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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SGI explores ways to avoid bankruptcy
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