SGI’s Future Could Include Bankruptcy, Sale

Silicon Graphics News
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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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