Rackable Will Rebrand as SGI

Data Center Knowledge (May 11 2009) Cloud Computing

1. Rackable Systems (RACK) has completed its acquisition of the former Silicon Graphics Inc. and will adopt SGI as its new name, the company said today. The decision by Rackable management to adopt the SGI moniker is a sign that it believes that the Silicon Graphics name still has mojo in the marketplace. Rackable Systems president and CEO Mark Barrenechea will hold the same positions in the “new” SGI, and the Rackable Systems board of directors remains unchanged. The company will continue to use RACK as its stock symbol. Rackable got clearance from bankruptcy court on April 30 to acquire the assets of Silicon Graphics for $42.5 million in cash, and closed the transaction on May 8. (Read Full Article)

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