SGI: Chapter 11 disclosure statement approved by US Bankruptcy Court

SGI LogoVia Supercomputing Online:

The US Bankruptcy Court approved SGI’s Disclosure statement, paving the way for a Chapter 11 reorganization of the company.

The way is now open for a fresh and clean financial start. Let’s see how SGI will manage it; sharp tongues comment SGI’s effort with “heh, suvived again, did it; they must be getting good at it. uh, oh… woops, saved!”.

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