As most people know SGI have had some financial troubles in the last few years and warned they may run out of cash by the end of the year.
And today they announced they where filing a chapter 11 to try to get rid of some debt.
A few debt holders have agreed to cancel debt in exchange for a shared in the company.
It's truly sad, I'm a bit fan of (some) SGI technology, the numalink is an awesome interconnect and the old O2 workstations was an amazing product when they where introduced. If I had the space I would get one just for nostalgia reasons.
Read the official press release