SGI Lives – or at Least Its Name Does

Rackable received bankruptcy court approval on April 30 to close its purchase of SGI, although it had to raise its original $25 million offer to $42.5 million. On Monday, Rackable announced that the deal had closed and that the combined company would be called SGI — short for Silicon Graphics International instead of the original Silicon Graphics Inc — and continue to use the Rackable brand on some products. It’s a curious turn of events, considering that Rackable has come to represent the new guard in the server market, while SGI has struggled for years