Computer maker Silicon Graphics Inc filed for Chapter 11 bankruptcy protection after a round of restructuring measures failed, according to court papers filed on Monday.
Of course this comes as no surprise; indeed, my initial reaction was, “FINALLY!! And about time too!” But the stated reason is odd. Among the possible interpretations:
- Restructuring measures were implemented, but failed to yield the intended results.
- Restructuring measures were proposed, but failed to win the support of, e.g., the existing creditors.
- Restructuring was started, but could not be completed – “we tried to lay off the marketing department, but they wouldn’t leave”.
Ah, well. A salutary lesson for those who believe that “if you build it, they will come” despite all evidence to the contrary. And as for Itanium… well, at least Intel won’t have to worry about the special version of Montecito to work with SGI’s NUMA.
(And yes, I realize that “Chapter 11” is not the same as “defunct”. But in this case….)