[posting]22422197[/posting]@zielony
:keBy Robert Daniel
Last Update: 9:18 AM ET Jul 5, 2006
NEW YORK (MarketWatch) -- Silicon Graphics Inc., (SGID : Silicon Graphics, Inc.
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Last: 0.02-0.03-63.83%
11:30am 07/05/2006
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SGID0.02, -0.03, -63.8%) the Mountain View, Calif., provider of computer imaging solutions, filed an amended plan to reorganize, aiming to emerge from protection under Chapter 11 of U.S. bankruptcy law in September. Under the plan, Silicon Graphics will have a new credit line, with its total debt reduced to $70 million from $345 million. All of SGI's new common stock will be held by the company's current noteholders, debentureholders and managers. SGI's current shareholders receive no recovery under the plan, SGI said.
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