graphics, the maker of high-end visualization systems used by Hollywood movie studios, scientific researchers and others, moved to Itanium a few years ago. But the company has been losing money and recently admitted it may have to seek bankruptcy protection.
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The man at the top at Silicon Graphics may have changed, but the commitment to the existing product line has not.
Dennis McKenna, the new CEO of Silicon Graphics, has confirmed the company's commitment to its existing aggressive product roadmap for the coming year. McKenna, who took over as president, CEO and chairman of the board on Jan. 31, announced that SGI will deliver new innovations and enhancements to customers throughout its server, storage and visualization product lines, along with expanded global professional services.
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XCOR Aerospace, Inc. announced today Silicon Graphics (OTC Bulletin Board: SGID) has provided an SGI(R) Altix(R) 3000 server for aerodynamic analysis and preliminary design of its Xerus suborbital vehicle. XCOR is developing the Xerus to take passengers and payloads to the edge of space.
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da Vinci and SGI have completed qualification testing of SGI InfiniteStorage Shared Filesystem CXFS on a SAN (storage area network) with da Vinci Systems' Resolve digital mastering suite.
Resolve is da Vinci's digital mastering suite, featuring da Vinci's Emmy Award-winning image enhancement expertise and familiar interface packaged with nonlinear conforming tools.
Designed to process extremely large files such as those used in DI processes, Resolve delivers exceptional workflow flexibility and performance fully realized with a high-performance network. The recently completed testing shows that SGI CXFS filesystem delivers the performance benchmarks to confirm that Resolve is able to run two streams of 2K data simultaneously in real time over a SAN using CXFS. SANs can be configured with CXFS to provide enough bandwidth to satisfy the needs of multiple Resolve systems as well as other editing, compositing, and creative tools in a facility.
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Silicon Graphics (OTC: SGID) announces that Sony DADC, a leading producer of optical disc media, has purchased an SGI(R) InfiniteStorage SAN solution to increase throughput, ensure scalability, and improve data management in the automated mastering facility at its Terre Haute, Indiana plant. The plant, which is the flagship Sony disc production facility for the U.S., produces 2.4 million music CDs, DVDs, and UMD game discs in a typical day and provides services that range from postproduction to distribution. Production will increase substantially when Sony DADC begins production in 2006 of 25GB Blu-ray discs, which can contain a complete movie in HDTV format. The company is adding 90,000 square feet to its 700,000-square-foot Terre Haute plant to house Blu-ray production.
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Flextech, the parent company of television channels Bravo, LivingTV, FTN and Trouble, plans to improve business processes and speed up post-production by fully digitising its editing functions.
.............Programme material will be digitised at Red Bee Media’s Broadcast Centre in west London and transferred into a central storage system, based on technology from supplier SGI.
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Ascent Media Group (AMG), a long-time customer of Silicon Graphics (OTC: SGID) and an industry leader in content creation, post-production and distribution of film and television, selected SGI(R) server, storage and networking technology as the heart of a new state-of-the-art facility in Burbank, Calif. The SGI hardware and software is part of AMG's data-centric production network solution, known as ProdNet, which offers studio clients ultra-secure methods for accommodating a large variety of deliverables. With content piracy estimated at $3.5 billion annually, the 100,000-square-foot building, which was gutted to the walls, has been rebuilt to be one of the most modern, most secure, all-digital facilities in the world. SGI Professional Services worked hand in hand with AMG to design and integrate the ProdNet system, which is dedicated to manufacturing, repurposing, and distributing large media assets in huge volumes, with no concession to bandwidth limitations.
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