How quickly things change. It wasn't that long ago that SGI was considered one of the hottest firms in the Valley. Getting a job at SGI was considered something similar to getting a job at Google today. And then... SGI seemed to fall off a cliff. In a matter of just a few years, as the internet became popular, SGI's strategy seemed to be focused in absolutely the wrong direction -- on "big" computing projects. The company spent a lot of time in the mid- to late-90's trying to become known as the computing choice for big Hollywood movie effects -- just as the real revolution was happening at the low end. Over the last seven or eight years, the company has continually announced new strategies and new plans, but they've been accompanied by increasing layoffs and decreasing relevance. Last year, when SGI was delisted, we noted how many had pretty much forgotten its existence, and that's obviously still true today as the company has filed for Chapter 11 bankruptcy protection. Like most Chapter 11 filers, the company claims it's going to try to reorganize and emerge from bankruptcy... but the company has a much longer path to become relevant again.
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