Silicon Graphics (fka sgid)

[johnnym]

Time to move on and to the new board at SGIC!

Come on over and forget thoses worthless shares. Get some new ones for between 18 and 19 dollars, or wait and see and pick your poison. Good luck to all investors.

[paladinjoe]

Thank you for the information, I appreciate it! I guess we'll see what happens.

[Buddhaman]

the sgi website has all the answers - sgic, currently trading at $19.50 a share.

personally, i'll be waiting a while before investing.

[paladinjoe]

Anybody there? Is there any answer as to whats going to happen to this stock? I wanted to buy it, as they're comming out of bankruptcy, but the ticker still doesnt seem to tradable... Did they change it to something else, and when are they going to make this stock tradable again? If someone can fill me in, it'd be greatly appreciated.

[Buddhaman]

maybe the time when they throw these shares away and release new common stock is approaching fast.. they said it would happen when they emerge from Chapter 11, & that happens this month..

[jupiler]

whats up with this stock today?

[PokerVertigo]

I have said it before and I'll say it again... people are stupid... I don't understand for the life of me why someone would buy into a stock that was worthless... This makes zero sense... that PR came out on the 19th.. and this stock started SHOOTING UP from then... have I landed in bizzaro world, where the more worthless a stock is, the higher the pps goes?...

[IHDR]

This stock in worthless and will be cancelled .....

You better read this statement below from the company ....

"Upon confirmation of the plan, the new common stock of the Company will be issued to the holders of SGI's Senior Secured bonds in the manner described above. All of SGI's existing common stock and the unsecured subordinated debentures will be cancelled upon confirmation of the plan by the court and receive no recovery. Accordingly, the Company believes that SGI's currently outstanding common stock and unsecured subordinated debentures have no value.

McKenna concluded by stating "We regret the effect that this will have on SGI's shareholders and other unsecured creditors. SGI plays a critical role in the world's infrastructure. This needs to be preserved."

[powerbattles]

volume is awesome eom

[powerbattles]

very nice gainers possible see .12 or higher eom

[skipdeez]

no idea, but it is up over 50% today...

[powerbattles]

I am trading it only because I'm very concerning after they emerge, possible current shares will be worthless. any input on this will be very much appreciated.

[powerbattles]

I agree huge rebound this week eom

[powerbattles]

Silicon Graphics Reorganization OK'd
Tuesday September 19, 8:56 pm ET
By Michael Liedtke, AP Business Writer
Silicon Graphics Bankruptcy Reorganization Wins Court Approval


SAN FRANCISCO (AP) -- Silicon Graphics Inc.'s proposed comeback from bankruptcy won court approval Tuesday, giving the maker of high-powered computers a chance to rekindle the technological wizardry that once made it a Silicon Valley star.
ADVERTISEMENT


Now that U.S. Bankruptcy Judge Burton Lifland has signed off on SGI's reorganization plan, the Mountain View-based company is hoping to reverse years of losses by selling more products while also reaping the benefits of dramatically lower expenses.

"The company has been in a defensive position for a long time," SGI Chairman Dennis McKenna said during a Tuesday interview. "Now we are in a position to become an offensive company again."

With its reorganization plan officially approved, SGI expects to formally shed the shackles of bankruptcy next month. The company filed for Chapter 11 protection in May, listing $369 million in assets and $664 million in debt.

The bankruptcy marked a sobering comedown for SGI, which was hailed for the technological elegance of computers that generated then-revolutionary special effects in films such as "Jurassic Park" during the early 1990s.

But buzz surrounding SGI faded as personal computers became more sophisticated and less expensive, reducing the demand for the company's pricier products.

SGI wound up losing nearly $1.7 billion in the 6 1/2 years leading up to its bankruptcy.

Things got so bad that SGI abandoned its sprawling corporate campus in Mountain View a few years ago and turned over the keys to online search engine leader Google Inc.

SGI now occupies smaller offices near its old home, but is considering moving its headquarters to Sunnyvale.

McKenna sees brighter times ahead because the company has trimmed $150 million from its annual expenses and sharpened its focus on the scientific and government customers that account for most of its sales.

The cost-cutting has trimmed SGI's payroll from about 2,200 employees in February to roughly 1,600 workers today.

As part of its recovery, SGI hopes to be listed on the New York Stock Exchange or Nasdaq Stock Market in the near future, McKenna said.

The company's shares were dropped from the NYSE late last year after the stock price fell below $1 for a prolonged stretch. SGI's shares closed at 2 cents Tuesday on the over-the-counter market.

[skipdeez]

SGI will be emerging from chapter 11. It is getting coverage from the AP, Reuters, CNN, etc. Could be a big rebound this week...

AP
Silicon Graphics Reorganization OK'd
Tuesday September 19, 8:56 pm ET
By Michael Liedtke, AP Business Writer
Silicon Graphics Bankruptcy Reorganization Wins Court Approval

SAN FRANCISCO (AP) -- Silicon Graphics Inc.'s proposed comeback from bankruptcy won court approval Tuesday, giving the maker of high-powered computers a chance to rekindle the technological wizardry that once made it a Silicon Valley star.
ADVERTISEMENT

Now that U.S. Bankruptcy Judge Burton Lifland has signed off on SGI's reorganization plan, the Mountain View-based company is hoping to reverse years of losses by selling more products while also reaping the benefits of dramatically lower expenses.

"The company has been in a defensive position for a long time," SGI Chairman Dennis McKenna said during a Tuesday interview. "Now we are in a position to become an offensive company again."

With its reorganization plan officially approved, SGI expects to formally shed the shackles of bankruptcy next month. The company filed for Chapter 11 protection in May, listing $369 million in assets and $664 million in debt.

The bankruptcy marked a sobering comedown for SGI, which was hailed for the technological elegance of computers that generated then-revolutionary special effects in films such as "Jurassic Park" during the early 1990s.

But buzz surrounding SGI faded as personal computers became more sophisticated and less expensive, reducing the demand for the company's pricier products.

SGI wound up losing nearly $1.7 billion in the 6 1/2 years leading up to its bankruptcy.

Things got so bad that SGI abandoned its sprawling corporate campus in Mountain View a few years ago and turned over the keys to online search engine leader Google Inc.

SGI now occupies smaller offices near its old home, but is considering moving its headquarters to Sunnyvale.

McKenna sees brighter times ahead because the company has trimmed $150 million from its annual expenses and sharpened its focus on the scientific and government customers that account for most of its sales.

The cost-cutting has trimmed SGI's payroll from about 2,200 employees in February to roughly 1,600 workers today.

As part of its recovery, SGI hopes to be listed on the New York Stock Exchange or Nasdaq Stock Market in the near future, McKenna said.

The company's shares were dropped from the NYSE late last year after the stock price fell below $1 for a prolonged stretch. SGI's shares closed at 2 cents Tuesday on the over-the-counter market.

[r7315]

News out...purchase from Lockheed Martin.

SGID Lockheed Martin Selects SGI Altix 4700 Server as Host Platform for F-35 Lightning II Training Devices
PR Newswire - August 1, 2006 9:01 AM (EDT)

SGI Altix Blade Packaging Offers Flexibility, Hard Real-Time Processing

MOUNTAIN VIEW, Calif., Aug 01, 2006 /PRNewswire-FirstCall via COMTEX/ -- Silicon Graphics (OTC: SGID) today announced that Lockheed Martin (NYSE: LMT) has selected the SGI(R) Altix(R) 4700 server to serve as the host computing platform for the F-35 "Lightning II" Training Devices.

The F-35 Lightning II, also known as the Joint Strike Fighter, is a multi-role fighter which combines stealth supersonic performance and advanced sensor fusion. The SGI-powered F-35 Training Devices host computer will allow Lockheed Martin to provide pilots with a high-fidelity deterministic real time environment that realistically simulates the capabilities of this next-generation fighter aircraft, which will support the U.S. Navy, U.S. Air Force, U.S. Marine Corps, United Kingdom and seven other International Partner nations. F-35 Training Devices will be powered by the SGI Altix 4700 and will train pilots for the kind of uncompromised combat performance required in the 21st century.

Driven by a blade-based design built on SGI's award-winning scalable global-shared-memory system architecture, the SGI 4700 host computing platform is powered by 16 Intel(R) Itanium(R) 2 processors and four graphics pipes running Novell(R) SUSE(R) Linux Enterprise Server 9. The scalable nature of the SGI Altix architecture will allow Lockheed Martin to enhance Training Device performance in the future by adding processors. As the F-35 matures and gains additional capabilities, the Training Device architecture can take advantage of the SGI Altix design to maintain concurrency with the aircraft. The SGI Altix 4700 combines industry-standard components and the world's most powerful server architecture in a highly dense and deployable blade-based form factor. SGI has integrated its renowned scalable shared-memory SGI(R) NUMAflex(TM) architecture with blade packaging to create the first 64-bit Linux(R) OS-based server with a blade design that offers true "plug and solve" flexibility.

"The F-35 Lightning II Training Devices require next-generation computing power and graphics to achieve the training and simulation goals of the JSF program," said Dave Parry, senior vice president and product general manager, SGI. "Lockheed Martin selected the SGI Altix 4700 highly scalable compute platform with integrated graphics because it provides unique benefits for critical deterministic, hard real-time capabilities and future performance enhancement. SGI is pleased to support Lockheed Martin in the deployment of this important international defense program."

The SGI Altix 4700 undergoing installation offers powerful real time features combined with a scalable, high-performance multiprocessing computational engine and graphics all in one easy to deploy shared memory package. Lockheed Martin will leverage the easy to use SGI Shared memory programming model, industry standard CPU's and graphics.

Host computing for high-fidelity training devices like the one being developed by Lockheed Martin for the F-35 Program requires fully deterministic processing. When an event occurs, a resulting action must be implemented in a fixed, very short period of time. The degree of determinism in the case of the F-35 Training Devices is hard real time, where strict timing is critical. A host-simulation computer needs to support non-degrading process priorities and locking of processes in memory, and must guarantee interrupt-handling latencies. That's the compute capability the SGI Altix 4700 provides.

About Altix 4700

The SGI Altix 4700 platform is comprised of modular blades -- interchangeable compute, memory, I/O and special purpose blades for "plug and solve" configuration flexibility. The innovative blade-to-NUMAlink(TM) architecture enables users to mix and match eight standardized blade choices, for perfect system right-sizing. The compact blade packaging of the Altix 4700 rack also provides excellent performance density.

Socket-compatible with single and dual-core Intel Itanium 2 processors, SGI Altix 4700 platform offers easy upgrade or expansion of CPU, memory, I/O or visualization capabilities. This flexible growth path makes it possible for customers to adjust system configurations to meet current and changing requirements easily and cost-effectively; minimum risk for maximum productivity.

For more information about SGI products and solutions for the government and defense industry visit www.sgi.com/industries/government/ .

SILICON GRAPHICS | The Source of Innovation and Discovery(TM)

SGI, also known as Silicon Graphics, Inc. (OTC: SGID), is a leader in high-performance computing. SGI helps customers solve their computing challenges, whether it's sharing images to aid in brain surgery, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, enabling the transition from analog to digital broadcasting, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Mountain View, Calif., and can be found on the Web at www.sgi.com.

This news release contains forward-looking statements regarding SGI technologies and third-party technologies that are subject to risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from those described in such statements. The reader is cautioned not to rely unduly on these forward-looking statements, which are not a guarantee of future or current performance. Such risks and uncertainties include long-term program commitments, the performance of third parties, the sustained performance of current and future products, financing risks, the ability to integrate and support a complex technology solution involving multiple providers and users, and other risks detailed from time to time in the company's most recent SEC reports, including its reports on Form 10-K and Form 10-Q.

NOTE: Silicon Graphics, SGI, Altix, the SGI cube and the SGI logo are registered trademarks and NUMAflex, NUMAlink and The Source of Innovation and Discovery are trademarks of Silicon Graphics, Inc., in the United States and/or other countries worldwide. Novell is a registered trademark, and SUSE is a trademark of Novell, Inc. in the United States and other countries. Intel and Itanium are registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. Linux is a registered trademark of Linus Torvalds in several countries. All other trademarks mentioned herein are the property of their respective owners.

MEDIA CONTACT
Marla Robinson
[e-mail]
256-773-2371

SGI PR HOTLINE
650-933-7777

SGI PR FACSIMILE

650-933-0283

SOURCE SGI

Marla Robinson, [phone], or [e-mail], or PR Hotline, [phone],
or PR Fax, [phone], all of SGI

http://www.prnewswire.com

Copyright (C) 2006 PR Newswire. All rights reserved. ****************************************************************

[Newbie_101]

Just trying to decide if this company is worth investing in, that's all.

[johnnym]

Myself I am waiting for the re-issue of stock to make some money. Why are you here?

[stevenuc]

re-read post number 8!!! the stock now will be worthless when they come out of chapter 11. you can only play hi and lows until then. no one in their right mind would buy this....am i wrong on this???

[Newbie_101]

I was curious, in September after the Chapter 11, how hight will the PPS go?

[Newbie_101]

Is this board dead or what?

[johnnym]

The next step is re-issuing stock, may be a good buy without debt. Look what happened to komag a few years ago! Let us see!

[Ugly_Stock]

I've looked at the reorg news from sgi, but cannot tell if future stock purchase will be deemed worthless. Anyone lend some help here? ty

[kta]

Read this,
http://www.sgi.com/company_info/newsroom/press_releases/2006/may/sgi_reorg.html

[johnnym]

Thanks that is what I feared, is the whole plan disclosed some where for us to read?

[johnnym]

You know what scares me is that as part of the deal they may re-issue stock and deem all stock before worthless.

[johnnym]

No I have not either, just looking for a big score and wanted other input before I take the plunge.

[kta]

So what does this mean...

Upon confirmation of the plan, the new common stock of the Company will be issued to the holders of SGI's Senior Secured bonds in the manner described above. All of SGI's existing common stock and the unsecured subordinated debentures will be cancelled upon confirmation of the plan by the court and receive no recovery. Accordingly, the Company believes that SGI's currently outstanding common stock and unsecured subordinated debentures have no value.

TIA
Tom

[kta]

SGI was a high flyer at one time. Had some impressive movie related results. Their website does not have the looks of an bankrupt company.

They seem to have alot to offer for a .06 stock and once their debt. is altered (for lack of a better term) maybe they will be more attrative to investors.

[kta]

I am looking at buying but have never purchased bankrupt stocks. I missed out on Kmart and Thrifty/RiteAid. Both made a nice comeback. Trying to find more info. on SGID and found out about owens corning, that seems to be an interesting play.

Have you any experience with bankrupt stock and the whole process.

TIA
Tom

[johnnym]

I do not know if there is an interest in this stock but if any ideas are out there let's share!

I have invested in bad stocks and scams but here seems an oportunity. The computers that SGI makes are unique and the most powerful in the world, this is fact. But there is no market and little interest, this is poor business. If some one buys them, for pennys (6 of them this morning) on the dollar and can market the product to say a government environmental project? Just a possibility? No I don't smoke crack! Well are there thoughts?