Silicon Graphics Files Chapter 11 BK, Sells To Rackable Systems
April 1, 2009
It’s somewhat ironic that the company that first subleased and then sold its headquarters to the Google behemoth several years back has now filed for bankruptcy and made the decision to sell itself for a paltry sum of some $25M. Silicon Graphics, which was founded in 1982, seems to have finally (they filed BK once before a few years ago) succumbed to competition from increasingly faster and cheaper alternatives.
Silicon Graphics’ leases some 170,000 square feet between its headquarters at 1140 East Arques in Sunnyvale (corner of Lawrence and Arques), and an additional facility in Mountain View on leases running through 2011. As of late last year the company was working on a plan to restructure its lease obligations.
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