A Silicon Valley icon disappears — unwept, unhonored, unsung. Thanks to my analyst friend for the tip.
Silicon Graphics which made the hottest workstations for high end applications and built awesome machines for making movies was sold for just $25 million to server maker Racker Systems.
I almost wanted to cry because I have seen the power of their technology when I used to be marketing CAD/CAM systems 20 years ago and often competed with them. SGI machines were used to make movies. Jurassic Park and Terminator 2 were made on SGI machines.
Silicon Graphics was founded by the famous Dr. Jim Clark who subsequently left the company and founded Netscape.
There have been bigger failures, but they still were acquired for billions, not for something like $25 million.
I did see it coming even 2 years ago when I wrote about the lessons that one can draw from its road to bankruptcy. But is eventual sale for such a miniscule amount at a bankruptcy court is definitely saddening.
Well, guess that’s business!