SGI kommt zurück - 500 Beiträge pro Seite (Seite 2)

[Lugano]

Antwort auf Beitrag Nr.: 21.959.220 von nieglueckhaber am 05.06.06 21:15:00

so hoch haben wir lange nicht mehr geschlossen!

[-2GOOD4YOU-]

Antwort auf Beitrag Nr.: 21.960.031 von Lugano am 05.06.06 22:02:00

naja ist doch ok praktisch 0,078 kann man sagen!sprich morgen könnten wir locker über die 0,08steigen!

[Lugano]

Antwort auf Beitrag Nr.: 21.960.082 von -2GOOD4YOU- am 05.06.06 22:04:24

denke auch, dass wir heute locker über die 0,08 steigen!

[zielony]

0,53€

[zielony]

Antwort auf Beitrag Nr.: 21.964.430 von zielony am 06.06.06 12:14:03

Glaubt jemand, dass wir heute oder spätestens morgen nachmittag in USA den Dollar sehen?

[mfierke]

Antwort auf Beitrag Nr.: 21.964.469 von zielony am 06.06.06 12:17:47

[zielony]

Es wird Zeit für eine kleine EXPLOSION, ich muss meine PTSC Verluste ausgleichen

[zielony]

Antwort auf Beitrag Nr.: 21.964.480 von mfierke am 06.06.06 12:18:28

Ich sehe, dass ein paar Forenmitglieder mich ausspionieren
Habe nichts dagegen Hoffentlich haben sie so gut verdient wie ich in den letzten 2 Monaten

[nieglueckhaber]

wer den Cent vom Dollar nicht unterscheiden kann, der kann nicht viel Geld verdient haben...

[Lugano]

Antwort auf Beitrag Nr.: 21.964.875 von nieglueckhaber am 06.06.06 12:48:14

[nieglueckhaber]

0,085 USD sollten heute mindestens drin sein; der Chart spricht für sich... und vielleicht sehen wir ja dann in einem Jahr in Dollar. Nichts für Ungut Zielony!!!

[weinicht]

Antwort auf Beitrag Nr.: 21.965.613 von nieglueckhaber am 06.06.06 13:49:41

1 Bid: 0,079

[weinicht]

Antwort auf Beitrag Nr.: 21.967.537 von weinicht am 06.06.06 15:24:45

0,08

[weinicht]

Antwort auf Beitrag Nr.: 21.967.600 von weinicht am 06.06.06 15:28:11

0,082

[zielony]

Antwort auf Beitrag Nr.: 21.964.875 von nieglueckhaber am 06.06.06 12:48:14

Ein neuer Dummkopf ist on Board

[Lugano]

Antwort auf Beitrag Nr.: 21.956.448 von Lugano am 05.06.06 19:15:06

[-2GOOD4YOU-]

ui 0,084!hoffe das hält bis zum abend und ist nicht nur ein leeres gap wie so oft..

[weinicht]

Antwort auf Beitrag Nr.: 21.968.307 von -2GOOD4YOU- am 06.06.06 16:02:50

Das müßte noch höher laufen, wie es aussieht.

[-2GOOD4YOU-]

wow welcher volldepp verkauft sogar zu 0,056 in frankfurt..

[-2GOOD4YOU-]

hm war doch nur ein einfaches gap wie gesagt...wird doch n roter tag heute

[Lugano]

Antwort auf Beitrag Nr.: 21.968.550 von -2GOOD4YOU- am 06.06.06 16:14:48

pessimist!!!
endlich mal action in der bude!

ich denke wir schließen heute gut im plus! so um die 0,084 $!

[nieglueckhaber]

alles wird gut...Gute Nacht allen zusammen

[Lugano]

Antwort auf Beitrag Nr.: 21.975.581 von nieglueckhaber am 06.06.06 22:01:17

sgi hat sich in dem schlechten marktumfeld sehr gut gehalten! der positive aufwärts-trend hält an!
vor allem gibt es kein absacken des kurses zum handelsende nicht mehr!

[Lugano]

Antwort auf Beitrag Nr.: 21.976.416 von Lugano am 06.06.06 22:31:36

wenn das marktumfeld heute besser ist, sehen wir vielleicht die 0,09$!
aber ich denke 0,084$ sind realistischer!

[Lugano]

[-2GOOD4YOU-]

wie gesagt das marktfeld spiet keinerlei rollte auf sgid kapier es endlich
mfg

[Lugano]

Antwort auf Beitrag Nr.: 21.989.004 von -2GOOD4YOU- am 07.06.06 16:39:24

ja ich weiß! hoffentlich steigt die kacke noch!

[-2GOOD4YOU-]

musst deine hoffnungen wohl begraben..

[Lugano]

Antwort auf Beitrag Nr.: 21.990.550 von -2GOOD4YOU- am 07.06.06 17:41:39

hast du einen spaten?

[-2GOOD4YOU-]

ne nur einen bohrer

[Lugano]

Antwort auf Beitrag Nr.: 22.003.602 von -2GOOD4YOU- am 08.06.06 12:04:23

vielleicht ein seil? zum erhängen!

[kapitalverbrecher]

Es ist vorbei. Da kommt nix mehr. Der Ofen ist aus.
Der letzte macht das Licht aus

[weinicht]

Antwort auf Beitrag Nr.: 22.016.992 von kapitalverbrecher am 08.06.06 22:17:45

Eine bodenlose Unverschämtheit, was der Makler in Frankfurt veranstaltet....gleich platzt mir der Kragen.

[zielony]

June 27, 2006 - 4:30 PM EDT

SGI Reaches Global Agreement With Official Committee of Unsecured Creditors as Reorganization Moves on Accelerated Path
Company Also Receives Approval for $130 Million Financing Facility, Providing the Liquidity and Flexibility Needed to Complete Reorganization
MOUNTAIN VIEW, Calif., June 27 /PRNewswire-FirstCall/ -- Silicon Graphics (OTC: SGID) today announced it has gained the support of its Official Committee of Unsecured Creditors and the largest holder of its Subordinated Debentures on a proposed reorganization plan. This is important milestone in SGI's reorganization process. The development paves the way for a speedy exit from Chapter 11 as a public company. The Company anticipates filing an amended Plan of Reorganization together with a Disclosure Statement by June 30, 2006.

'Our pre-negotiated plan reflected an agreement with an ad-hoc committee of our Secured Noteholders,' said Dennis McKenna, chairman and CEO of SGI. 'Through the diligent efforts of all parties, we have now won the additional support of our Official Committee of Unsecured Creditors, which is made up of representative trade creditors and holders of our Subordinated Debentures. We have also reached a settlement with the largest holder of our Subordinated Debentures. Such agreements are crucial to a successful reorganization. Our exit timeline remains on track. We are grateful to our employees, customers, vendors and partners who have remained loyal to us throughout this process.'

Also today, SGI announced that it received Court approval for the $130 million financing facility with Morgan Stanley that was announced June 1, 2006. The financing agreement will fund day-to-day operations during SGI's reorganization process, providing the enhanced liquidity and flexibility needed to complete the Company's reorganization. More information about SGI's reorganization is available on the Internet at www.sgi.com/reorg. Details of the agreement with the Official Committee of Unsecured Creditors are available in the Form 8-K filed today with the SEC.

Forward-Looking Statements

This news release contains forward-looking statements relating to future events or expected financial performance that involve risks and uncertainties. Factors that might cause such a difference include, but are not limited to: the effects of our chapter 11 filing; our ability to maintain adequate liquidity; and our ability to obtain and maintain normal terms with customers, suppliers and service providers. These and other risks are or will be detailed from time to time in SGI's periodic reports that are filed with the Securities and Exchange Commission, including the Form 8K filed on June 27, 2006 and SGI's quarterly report on Form 10-Q for the quarter ended December 30, 2005. Silicon Graphics is under no obligation to publicly update or revise any forward-looking statements, whether changes occur as a result of new information, future events or otherwise.

SILICON GRAPHICS | The Source of Innovation and Discovery(TM)

SGI, also known as Silicon Graphics, Inc. (OTC: SGID), is a leader in high-performance computing. SGI helps customers solve their computing challenges, whether it's sharing images to aid in brain surgery, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, enabling the transition from analog to digital broadcasting, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Mountain View, Calif., and can be found on the Web at www.sgi.com.

Silicon Graphics, SGI, the SGI cube and the SGI logo are registered trademarks, and The Source of Innovation and Discovery is a trademark of Silicon Graphics, Inc., in the United States and/or other countries worldwide. All other trademarks mentioned herein are the property of their respective owners.


MEDIA CONTACT
Lisa Pistacchio
[e-mail]
650.933.5683

SGI PR HOTLINE
650.933.7777

SGI PR FACSIMILE
650.933.0317

SOURCE SGI

[zielony]

http://www.sgi.com/company_info/newsroom/press_releases/2006…

[lion37]

nützt den aktionären nichts,
gem. statement des neuen ceo werden die alten sgi-shares
wertlos.............

[zielony]

Antwort auf Beitrag Nr.: 22.307.036 von lion37 am 27.06.06 23:02:31

Morgen auf !

[zielony]

Antwort auf Beitrag Nr.: 22.307.036 von lion37 am 27.06.06 23:02:31

Wann segte er das ?
Heute sagte er folgendes (Google übersetzung):

„Unser vor-vermittelter Plan reflektierte eine Vereinbarung mit einem ad hoc Ausschuß unserer gesicherten Schuldscheininhaber,“, sagte Dennis McKenna, Vorsitzender und CEO von SGI. „Durch die sorgfältigen Bemühungen aller Parteien, haben wir jetzt die zusätzliche Unterstützung unseres amtlichen Ausschusses der ungesicherten Gläubiger gewonnen, der Repräsentant Handel Gläubiger und Halter unserer unterstellten Schuldscheine besteht. Wir haben auch eine Regelung mit dem größten Halter unserer unterstellten Schuldscheine erreicht. Solche Vereinbarungen sind zu einer erfolgreichen Reorganisierung entscheidend. Unser Ausgang timeline bleibt auf Schiene. Wir sind unsere Angestellten, Kunden, Verkäufer und Partner dankbar, die sind geblieben loyal zu uns während dieses Prozesses.“

[zielony]

...haben wir jetzt die zusätzliche Unterstützung unseres amtlichen Ausschusses der ungesicherten Gläubiger gewonnen, der Repräsentant Handel Gläubiger und Halter unserer unterstellten Schuldscheine besteht. Wir haben auch eine Regelung mit dem größten Halter unserer unterstellten Schuldscheine erreicht. Solche Vereinbarungen sind zu einer erfolgreichen Reorganisierung entscheidend...

[zielony]

Sollte sie zurück auf 0,3€ kommen sind mehr als 700% drin !!!

[lion37]

Antwort auf Beitrag Nr.: 22.307.683 von zielony am 27.06.06 23:46:56

träumer
nur die eigentümer der anleihen werden von der
restruktuierung profiteren!!

du mußt die statements mal sorgfältiger lesen,

aber vielleicht springen ja morgen noch ein paar "blinde"
in den abgrund.........

anbei das gewünschte press-release.




the Company believes that SGI's currently outstanding common stock and unsecured subordinated debentures have no value.










*****SGI Takes Action to Reduce Debt
Monday May 8, 8:30 am ET
SGI Announces Pre-Negotiated Reorganization


MOUNTAIN VIEW, Calif., May 8 /PRNewswire-FirstCall/ -- Silicon Graphics (OTC: SGID - News) today announced that it has reached an agreement with all of its Senior Secured bank lenders and with holders of a significant amount of its Senior Secured debt on the terms of a reorganization plan that will reduce its debt by approximately $250 million, greatly simplifying its capital structure.
ADVERTISEMENT


As part of this agreement with many of its major stakeholders, and as the next step in its previously announced plan to reorganize its businesses, the Company and its U.S. subsidiaries have filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code. SGI's non-U.S. subsidiaries, including European, Canadian, Mexican, South American and Asia Pacific subsidiaries were not included in the filing; will continue their business operations without supervision from the U.S. courts; and will not be subject to the requirements of chapter 11. The Company expects to file its Plan of Reorganization reflecting the agreement shortly, and to emerge from Chapter 11 within six months.

"We want to assure our customers, our employees and our communities that SGI is operating -- business as usual," Dennis P. McKenna, the recently appointed, Chairman and CEO of SGI, stated. "Our customers can continue to rely on SGI for its mission-critical products, services, and support."

This reorganization is planned with no disruption to day-to-day customer and partner activities as the Company positions itself to recapture mindshare and market share. Over the last 100 days, the Company under the leadership of its new management team has had several significant achievements. During this time it has:


-- Assembled a new management team including a new Chief Executive Officer
and Chief Financial Officer, as well as the appointment of other
experienced executives;
-- Closed on some significant sales orders reflecting continued customer
confidence in SGI;
-- Completed a program that has resulted in $100 million in annualized
cost savings with an additional $50 million in savings underway;
-- Identified additional paths to streamline operating and administrative
costs;
-- Improved efficiencies in its manufacturing operations;
-- Strengthened and expanded its product roadmap; and
-- Implemented a plan to reposition its product and market focus to take
advantage of the Company's significant technology and market potential.

"This is a necessary and responsible step that will strengthen the Company and foster a sustained turnaround at SGI. This milestone marks a fundamental and comprehensive change," McKenna continued. "Our customers and partners want the Company to succeed because of the value SGI continues to bring to the disciplines and capabilities of discovery, innovation, engineering and information transformation which are at the center of the world's achievements and business processes."

"We expect to proceed quickly and will emerge from these proceedings with a significantly improved balance sheet and, as a result, greater operating flexibility. I am confident in SGI's future. The new direction I have set is comprehensive, the product portfolio we will unveil is expansive and our dedication to customer satisfaction is unwavering," McKenna added.

Certain holders of the Company's existing Senior Secured notes are providing SGI with a $70 million financing facility. The Senior Secured notes represent a majority of the Company's total outstanding debt. Subject to court approval, the proceeds from the financing together with cash generated from daily operations and cash on hand, will be used to paydown a portion of SGI's pre-petition debt and to fund operating expenses including post-petition supplier payments, employee wages and benefits, and other operating expenses.

The agreement contemplates that the Company's existing Senior Secured bondholders will be converting their existing debt into the new equity of SGI and, through a rights offering, will have the opportunity to purchase $50 million of additional new equity. The $50 million rights offering is being backstopped by certain of these bondholders to ensure that the Company raises the full $50 million of new equity capital. It is contemplated that the $50 million of new capital will be used to reduce debt and further enhance the Company's liquidity.

Upon confirmation of the plan, the new common stock of the Company will be issued to the holders of SGI's Senior Secured bonds in the manner described above. All of SGI's existing common stock and the unsecured subordinated debentures will be cancelled upon confirmation of the plan by the court and receive no recovery. Accordingly, the Company believes that SGI's currently outstanding common stock and unsecured subordinated debentures have no value.

McKenna concluded by stating "We regret the effect that this will have on SGI's shareholders and other unsecured creditors. SGI plays a critical role in the world's infrastructure. This needs to be preserved."

SGI's principal bankruptcy counsel is Weil, Gotshal & Manges LLP.

The filings were made today in the U.S. Bankruptcy Court for the Southern District of New York.

More information about SGI's reorganization is available on the Internet at www.sgi.com/reorg.

Forward-Looking Statements

This news release contains forward-looking statements relating to future events or expected financial performance that involve risks and uncertainties. Factors that might cause such a difference include, but are not limited to: the effects of our chapter 11 filing; our ability to maintain adequate liquidity; and our ability to obtain and maintain normal terms with customers, suppliers and service providers. These and other risks are or will be detailed from time to time in SGI's periodic reports that are filed with the Securities and Exchange Commission, including the Form 8K's filed today in conjunction with this announcement (and other announcements) and SGI's quarterly report on Form 10-Q for the quarter ended December 30, 2005. Silicon Graphics is under no obligation to publicly update or revise any forward-looking statements, whether changes occur as a result of new information, future events or otherwise.

SILICON GRAPHICS | The Source of Innovation and Discovery(TM)

SGI, also known as Silicon Graphics, Inc. (OTC: SGID - News), is a leader in high-performance computing. SGI helps customers solve their computing challenges, whether it's sharing images to aid in brain surgery, finding oil more efficiently, studying global climate, providing technologies for homeland security and defense, enabling the transition from analog to digital broadcasting, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Mountain View, Calif., and can be found on the Web at www.sgi.com.

NOTE: Silicon Graphics, SGI, the SGI cube and the SGI logo are registered trademarks and The Source of Innovation and Discovery is a trademark of Silicon Graphics, Inc., in the United States and/or other countries worldwide. All other trademarks mentioned herein are the property of their respective owners.


MEDIA CONTACT
Lisa Pistacchio
[e-mail]
650.933.5683

SGI PR HOTLINE
650.933.7777

SGI PR FACSIMILE
650.933.0283




--------------------------------------------------------------------------------
Source: SGI


***********************

[zielony]

Antwort auf Beitrag Nr.: 22.307.968 von lion37 am 28.06.06 00:07:09

Ist nicht mehr aktuell

neue News lesen

[zielony]

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): JUNE 23, 2006

SILICON GRAPHICS, INC.

--------------------------------------------------------------------------------

(Exact Name of Registrant as Specified in Charter)


DELAWARE 001-10441 94-2789662
--------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)

1500 CRITTENDEN LANE
MOUNTAIN VIEW, CA 94043-1351
--------------------------------------------------------------------------------
(Address of Principal Executive (Zip Code)
Offices)




Registrant's telephone number, including area code: [phone]

N/A

--------------------------------------------------------------------------------

(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On June 23, 2006, Silicon Graphics, Inc. ("SGI") entered into a Global Settlement Agreement (the "Settlement Agreement") with representatives of (i) the official committee of unsecured creditors in the SGI's chapter 11 cases (the "Creditors' Committee"), (ii) the lenders under SGI's DIP Facility (the "DIP Lenders") and certain holders of Senior Secured Convertible Notes (the "6.50% Plan Sponsors"), and (iii) Lampe Conway & Co., LLC ("Lampe Conway"), the largest holder of the 6 1/8% Convertible Subordinated Debentures due 2011 (the "Subordinated Debentures"). Pursuant to the Settlement Agreement, SGI will settle certain claims and disputes relating to SGI's previously announced financial reorganization process (the "Global Settlement") and the Creditors' Committee, the DIP Lenders, the 6.50% Plan Sponsors and Lampe Conway will support the Global Settlement. The Settlement Agreement requires the parties to support and not object to an amended plan of reorganization (the "Plan") to be filed with the Court on the terms and subject to the conditions set forth in the term sheet ("Plan Term Sheet") annexed to the Settlement Agreement, as it may be amended. Specifically, subject to the term of the Settlement Agreement and the Plan, the 6.50% Plan Sponsors and Lampe Conway will vote in favor of the Plan. In addition, Lampe Conway and the Creditors' Committee will withdraw their respective objections to SGI's DIP Facility.

The Plan Term Sheet provides, among other things, that under the Plan SGI's unsecured creditors will collectively receive $9 million in cash. Holders of SGI's Subordinated Debentures will receive $1.2 million of cash in the aggregate and will have the opportunity to acquire, in exchange for claims and cash, their pro rata share of 700,000 shares of new equity to be issued by SGI upon emergence from chapter 11 by participating in a previously announced $50 million rights offering (the "Rights Offering"), as detailed in the Plan Term Sheet. Lampe Conway shall have the option to purchase the shares not otherwise acquired by those holders of the Subordinated Debentures who fail to participate in the Rights Offering. The Plan Term Sheet does not contain a complete description of all of the terms and conditions that will be contained in the Plan that will be filed by SGI. Accordingly, the foregoing description of the anticipated terms of the Plan is subject to, and qualified in its entirety by reference to the Plan, which SGI anticipates filing with the United States Bankruptcy Court for the Southern District of New York on or about June 30, 2006.

The Settlement Agreement may be terminated by the written consent of the parties, if the Plan has not been confirmed by October 31, 2006, or upon the material breach of the Settlement Agreement.

2

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The foregoing description of the Settlement Agreement and the Plan Term Sheet is qualified in its entirety by reference to the Settlement Agreement and Plan Term Sheet, which are incorporated herein by reference and attached hereto as Exhibit 10.1.

On June 27, 2006, the Company issued a press release announcing that it had entered into the Global Settlement. A copy of the press release is incorporated herein by reference and attached hereto as Exhibit 99.1.

In addition to historical information, this Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statements involve risks and uncertainties that could cause the Company's actual results to differ materially from the future results expressed or implied by the forward-looking statements. All statements other than statements of historical facts included in this Current Report on Form 8-K, including statements regarding the Company's future financial position and results, are forward-looking statements. Factors that might cause such a difference in results include, but are not limited to: the effects of our chapter 11 filing; our ability to maintain adequate liquidity; our ability to obtain and maintain normal terms with customers, suppliers and service providers; our ability to continue as a going concern; our ability to operate pursuant to the terms of our credit agreement; our ability to obtain Court approval and any other required approvals with respect to motions in the chapter 11 case prosecuted by us from time to time; our ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to our chapter 11 case; risks associated with third parties seeking and obtaining Court approval to either terminate or shorten the exclusivity period that we have to propose and confirm one or more plans of reorganization; risks associated with third parties seeking and obtaining Court approval to appoint a chapter 11 trustee; risks, although not likely, associated with third parties seeking and obtaining Court approval to convert the chapter 11 filing to a chapter 7 filing; our ability to maintain contracts that are critical to our operation; our ability to conclude our exploration of strategic alternatives; risks associated with the volatility of our stock price; risks associated with the timely development, production and acceptance of new products and services; increased competition; dependence on third party partners and suppliers; the failure to achieve expected product mix and revenue levels; failure to manage costs and generate improved operating results and cash flows; failure to maintain compliance with debt covenants; and failure to maintain adequate cash resources for the operation of the business. Additionally, due to material uncertainties, it is not possible to predict the length of time we will operate under chapter 11 protection, the outcome of the proceeding in general, whether we will continue to operate under our current organizational structure, or the effect of the proceeding on our businesses and the interests of various creditors and security holders.

All information set forth herein is current as of the date of this Current Report on Form 8-K. The Company undertakes no duty to update any statement in light of new information or future events. For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of the

3

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Company's SEC filings, including, but not limited to, its Form 10-Q for the quarter ended December 30, 2005.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit
No. Description
--- -----------
10.1 Global Settlement Agreement dated June 23, 2006.
99.1 Press Release dated June 27, 2006.




4

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Silicon Graphics, Inc.

Dated: June 27, 2006 By: /s/ Barry Weinert
---------------------------------
Barry Weinert
Vice President and
General Counsel




5

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EXHIBIT INDEX

Exhibit
No. Description
--- -----------
10.1 Global Settlement Agreement dated June 23, 2006.
99.1 Press Release dated June 27, 2006.




6

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GLOBAL SETTLEMENT AGREEMENT

June 23, 2006

David Neier, Esq. Allan S. Brilliant, Esq.
Steven Schwartz, Esq. Goodwin Procter LLP
Winston & Strawn LLP 599 Lexington Avenue
200 Park Avenue New York, New York 10022
New York, New York 10166-4193


Dennis Dunne, Esq.
Susheel Kirpalani, Esq.
Milbank, Tweed, Hadley & McCloy LLP
One Chase Manhattan Plaza
New York, New York 10005-1413




Re: In re Silicon Graphics, Inc. et al. (Case No. 06-10977)

Gentlemen:

This letter agreement (the "Agreement") is made and entered into as of the date hereof and sets forth certain terms and conditions pursuant to which Silicon Graphics, Inc., a debtor-in-possession in a chapter 11 case pending in the Southern District of New York, and its debtor subsidiaries1 (collectively, the "Debtors") will settle certain claims and disputes, and upon which (i) the statutory committee of unsecured creditors in the Debtors' chapter 11 cases (the "Creditors' Committee"); (ii) Quadrangle Master Funding Ltd., Watershed Technology Holdings, LLC and Encore Fund, L.P., as lenders under the Debtors' DIP Facility (the "DIP Lenders"), (iii) the holders of Senior Secured Convertible Notes party to that certain Restructuring Agreement with Silicon Graphics, Inc., dated May 7, 2006 (the "6.50% Plan Sponsors") and (iv) Conway & Co., LLC ("Lampe Conway") will support such settlement (the "Global Settlement").


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(1) Silicon Graphics Federal, Inc., Cray Research, L.L.C., Silicon Graphics Real Estate, Inc., Silicon Graphics World Trade Corporation, Silicon Studio, Inc., Cray Research America Latina Ltd., Cray Research Eastern Europe Ltd., Cray Research India Ltd., Cray Research International, Inc., Cray Financial Corporation, Cray Asia/Pacific, Inc., Paragraph International, Inc., and WTI Development, Inc.


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The Global Settlement will be implemented through confirmation of a plan of reorganization in accordance with the term sheet attached hereto (as it may be amended as provided herein, the "Plan")2:

During the period commencing on the date of this Agreement and continuing until the termination of this Agreement as provided for in paragraph 3 hereof, the Debtors, the Creditors' Committee, the DIP Lenders, the 6.50% Plan Sponsors and Lampe Conway (collectively, the "Parties") agree as follows:

1. The Parties will use their reasonable and diligent efforts to seek prompt confirmation and consummation of the Plan and will take such other actions (in addition to those contemplated by the Plan and related documents) and execute such other documents (in addition to the Plan and related documents) as may be reasonably necessary to consummate the Plan, subject to the terms and conditions of the Plan and related documents (the "Plan Documents"), which documents shall include with respect to the 6.50% Plan Sponsors, the Restructuring Agreement filed with the Bankruptcy Court on May 9, 2006 (as amended from time to time, the "Restructuring Agreement"), and the Rights Offering Common Stock Purchase Agreement, and with respect to Lampe Conway, the Lampe Conway Rights Offering Common Stock Purchase Agreement; provided, however, that with respect to the Restructuring Agreement, the Debtors and the 6.50% Plan Sponsors agree that the Agreement Termination Event in section 7(b)(vii) thereof as to filing the Disclosure Statement has been extended to June 30, 2006 and that the Agreement Termination Event in section 7(b)(viii) thereof as to Bankruptcy Court approval of the Disclosure Statement has been extended to August 1, 2006; and further provided, however, that notwithstanding section 7(c) of the Restructuring Agreement, the Debtors agree that they will not terminate the Restructuring Agreement without Bankruptcy Court approval. The Parties agree that they will not object to the Plan or take any action directly or indirectly inconsistent with the terms and conditions of this Agreement or that would unreasonably delay confirmation or consummation of the Plan or approval of the disclosure statement for the Plan subject to the terms and conditions of the Plan and the Plan Documents. The Parties further agree that this Agreement or the terms herein will be presented to the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") prior to or at the final hearing for approval of the Debtors' postpetition credit facility currently scheduled for June 26, 2006 (the "DIP Facility").

2. The Creditors' Committee will, and the 6.50% Plan Sponsors shall use their reasonable best efforts to cause the Ad Hoc Committee of Senior Secured Note holders (the "Ad Hoc Committee") to, include in the solicitation materials accompanying the disclosure statement for the Plan letters supporting the Plan. The 6.50% Plan Sponsors and Lampe Conway agree that subject to prior receipt of a disclosure statement approved by the Bankruptcy Court in respect of the Plan, that they will vote in favor of the Plan subject to the terms and conditions of this Agreement, the Plan, and the Plan Documents. No provision of this Agreement obligates the individual members of the Creditors' Committee to vote for or against the Plan. The Creditors' Committee agrees, and the 6.50% Plan Sponsors shall use their reasonable best efforts to cause


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(2) Capitalized terms not defined herein shall have the meanings ascribed to such terms in the term sheet attached hereto.

2

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the Ad Hoc Committee, to provide a copy of the solicitation letters to the other Parties prior to its incorporation into any solicitation package for reasonable comment.

3. This Agreement and the rights and obligations of the Parties hereunder (other than any liability for breach prior to termination) shall (i) terminate if (a) all of the Parties consent in writing to such termination or
(b) the Plan has not been confirmed by October 31, 2006 or (ii) be terminable by any non-breaching Party upon the material breach of this Agreement, the Plan, or the Plan Documents by any other Party.

4. The Debtors' Motion Pursuant to Section 1122 of the Bankruptcy Code and Bankruptcy Rule 3013 for Order Determining Classification of Certain Claims for Purposes of Debtors' Joint Plan of Reorganization dated June 15, 2006 (the "3013 Motion") is settled as part of this Agreement; provided, however, that in the event that the Plan is not confirmed or this Agreement is terminated under paragraph 3 hereof, the Parties reserve all rights with respect to the 3013 Motion.

5. The Creditors' Committee shall withdraw the Motion and Memorandum of Law of the Official Committee of Unsecured Creditors to Transfer Venue, dated June 19, 2006 without prejudice.

6. The Creditors' Committee and Lampe Conway shall withdraw their respective objections to the Debtors' motion to approve the DIP Facility.

7. The Plan shall not be modified or amended in any materially adverse way to Lampe Conway or the holders of the Debtors' Convertible Subordinated Debentures, which bear interest at the rate of 6.125% per annum (the "Cray Unsecured Debentures") without the prior written consent of Lampe Conway and the Creditors' Committee (which consent of the latter shall not be unreasonably withheld or delayed) unless each of the following conditions is satisfied:

(1) such modification or amendment is to provide for a Permitted Transaction (as defined below); and

(2) notwithstanding such Permitted Transaction, the capital structure of Reorganized SGI shall not consist of more than one class of common stock; and

(3) notwithstanding such Permitted Transaction, Reorganized SGI shall emerge from bankruptcy as a public reporting company; and

(4) if the Permitted Transaction involves the issuance of New Common Stock or securities convertible or exchangeable for New Common Stock, holders of claims on account of the Cray Unsecured Debentures shall be diluted pro rata based upon the number of shares outstanding on the effective date of the Plan and assuming full issuance of any shares based on the Rights Offering and the actual number of Overallotment Shares issued; and

3

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(5) if the Permitted Transaction involves the sale, repurchase or redemption of New Common Stock to be issued under the Plan, holders of claims on account of the Cray Unsecured Debentures shall have the pro rata right to participate in such sale, repurchase or redemption based upon the number of shares outstanding on the effective date of the Plan and assuming full issuance of any shares based on the Rights Offering and the actual number of Overallotment Shares issued; and

(6) if the Permitted Transaction involves the payment of any dividend or distribution on account of New Common Stock, holders of claims on account of the Cray Unsecured Debentures shall receive the pro rata share of such dividend or distribution based upon the number of shares outstanding on the effective date of the Plan and assuming full issuance of any shares based on the Rights Offering and the actual number of Overallotment Shares issued; and

(7) if the Permitted Transaction involves the sale or transfer (including a license) of assets, the proceeds of such sale or transfer, including without limitation any ownership interests in a separate legal entity, shall be distributed pro rata based upon the number of shares outstanding on the effective date of the Plan and assuming full issuance of any shares based on the Rights Offering and the actual number of Overallotment Shares issued.

The Parties hereto agree that the Debtors, with the prior consent of the 6.50% Plan Sponsors, and upon notice to the Creditors' Committee and Lampe Conway, may make non-material and non-adverse changes to the Plan.

"Permitted Transaction" shall mean any of the following:

i. the sale or transfer (including by means of merger, consolidation or other business combination) of non-core assets to a separate legal entity, or the dissolution of legal entities;

ii. the sale or transfer of New Common Stock for cash to an unaffiliated third party including, without limitation, any such sale or transfer resulting in a Change of Control (as defined below);

iii. the repurchase or redemption of New Common Stock or Rights to be issued under the Plan;

iv. the payment of any dividend in cash or stock or the making of any other cash distributions to holders of New Common Stock;

v. the issuance of any securities to an unaffiliated third party including, without limitation, warrants or securities convertible or exchangeable for New Common Stock; provided, however, that the liquidation preference of any preferred stock, the face value of any debt securities, the indebtedness and guarantee of indebtedness (excluding the guarantee by a Debtor of one or more Debtor's indebtedness

4

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or coborrowing by a Debtor with one or more Debtors) referenced in (vi) below, and the outstanding amount of the Exit Facility shall not exceed, in the aggregate, $100,000,000;

vi. the incurrence of indebtedness, guarantee of indebtedness or creation of liens in favor of an unaffiliated third party; provided, however, that the amount of such incurrence or guarantee (excluding the guarantee by a Debtor of one or more Debtor's indebtedness or coborrowing by a Debtor with one or more Debtors), the liquidation preference of any preferred stock, the face value of any debt securities, and the outstanding amount of the Exit Facility shall not exceed, in the aggregate, $100,000,000;

vii. the sale or transfer of assets for cash to an unaffiliated third party or separate legal entity, including, without limitation, any such sale or transfer resulting in a Change of Control, provided, however, that such sale or transfer is not for substantially all of the assets of the Debtors;

viii. the sale, transfer, license of any intellectual property or the purchase or license of any intellectual property, in each case involving an unaffiliated third party or separate legal entity;

ix. any merger, consolidation or other business combination (a) between or among the Debtors, or (b) with any unaffiliated third party, including without limitation, any merger, consolidation or other business combination resulting in a Change of Control, provided, however that the entity used by the unaffiliated third party in connection with such merger, consolidation or other business combination shall have been formed solely for the purpose of engaging in such transaction and shall not have engaged in other business activities or other operations;

x. any increase or decrease in the number of directors on the board;

xi. any change in the means of appointing directors; and

xii. the entry into a management contract or other agreement customarily used in connection with the transactions contemplated in clauses (i) - (xi) above with an unaffiliated third party.

"Change of Control" shall mean the sale, exchange or transfer by holders, in a single transaction or series of related transactions, of New Common Stock representing a majority of the voting power to elect the directors of Reorganized SGI.

In the event of any modification or amendment to the Plan to provide for a Permitted Transaction, the Debtors shall reimburse the reasonable fees and expenses of legal and financial advisors to Lampe Conway up to an additional $100,000 for costs incurred in connection with the review and documentation of such modification or amendment.

8. This Agreement shall be governed by and construed in accordance with the federal bankruptcy laws and the internal laws of the State of New York, without regard to any conflicts of law provision which would require the application of the law of any other jurisdiction. By its execution and delivery of this Agreement, each of the Parties hereby

5

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irrevocably and unconditionally agrees for itself that any legal action, suit, or proceeding against it with respect to any matter under or arising out of or in connection with this Agreement or for recognition or enforcement of any judgment rendered in any such action, suit, or proceeding, may be brought in the Bankruptcy Court. By execution and delivery of this Agreement, each of the Parties irrevocably accepts and submits itself to the nonexclusive jurisdiction of such court, generally and unconditionally, with respect to any such action, suit, or proceeding.

9. This Agreement is intended to bind and inure to the benefit of the Parties and their respective successors, permitted assigns, heirs, executors, administrators, and representatives.

10. No provision in this Agreement is intended to benefit any entity not a party to the Agreement, and there shall be no third party beneficiaries to the Agreement.

11. This Agreement, including the Term Sheet annexed hereto, supersedes all prior negotiations with respect to this Global Settlement Agreement; provided, however, that nothing in this Agreement shall affect the terms and conditions of the Restructuring Agreement, which shall remain unchanged except the Plan Term Sheet (as defined in the Restructuring Agreement) shall be replaced with the plan term sheet attached hereto.

12. Lampe Conway represents and warrants to the other Parties that (i) Lampe Conway either (A) is the beneficial owner of not less than $30,000,000 aggregate principal amount (the "Lampe Conway Debentures") of Cray Unsecured Debentures (as defined in the Term Sheet) or (B) has investment and voting discretion with respect to such Lampe Conway Debentures and has the power and authority to bind the beneficial owners of such Lampe Conway Debentures to the terms of this Agreement and (ii) such Lampe Conway Debentures are beneficially owned free and clear of any mortgage, deed of trust, security interest, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or otherwise), or other security agreement, option, warrant, attachment, right of first refusal, preemptive, put, call or other claim or right, limitation or restriction on transfer (other than restrictions imposed by federal and state securities laws) or preferential arrangement of any kind or nature whatsoever.

13. Before any transfer or sale of any Lampe Conway Debentures by Lampe Conway shall be effective, the transferee thereof must agree in writing to be bound by this Agreement by executing a counterpart signature page to this Agreement. This Agreement shall in no way preclude Lampe Conway from acquiring additional Cray Unsecured Debentures; however any such Cray Unsecured Debentures so acquired shall automatically be deemed to be subject to the terms of this Agreement.

14. The Debtors will provide drafts of the Plan, the Plan Documents and the disclosure statement relating to the Plan to the Parties hereto, and, if requested, the Debtors will respond to reasonable requests for information concerning the Debtors' business or assets. All information furnished to Lampe Conway pursuant to this section shall furnished to Lampe Conway's advisors only, and Lampe Conway's advisors shall be subject to the provisions of the existing protective order between SGI and Lampe Conway.

15. Nothing in this Agreement is intended to, or does, in any manner amend, modify, waive, limit, impair or restrict, or consent to the amendment, modification, waiver, limitation,

6

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impairment or restriction of, the rights and remedies of the DIP Lenders under
(i) the Post-Petition Loan and Security Agreement, dated as of May 8, 2006 (as amended, supplemented or otherwise modified from time to time, the "Interim DIP Loan Agreement"), by and among the DIP Lenders and the Debtors, (ii) the DIP Facility, (iii) any documents or agreements entered into in connection with the Interim DIP Loan Agreement or the DIP Facility or (iv) any order approving the documents referenced in clauses (i) through (iii) of this paragraph Section 15, all of which are hereby reserved. Pursuant to Sections 8.12(a) and (b) of the Interim DIP Loan Agreement and Sections 8.10(a) and (b) of the DIP Facility, the DIP Lenders agree that the Plan contemplated hereby is acceptable to the DIP Lenders.

16. Except as otherwise expressly provided in this Agreement, nothing herein is intended to, or does, in any manner waive, limit, impair or restrict the ability of Lampe Conway to protect and preserve any of its rights, remedies, and interests, including without limitation its claims against the Debtors, or its full participation in the Debtors' bankruptcy cases. If the Plan is not consummated, or if this Agreement is terminated in accordance with its terms, the Parties hereto reserve any and all of their respective rights. Pursuant to Federal Rule of Evidence 408 and any applicable state rules of evidence, neither this Agreement, the Plan, nor the Plan Documents shall be admitted into evidence in any proceeding other than to enforce their terms.

17. This Agreement is not and shall not be deemed to be a solicitation for votes in favor of the Plan. No vote will be solicited until each Party entitled to vote has received the disclosure statement approved by the Bankruptcy Court.

18. Each of the signatories to this Agreement has the authority to execute this Agreement and to bind its client(s) to the terms and conditions hereof.

7

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19. This Agreement, including the Term Sheet annexed hereto, may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall constitute one and the same Agreement.

20. The Debtors will seek Bankruptcy Court approval of this Agreement in connection with confirmation of the Plan.

Sincerely,

/s/ Gary T. Holtzer, Esq
-----------------------------------
Gary T. Holtzer, Esq.
Weil, Gotshal & Manges LLP
for the Debtors




AGREED AND ACCEPTED

/s/ David Neier, Esq.
---------------------------------
David Neier, Esq.
Steven Schwartz, Esq.
Winston & Strawn LLP
for the Creditors' Committee


/s/ Allan S. Brilliant, Esq.
---------------------------------
Allan S. Brilliant, Esq.
Goodwin Procter LLP
for the The DIP Lenders
and the 6.50% Plan Sponsors


/s/ Dennis Dunne, Esq.
---------------------------------
Dennis Dunne, Esq.
Susheel Kirpalani, Esq.
Milbank, Tweed, Hadley & McCloy LLP
for Lampe Conway & Co., LLC




8

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SILICON GRAPHICS, INC.

Plan Term Sheet

June 23, 2006

This term sheet describes the material terms of a financial restructuring of Silicon Graphics, Inc. ("SGI" and, as reorganized, "Reorganized SGI") and certain of its subsidiaries (together with SGI, the "Company" and, as reorganized with Reorganized SGI, the "Reorganized Company"). The transactions contemplated by this term sheet are subject to conditions to be set forth in definitive documents.

Reference is hereby made to the following agreements:

(i) Third Amended and Restated Credit Agreement, dated as of October 24, 2005 among SGI, Silicon Graphics Federal, Inc., Silicon Graphics World Trade Corporation, Wells Fargo Foothill, Inc., as Agent and Lender, and Ableco Finance LLC, as Lender (the "Loan Agreement");

(ii) Indenture, dated as of December 24, 2003 among SGI and U.S. Bank National Association, as Trustee, regarding 6.50% Senior Secured Convertible Notes due 2009 (the "6.50% Secured Notes");

(iii) Indenture, dated as of December 24, 2003 among SGI and U.S. Bank National Association, as Trustee, regarding 11.75% Senior Secured Notes due 2009 (the "11.75% Secured Notes"); and

(iv) First Supplemental Indenture, dated as of June 30, 1996 among SGI, Cray Research, Inc. and JPMorgan Chase (formerly known as Manufacturers Hanover Trust Company), as Trustee, regarding 6-1/8% Convertible Subordinated Debentures due 2011 (the "Cray Unsecured Debentures") (which supplements the Indenture dated as of February 1, 1986 between Cray Research, Inc. and Manufacturers Hanover Trust Company, as Trustee).

On May 8, 2006, SGI and certain of its direct and indirect subsidiaries (collectively, the "Debtors") filed with the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") cases (the "Chapter 11 Cases") under chapter 11 of Title 11 of the United States Code (11 U.S.C. SectionSection 101 et seq. (as amended, the "Bankruptcy Code")). SGI shall restructure its capital structure through a joint chapter 11 plan of reorganization (as amended, modified or supplemented from time to time, the "Plan") consistent with the terms below, which are agreed to by (i) the ad hoc committee (the "Ad Hoc Committee") of certain holders of the 6.50% Secured Notes, (ii) the Official Committee of Unsecured Creditors (the "Creditors' Committee"), and (iii) Lampe, Conway & Co. LLC ("Lampe Conway").


--------------------------------------------------------------------------------

TREATMENT OF CLAIMS AND INTERESTS UNDER THE PLAN

DIP Financing Any Debtor in Possession financing (the "DIP
Financing") shall be paid in full on the
effective date of the Plan. $50 million of
DIP Financing provided by the holders of the
6.50% Secured Notes (the "Senior Note
Lenders") shall be repaid on the effective
date of the Plan by the Rights Offering (as
defined below).

Loan Agreement Claims Subject to review of the validity and
perfection of liens and security interests
of the lenders under the Loan Agreement (the
"Senior Credit Lenders") by the Creditors'
Committee, the claims arising from the Loan
Agreement shall, to the extent not repaid
during the pendency of the Chapter 11 Cases
be paid in full in cash on the effective
date of a Plan.

6.50% Secured Notes and 11.75% Holders of claims on account of the 6.50%
Secured Notes Claims Secured Notes and the 11.75% Secured Notes
shall receive their pro rata share of (a)
2,500,000 shares of newly issued common
stock of Reorganized SGI (the "Distribution
Common Stock") constituting 25% of the New
Common Stock (as defined below), (b)
6,800,000 rights to purchase one share of
New Common Stock ("Rights" and each, a
"Right") at the Rights Offerings Price (as
defined below), and (c) 100% of the
beneficial interests in a trust or other
entity that will liquidate any potential
claims held by the Debtors in the DRAM price
fixing litigation and the Debtors shall
contribute $250,000 cash to such trust or
other entity.

The aggregate shares (the "New Common
Stock") of the Distribution Common Stock and
the Rights Offering Common Stock (as defined
below) shall constitute 100% of the
outstanding equity of Reorganized SGI,
subject to dilution for the Overallotment
Shares (as defined below) and the Management
Incentive Plan (as defined below). The
aggregate number of shares of New Common
Stock of Reorganized SGI shall initially be
10,000,000 without dilution for the
Overallotment Shares and 11,125,000 shares
assuming exercise of 100% of the
Overallotment Shares.

General Unsecured Claims "General Unsecured Claims" means allowed
general unsecured claims against the
Debtors, excluding (i) claims on account of
the Cray Unsecured Debentures and (ii) any
deficiency claims on account of the 6.50%
Secured Notes and the 11.75% Secured Notes.
Holders of General Unsecured Claims against
SGI shall receive their pro rata share of
$9.0 million. Holders of General

2




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Unsecured Claims against Silicon Graphics
Federal, Inc. ("Federal") and Silicon
Graphics World Trade Corporation ("World
Trade") shall be paid in full or otherwise
be treated as unimpaired provided, however,
that a condition to the effectiveness of the
Plan shall be that allowed General Unsecured
Claims against Federal and World Trade shall
not exceed $1 million in the aggregate (not
including cure claims).

Cray Unsecured Debentures Holders of Claims on account of the Cray
Unsecured Debentures shall receive their pro
rata share of (a) 700,000 Rights at the
Rights Offering Price and (b) $1.2 million
(less the reasonable fees and expenses
(including reasonable fees and expenses of
counsel) of the Indenture Trustee for the
Cray Unsecured Debentures). The record date
for holders of Cray Unsecured Debentures to
be eligible to participate in the Rights
Offering shall be ten (10) days after notice
of the Rights Offering in respect of such
holders is received by the NASD. The Debtors
will send notice of such record date to the
NASD within one (1) business day after the
Global Settlement Agreement is announced by
the Debtors in open court before the
Bankruptcy Court.

Equity Interests Holders of equity interests in SGI shall
receive no recovery and all equity interests
in SGI shall be cancelled.

ADDITIONAL PROVISIONS OF PLAN

Rights Offering Rights Offering. Pursuant to an election to
be made on or with the ballot in conjunction
with voting on the Plan (the "Rights
Offering"), (i) the holders of the 6.50%
Secured Notes and the 11.75% Secured Notes
shall have the right to purchase on the
effective date of a Plan, on a ratable
basis, 6,800,000 shares of New Common Stock
(the "Rights Offering Common Stock") in
consideration for such claims and $6.67 per
share (the "Rights Offering Price") and (ii)
the holders of the Cray Unsecured Debentures
shall have Rights to purchase 700,000 shares
of the New Common Stock in consideration for
such claims and the Rights Offering Price
(the "Cray Rights Offering Shares").

Senior Note Lenders Rights Offering
Commitment. In

3




--------------------------------------------------------------------------------

accordance with the terms and subject to the
conditions of a purchase agreement in form
and substance acceptable to the Senior Note
Lenders in their sole discretion (the
"Rights Offering Common Stock Purchase
Agreement"), the Senior Note Lenders shall
commit (the "Rights Offering Commitment") to
purchase at the Rights Offering Price, the
aggregate shares of the Rights Offering
Common Stock not otherwise purchased in the
Rights Offering or pursuant to the Lampe
Conway Rights Offering Stock Purchase
Agreement (defined below), the allocation of
which shall be agreed upon among the Senior
Note Lenders.

Lampe Conway Rights Offering Option. In
accordance with the terms and subject to the
conditions of a purchase agreement in form
and substance reasonably satisfactory to
Lampe Conway (the "Lampe Conway Rights
Offering Common Stock Purchase Agreement"),
Lampe Conway shall have the option to
purchase at the Rights Offering Price, the
aggregate shares of the Cray Rights Offering
Shares not otherwise purchased in the Rights
Offering by the holders of Cray Unsecured
Debentures. Lampe Conway shall notify the
Debtors in writing on or before five (5)
days after the deadline to exercise such
Rights of its determination to purchase the
Cray Rights Offering Shares not otherwise
purchased by the holders of Cray Unsecured
Debentures and the amount thereof.

Commitment Fee. In exchange for the Rights
Offering Commitment, the Senior Note Lenders
shall receive a commitment fee equal to
$1,000,000.

Over-Allotment Rights. In exchange for the
Rights Offering Commitment, the Senior Note
Lenders shall receive the right (but shall
have no obligation) to purchase at the
Rights Offering Price 1,125,000 shares
comprising 15% of the Rights Offering Common
Stock (the "Overallotment Shares"), the
allocation of which shall be agreed upon
among the Senior Note Lenders.

Lampe Conway Expense Reimbursement. Lampe
Conway shall receive an amount up to
$315,000 for reimbursement of expenses
(including the reasonable fees and expenses
of counsel and financial advisors) incurred
in connection with these chapter 11 cases.

Chapter 5 Causes of Action The Reorganized Company may pursue any
causes of

4




--------------------------------------------------------------------------------

action under Chapter 5 of the Bankruptcy
Code in their sole discretion. Prior to the
time of filing the plan supplement to the
Plan, the Debtors will meet and confer with
the professionals for the 6.50% Plan
Sponsors and the professionals for the
Creditors' Committee regarding potential
causes of action under section 547 of the
Bankruptcy and potential defendants
thereunder. The Debtors will file as part of
the plan supplement to the Plan a list of
potential defendants under section 547 of
the Bankruptcy Code.

Public Company Reorganized SGI will emerge from chapter 11
as a public reporting company.

Trading/Registration Rights - Newly-issued common stock of
Reorganized SGI issued in exchange
for claims shall be freely-tradable
pursuant to section 1145 of the
Bankruptcy Code, unless any such
holder is deemed an "underwriter,"
as that term is defined in section
1145(b)(1) of the Bankruptcy Code.




- Registration Rights. On the effective date of the Plan, Reorganized SGI shall enter into a registration rights agreement (the "Registration Rights Agreement") with any holders that will own greater than 7.5% of the outstanding New Common Stock upon the effective date of the Plan pursuant to which Reorganized SGI shall agree, subject to the terms and conditions set forth in the Registration Rights Agreement, to register the resale of the shares of New Common Stock issued to any such holders in accordance with the requirements of the Securities Act of 1933, as amended. The Registration Rights Agreement shall provide that any holder owning greater than 7.5% of the outstanding New Common Stock upon the effective date of the Plan shall be entitled to two (2) demand rights and unlimited piggyback registration rights.

- In the event any New Common Stock
is not entitled to exemption from
registration, then the holders
thereof shall be entitled to
unlimited piggyback registration
rights.

Exit Facility A term loan facility and a revolving
loan/letter of credit facility (the "Exit
Facility"), the total of which shall not
exceed $100 million or such other amount as
the Company and the Ad Hoc Committee deem
appropriate and necessary on the effective
date of the Plan, shall be made available to

5




--------------------------------------------------------------------------------

the Reorganized Company by one or more
lenders on terms and conditions acceptable
to the Reorganized Company and the Ad Hoc
Committee; provided, however, that the
consent of Lampe Conway, which consent shall
not be unreasonably withheld, shall be
required if the amount of borrowings
outstanding under such facility exceed $100
million on the effective date of the Plan.

Management Incentive Plan On or as soon as reasonably practicable
after the effective date of the Plan, a
management incentive plan (the "Management
Incentive Plan") shall be implemented to
reserve for designated members of senior
management of the Reorganized Company equity
interests (including restricted common stock
and/or options) in Reorganized SGI in an
amount not to exceed 10% of the New Common
Stock. The Management Incentive Plan shall
be in form and substance acceptable to both
the Company and the Ad Hoc Committee. The
Management Incentive Plan shall be disclosed
prior to the deadline for voting on the
Plan.

Corporate Governance On the effective date of the Plan, the Board
of Directors of Reorganized SGI shall be
comprised of five (5) members which shall be
selected by the Ad Hoc Committee. The
identities of the members of the Board of
Directors shall be disclosed prior to the
commencement of the hearing to consider
confirmation of the Plan.

Affiliate Transactions Other than as contemplated by the Plan, for
a period of two years from and after the
effective date of the Plan, in the event
that Reorganized SGI consummates any
transaction with any holder of 10% or more
of the New Common Stock or any of such
holder's affiliates (each, an "SGI
Affiliate") pursuant to which Reorganized
SGI sells assets to, issues New Common Stock
or any right to acquire New Common Stock to,
repurchases stock from, or borrows from or
lends to such SGI Affiliate in a private
transaction, in each such case, in an amount
greater than $25,000,000 (each an "Affiliate
Transaction") Reorganized SGI shall obtain a
written opinion from an independent
nationally recognized financial advisor as
to the fairness to Reorganized SGI of the
Affiliate Transaction.




6

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Exhibit 99.1

(SGI LETTERHEAD)

NEWS RELEASE

1200 Crittenden Lane
Mountain View, CA 94043 Telephone [phone] sgi.com

MEDIA CONTACT
Lisa Pistacchio
[e-mail]
650.933.5683

SGI PR HOTLINE
650.933.7777

SGI PR FACSIMILE
650.933.0317

FOR IMMEDIATE RELEASE

SGI REACHES GLOBAL AGREEMENT WITH OFFICIAL COMMITTEE OF UNSECURED CREDITORS AS REORGANIZATION MOVES ON ACCELERATED PATH

COMPANY ALSO RECEIVES APPROVAL FOR $130 MILLION FINANCING FACILITY, PROVIDING THE LIQUIDITY AND FLEXIBILITY NEEDED TO COMPLETE REORGANIZATION

MOUNTAIN VIEW, Calif. (June 27, 2006)--Silicon Graphics (OTC: SGID) today announced it has gained the support of its Official Committee of Unsecured Creditors and the largest holder of its Subordinated Debentures on a proposed reorganization plan. This is important milestone in SGI's reorganization process. The development paves the way for a speedy exit from Chapter 11 as a public company. The Company anticipates filing an amended Plan of Reorganization together with a Disclosure Statement by June 30, 2006.

"Our pre-negotiated plan reflected an agreement with an ad-hoc committee of our Secured Noteholders," said Dennis McKenna, chairman and CEO of SGI. "Through the diligent efforts of all parties, we have now won the additional support of our Official Committee of Unsecured Creditors, which is made up of representative trade creditors and holders of our Subordinated Debentures. We have also reached a settlement with the largest holder of our Subordinated Debentures. Such agreements are crucial to a successful reorganization. Our exit timeline remains on track. We are grateful to our employees, customers, vendors and partners who have remained loyal to us throughout this process."

Also today, SGI announced that it received Court approval for the $130 million financing facility with Morgan Stanley that was announced June 1, 2006. The financing agreement will fund day-to-day operations during SGI's reorganization process, providing the enhanced liquidity and flexibility needed to complete the Company's reorganization.

More information about SGI's reorganization is available on the Internet at www.sgi.com/reorg. Details of the agreement with the Official Committee of Unsecured Creditors are available in the Form 8-K filed today with the SEC.

--more--


--------------------------------------------------------------------------------

(SGI LOGO)

SGI REACHES GLOBAL AGREEMENT WITH OFFICIAL COMMITTEE OF UNSECURED CREDITORS AS REORGANIZATION MOVES ON ACCELERATED PATH/2

Forward-Looking Statements
This news release contains forward-looking statements relating to future events or expected financial performance that involve risks and uncertainties. Factors that might cause such a difference include, but are not limited to: the effects of our chapter 11 filing; our ability to maintain adequate liquidity; and our ability to obtain and maintain normal terms with customers, suppliers and service providers. These and other risks are or will be detailed from time to time in SGI's periodic reports that are filed with the Securities and Exchange Commission, including the Form 8K filed on June 27, 2006 and SGI's quarterly report on Form 10-Q for the quarter ended December 30, 2005. Silicon Graphics is under no obligation to publicly update or revise any forward-looking statements, whether changes occur as a result of new information, future events or otherwise.

SILICON GRAPHICS | THE SOURCE OF INNOVATION AND DISCOVERY(TM) SGI, also known as Silicon Graphics, Inc. (OTC: SGID), is a leader in high-performance computing. SGI helps customers solve their computing challenges, whether it's sharing images to aid in brain surgery, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, enabling the transition from analog to digital broadcasting, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Mountain View, Calif., and can be found on the Web at www.sgi.com.

-- end --

Silicon Graphics, SGI, the SGI cube and the SGI logo are registered trademarks, and The Source of Innovation and Discovery is a trademark of Silicon Graphics, Inc., in the United States and/or other countries worldwide. All other trademarks mentioned herein are the property of their respective owners.

[zielony]

http://edgar.brand.edgar-online.com/fetchFilingFrameset.aspx…

[lion37]

Antwort auf Beitrag Nr.: 22.308.061 von zielony am 28.06.06 00:14:02

wie ich schon schrieb....
nur die bondholder werden bedient.
aber morgen bist du schlauer

träume weiter
gute nacht

[zielony]

Antwort auf Beitrag Nr.: 22.308.177 von lion37 am 28.06.06 00:24:17

Du schreibst nur Müll

[zielony]

Form 8-K for SILICON GRAPHICS INC


--------------------------------------------------------------------------------

27-Jun-2006

Entry into a Material Definitive Agreement, Financial Statements and Exhibit



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On June 23, 2006, Silicon Graphics, Inc. ("SGI") entered into a Global Settlement Agreement (the "Settlement Agreement") with representatives of (i) the official committee of unsecured creditors in the SGI's chapter 11 cases (the "Creditors' Committee"), (ii) the lenders under SGI's DIP Facility (the "DIP Lenders") and certain holders of Senior Secured Convertible Notes (the "6.50% Plan Sponsors"), and (iii) Lampe Conway & Co., LLC ("Lampe Conway"), the largest holder of the 6 1/8% Convertible Subordinated Debentures due 2011 (the "Subordinated Debentures"). Pursuant to the Settlement Agreement, SGI will settle certain claims and disputes relating to SGI's previously announced financial reorganization process (the "Global Settlement") and the Creditors' Committee, the DIP Lenders, the 6.50% Plan Sponsors and Lampe Conway will support the Global Settlement. The Settlement Agreement requires the parties to support and not object to an amended plan of reorganization (the "Plan") to be filed with the Court on the terms and subject to the conditions set forth in the term sheet ("Plan Term Sheet") annexed to the Settlement Agreement, as it may be amended. Specifically, subject to the term of the Settlement Agreement and the Plan, the 6.50% Plan Sponsors and Lampe Conway will vote in favor of the Plan. In addition, Lampe Conway and the Creditors' Committee will withdraw their respective objections to SGI's DIP Facility.

The Plan Term Sheet provides, among other things, that under the Plan SGI's unsecured creditors will collectively receive $9 million in cash. Holders of SGI's Subordinated Debentures will receive $1.2 million of cash in the aggregate and will have the opportunity to acquire, in exchange for claims and cash, their pro rata share of 700,000 shares of new equity to be issued by SGI upon emergence from chapter 11 by participating in a previously announced $50 million rights offering (the "Rights Offering"), as detailed in the Plan Term Sheet. Lampe Conway shall have the option to purchase the shares not otherwise acquired by those holders of the Subordinated Debentures who fail to participate in the Rights Offering. The Plan Term Sheet does not contain a complete description of all of the terms and conditions that will be contained in the Plan that will be filed by SGI. Accordingly, the foregoing description of the anticipated terms of the Plan is subject to, and qualified in its entirety by reference to the Plan, which SGI anticipates filing with the United States Bankruptcy Court for the Southern District of New York on or about June 30, 2006.

The Settlement Agreement may be terminated by the written consent of the parties, if the Plan has not been confirmed by October 31, 2006, or upon the material breach of the Settlement Agreement.

The foregoing description of the Settlement Agreement and the Plan Term Sheet is qualified in its entirety by reference to the Settlement Agreement and Plan Term Sheet, which are incorporated herein by reference and attached hereto as Exhibit 10.1.

On June 27, 2006, the Company issued a press release announcing that it had entered into the Global Settlement. A copy of the press release is incorporated herein by reference and attached hereto as Exhibit 99.1.

In addition to historical information, this Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statements involve risks and uncertainties that could cause the Company's actual results to differ materially from the future results expressed or implied by the forward-looking statements. All statements other than statements of historical facts included in this Current Report on Form 8-K, including statements regarding the Company's future financial position and results, are forward-looking statements. Factors that might cause such a difference in results include, but are not limited to: the effects of our chapter 11 filing; our ability to maintain adequate liquidity; our ability to obtain and maintain normal terms with customers, suppliers and service providers; our ability to continue as a going concern; our ability to operate pursuant to the terms of our credit agreement; our ability to obtain Court approval and any other required approvals with respect to motions in the chapter 11 case prosecuted by us from time to time; our ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to our chapter 11 case; risks associated with third parties seeking and obtaining Court approval to either terminate or shorten the exclusivity period that we have to propose and confirm one or more plans of reorganization; risks associated with third parties seeking and obtaining Court approval to appoint a chapter 11 trustee; risks, although not likely, associated with third parties seeking and obtaining Court approval to convert the chapter 11 filing to a chapter 7 filing; our ability to maintain contracts that are critical to our operation; our ability to conclude our exploration of strategic alternatives; risks associated with the volatility of our stock price; risks associated with the timely development, production and acceptance of new products and services; increased competition; dependence on third party partners and suppliers; the failure to achieve expected product mix and revenue levels; failure to manage costs and generate improved operating results and cash flows; failure to maintain compliance with debt covenants; and failure to maintain adequate cash resources for the operation of the business. Additionally, due to material uncertainties, it is not possible to predict the length of time we will operate under chapter 11 protection, the outcome of the proceeding in general, whether we will continue to operate under our current organizational structure, or the effect of the proceeding on our businesses and the interests of various creditors and security holders.

All information set forth herein is current as of the date of this Current Report on Form 8-K. The Company undertakes no duty to update any statement in light of new information or future events. For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of the

Company's SEC filings, including, but not limited to, its Form 10-Q for the quarter ended December 30, 2005.





ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits


Exhibit
No. Description
--- -----------
10.1 Global Settlement Agreement dated June 23, 2006.
99.1 Press Release dated June 27, 2006.

[lion37]

Antwort auf Beitrag Nr.: 22.308.241 von zielony am 28.06.06 00:30:08

he burli
das sind facten facten

der müll kommt von dir....

vielleicht hoffst du morgen auf einen blinden
der dir deine müllaktien abkauft.

[zielony]

MEGA NEWS nach Börsenschluss !!!

June 27, 2006 - 4:30 PM EDT

SGI Reaches Global Agreement With Official Committee of Unsecured Creditors as Reorganization Moves on Accelerated Path
Company Also Receives Approval for $130 Million Financing Facility, Providing the Liquidity and Flexibility Needed to Complete Reorganization
MOUNTAIN VIEW, Calif., June 27 /PRNewswire-FirstCall/ -- Silicon Graphics (OTC: SGID) today announced it has gained the support of its Official Committee of Unsecured Creditors and the largest holder of its Subordinated Debentures on a proposed reorganization plan. This is important milestone in SGI\'s reorganization process. The development paves the way for a speedy exit from Chapter 11 as a public company. The Company anticipates filing an amended Plan of Reorganization together with a Disclosure Statement by June 30, 2006.

\'Our pre-negotiated plan reflected an agreement with an ad-hoc committee of our Secured Noteholders,\' said Dennis McKenna, chairman and CEO of SGI. \'Through the diligent efforts of all parties, we have now won the additional support of our Official Committee of Unsecured Creditors, which is made up of representative trade creditors and holders of our Subordinated Debentures. We have also reached a settlement with the largest holder of our Subordinated Debentures. Such agreements are crucial to a successful reorganization. Our exit timeline remains on track. We are grateful to our employees, customers, vendors and partners who have remained loyal to us throughout this process.\'

Also today, SGI announced that it received Court approval for the $130 million financing facility with Morgan Stanley that was announced June 1, 2006. The financing agreement will fund day-to-day operations during SGI\'s reorganization process, providing the enhanced liquidity and flexibility needed to complete the Company\'s reorganization. More information about SGI\'s reorganization is available on the Internet at www.sgi.com/reorg. Details of the agreement with the Official Committee of Unsecured Creditors are available in the Form 8-K filed today with the SEC.

Forward-Looking Statements

This news release contains forward-looking statements relating to future events or expected financial performance that involve risks and uncertainties. Factors that might cause such a difference include, but are not limited to: the effects of our chapter 11 filing; our ability to maintain adequate liquidity; and our ability to obtain and maintain normal terms with customers, suppliers and service providers. These and other risks are or will be detailed from time to time in SGI\'s periodic reports that are filed with the Securities and Exchange Commission, including the Form 8K filed on June 27, 2006 and SGI\'s quarterly report on Form 10-Q for the quarter ended December 30, 2005. Silicon Graphics is under no obligation to publicly update or revise any forward-looking statements, whether changes occur as a result of new information, future events or otherwise.

SILICON GRAPHICS | The Source of Innovation and Discovery(TM)

SGI, also known as Silicon Graphics, Inc. (OTC: SGID), is a leader in high-performance computing. SGI helps customers solve their computing challenges, whether it\'s sharing images to aid in brain surgery, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, enabling the transition from analog to digital broadcasting, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Mountain View, Calif., and can be found on the Web at www.sgi.com.

Silicon Graphics, SGI, the SGI cube and the SGI logo are registered trademarks, and The Source of Innovation and Discovery is a trademark of Silicon Graphics, Inc., in the United States and/or other countries worldwide. All other trademarks mentioned herein are the property of their respective owners.


MEDIA CONTACT
Lisa Pistacchio
[e-mail]
650.933.5683

SGI PR HOTLINE
650.933.7777

SGI PR FACSIMILE
650.933.0317

SOURCE SGI

[zielony]

SGI erreicht globale Vereinbarung mit amtlichem Ausschuß der ungesicherten Gläubiger, während Reorganisierung auf beschleunigtem Weg sich verschiebt Firma empfängt auch Zustimmung für Finanzierung $130 Million Service und stellt die Liquidität und die Flexibilität zur verfügung, die benötigt werden, um Reorganisierung durchzuführen MOUNTAIN VIEW, CALIF., 27. Juni /PRNewswire-FirstCall/ -- Silikon-Graphiken (OTC: SGID) verkündete es heute hat gewonnen die Unterstützung seines amtlichen Ausschusses der ungesicherten Gläubiger und des größten Halters seiner unterstellten Schuldscheine für einen vorgeschlagenen Reorganisierungplan. Dieses ist wichtiger Meilenstein SGI \ 's im Reorganisierungprozeß. Die Entwicklung pflastert die Weise für einen schnellen Ausgang von Kapitel 11 als Aktiengesellschaft. Die Firma nimmt das Einordnen eines geänderten Sanierungsplanes zusammen mit einer Freigabe Aussage für den 30. Juni 2006 vorweg. \ „unser vor-vermittelter Plan reflektierte eine Vereinbarung mit einem ad hoc Ausschuß unserer gesicherten Schuldscheininhaber, \“ sagten Dennis McKenna, Vorsitzender und CEO von SGI. \ „durch die sorgfältigen Bemühungen aller Parteien, haben wir jetzt die zusätzliche Unterstützung unseres amtlichen Ausschusses der ungesicherten Gläubiger gewonnen, der Repräsentant Handel Gläubiger und Halter unserer unterstellten Schuldscheine besteht. Wir haben auch eine Regelung mit dem größten Halter unserer unterstellten Schuldscheine erreicht. Solche Vereinbarungen sind zu einer erfolgreichen Reorganisierung entscheidend. Unser Ausgang timeline bleibt auf Schiene. Wir sind unsere Angestellten, Kunden, Verkäufer und Partner dankbar, die zu uns während dieses Prozesses loyal geblieben sind. \“ Auch heute, verkündete SGI, daß es Gerichtzustimmung für den Finanzierung $130 Million Service mit Morgan Stanley empfing, der 1. Juni 2006 verkündet wurde. Die Finanzierung Vereinbarung finanziert Alltagsbetriebe während SGI \ 's des Reorganisierungprozesses und stellt die erhöhte Liquidität und die Flexibilität zur verfügung, die benötigt werden, um die Firma \ 's Reorganisierung durchzuführen. Mehr Informationen über SGI \ 's Reorganisierung sind auf dem Internet bei www.sgi.com/reorg vorhanden. Details der Vereinbarung mit dem amtlichen Ausschuß der ungesicherten Gläubiger sind in der Form 8-K heute eingeordnet mit der sek vorhanden. Vorwärts-Schauen von Aussagen Diese Nachrichten Freigabe enthält das Vorwärts-Schauen von Aussagen in bezug auf zukünftige Fälle oder erwartete finanzielle Leistung, die Gefahren und Ungewißheiten miteinbeziehen. Faktoren, die solch einen Unterschied verursachen konnten, schließen ein, aber werden nicht begrenzt: die Effekte unserer Archivierung des Kapitels 11; unsere Fähigkeit, ausreichende Liquidität beizubehalten; und unsere Fähigkeit, normale Bezeichnungen mit Kunden, Lieferanten und Diensterbringern zu erreichen und beizubehalten. Diese und andere Gefahren sind oder werden gelegentlich in SGI \ 'in s genau geschildert werden, die, periodische Reports, die mit der Sicherheiten und Austausch-Kommission vorgelegt werden, einschließlich die Form 8K am 27. Juni 2006 einordneten und SGI \ 's vierteljährlicher Bericht über Form 10-Q für das Viertel beendete 30. Dezember 2005. Silikon-Graphiken ist kein verpflichtet, alle mögliche Vorwärts-schauenden Aussagen öffentlich zu aktualisieren oder zu verbessern, ob änderungen resultierend aus neuen Informationen, zukünftige Fälle oder anders eintreten. SILIKON-GRAPHIKEN | die Quelle der Innovation und der Entdeckung (TM) SGI, alias Silicon Graphics, Inc. (OTC: SGID), ist ein Führer im leistungsstarken Rechnen. SGI Hilfen Kunden lösen ihre rechnenden Herausforderungen, ob es \ 'Bilder zum Hilfsmittel in der Gehirnchirurgie teilendes, die sichereren und leistungsfähigeren Autos herstellendes und von Flugzeuge, globales Klima studierend, Technologien für Heimatsicherheit zur Verfügung stellend und Verteidigung, dem übergang analoge zu digitaler ermöglichend Sendung oder Portionunternehmen s entwerfend und große Daten handhaben. Mit den weltweiten Büros, wird Firma im Mountain View, Calif. Gehabt und kann auf dem Netz bei www.sgi.com gefunden werden. Silikon-Graphiken, SGI, der SGI Würfel und das SGI Firmenzeichen sind geschützte Warenzeichen, und die Quelle der Innovation und der Entdeckung ist ein eingetragenes Warenzeichen von Silicon Graphics, Inc., in den Vereinigten Staaten und/oder in anderen Ländern weltweit. Alle weiteren eingetragenen Warenzeichen, die hierin erwähnt werden, sind die Eigenschaft ihrer jeweiligen Inhaber. MITTEL-KONTAKT Lisa Pistacchio [e-mail] 650.933.5683 SGI FOTOREZEPTOR HOTLINE [phone] SGI FOTOREZEPTOR FAKSIMILE 650.933.0317 QUELLE SGI

[kingjura]

Antwort auf Beitrag Nr.: 22.309.405 von zielony am 28.06.06 08:45:26

Hello, auch hier die News:

SGI Plan of Reorganization Receives U.S. Bankruptcy Court Approval


Company on Track to Emerge from Chapter 11 in October 2006

MOUNTAIN VIEW, Calif. (September 19, 2006) — SGI (OTC: SGID) today announced that its Plan of Reorganization has received judicial confirmation, setting the stage for the company's emergence from Chapter 11 in October 2006.

At today's hearing, U.S. Bankruptcy Judge Burton Lifland for the Southern District of New York ruled that all the necessary requirements have been met for SGI to implement its Plan of Reorganization. Every voting class of creditors voted overwhelmingly in favor of the plan.

"This is a great day for SGI. We have accomplished so much in just five months, reaching our confirmation on the fast track that we expected," said Dennis P. McKenna, CEO and Chairman. "As we emerge, the recapitalization of the company will be complete. We have eliminated the legacy debt, improved our liquidity and stabilized the business. We have also taken out significant costs—$150 million on an annualized basis. We have re-engineered the company and have a strong leadership team that will be executing this plan. Also of significance to the growth of the company is that during this time, we retooled and aligned our product portfolio to the strategic direction of the company. I want to thank our customers, vendors and employees for supporting the company through this challenging period."

Today SGI also announced it has received commitments for exit financing. The financing facility consists of an $85 million term loan from Morgan Stanley Senior Funding Inc. and a $30 million line of credit from General Electric Capital Corp. that will be used to pay off the existing DIP financing, make distributions pursuant to the plan, and provide working capital for the Company's ongoing operations.

The Plan of Reorganization is available at www.sgi.com/reorg. The documents also will be available via the court's website at www.nysb.uscourts.gov. Please note that a PACER password is required to access the documents via the court's website. SGI's bankruptcy case number is 06-10977 (BRL).

[webern]

Dafür das die Teile wertlos werden sollen, ist hier doch noch einiges Leben drin. Heute gingen fast 12 Mio. Shares über den Tisch und der Kurs legte 25% zu. Scheint hier aber niemanden zu interessieren. Kann irgendwie nicht glauben, daß das alles nur Zockerei sein soll. Vielleicht kommt da doch noch eine Überraschung auf uns zu. Bleibe drin. Wenn es nicht klappt, dann eben nicht.

[ustrading]

@webern,

nun sind die Teile auch offiziell wertlos ... immerhin eine preiswerte, wenn auch virtuelle Tapete


SGI Blasts Out of Chapter 11 Lean, Focused and Ready for Growth
http://biz.yahoo.com/prnews/061017/sftu119.html?.v=60

[kapitalverbrecher]

Antwort auf Beitrag Nr.: 24.692.002 von ustrading am 17.10.06 22:52:38

Also jetzt neues Kürzel bei NASDAQ: SGIC

Lief hier ein bischen anders als bei Delphi, aber das war abzusehen ( warum hab ich DPHIQ damals nur verkauft?:cry

[huenerhaufen30]

Und nun sind sie wohl vom Handel ausgesetzt??!?!?!?!?!!?!!????

[lion37]

Antwort auf Beitrag Nr.: 24.698.637 von huenerhaufen30 am 18.10.06 12:23:12

aus die maus
viele von den traeumern wollte mir ja nicht glauben
danke an die, die meine stücke seinerzeit mit euros 0,30
gekauft haben.
gruss
lion37
(und immer schön cool und locker bleiben)

[E.S.T.]

Antwort auf Beitrag Nr.: 24.692.002 von ustrading am 17.10.06 22:52:38

Hallo ustrading,

vielen Dank für Ihre konkrete Information. Heute morgen um sechs hatte ich daraufhin eine größere Order canceln und "Einiges" retten können.

Viele Grüsse

E.S.T.

[lion37]

Antwort auf Beitrag Nr.: 24.704.861 von E.S.T. am 18.10.06 17:02:13

Wer wagt nochmal ?!

Die "neuen" SGI shares werden gelistet
unter SGIC

ca. 11 Mio.shares.

Neues Spiel neues Glück !!??

Lion37

[ustrading]

also wenn man sich mal den letzten Quartalsbericht anschaut würde ich die Finger von lassen. Wenn der operative Verlust bei 50% des Umsatzes liegt, dann ist es sehr fraglich das man mittelfrisitg wieder in die schwarzen Zahlen kommt. In den nächsten Tagen sollten dann ja auch die Zahlen für April-Juni 06 kommen

[lion37]

Antwort auf Beitrag Nr.: 24.802.554 von ustrading am 23.10.06 16:57:14

@ustrade
sehe ich genauso!!

war von meinerseite auch nur sarkatisch gemeint,


aber vielleicht sind hier ja noch immer ein paar
traeumer an board, die aus der vergangenheit nicht
gelernt haben.

die alten shares wurden einfach gestrichen,
das spiel geht unter neum sýmbol -sgic- munter
weiter,

bravo
gruss lion37

[-2GOOD4YOU-]

zu 20dollar???naja etwas zu teuer die werden wahrscheinlich runterlaufen

[m.a.x.]

Antwort auf Beitrag Nr.: 24.839.056 von -2GOOD4YOU- am 25.10.06 10:44:26

Puts sind da gefragt

[ustrading]

erneut ein herber Rückschlag für SGI ... man gehört eben nicht mehr zur Elite ... ich persönl. werde mir CRAY mal etwas näher anschauen, da Auftragsbücher nicht zuletzt wg. diesem Deal hier prall gefüllt sind.

US-Verteidigungsministerium finanziert Petaflop-Projekte von IBM und Cray

Mit jeweils etwa 250 Millionen Dollar greift des Pentagon, genauer gesagt dessen Forschungseinrichtung DARPA (Defense Advanced Research Projects Agency), den beiden ausgewählten Supercomputer-Firmen IBM und Cray unter die Arme. Beide Firmen stellen derzeit auch die Top-Rechner in der aktuellen Top500-Liste, was möglicherweise mit ein Kriterium für die Auswahl war. Andere US-Kandidaten wie Sun und SGI/Intel haben das Nachsehen.

Zielvorstellung für diese Förderphase III ist die Entwicklung von Supercomputern mit zwei bis über vier PetaFlop/s-Rechenleistung bis zum Jahr 2010. Sie sollen für komplexe "Real-World"-Applikationen ausgelegt sein – nicht nur für militärische Anwendungen, sondern auch für die Industrie und die Wissenschaft.

In der DARPA-Mitteilung zur Auftragsvergabe wird bei IBM dezidiert die Power-7-Architektur angesprochen, also weder Blue Gene noch Cell erwähnt. Bei Cray wird das Cascade-Programm genannt, das die Idee des Adaptive Supercomputing verwirklichen soll. Hierbei sucht der Rechner automatisch die für die Applikationen bestgeeignete Rechnerarchitektur (Skalar: Opteron, Vektor: Cray Threadstorm) aus und optimiert die Topologie des Systems. Als erster Vertreter in dieser Hybrid-Technik soll im kommenden Jahr der Cray XMT erscheinen.

Die DARPA-Auswahl ist auch ein großer Erfolg für AMD gegenüber Intel, denn das Cray-Konzept baut auf AMDs OpenSocket-Initiative Torrenza auf. Und auch für IBMs noch sehr nebulösen "Manycore"-Prozessor Power-7 ist Torrenza im Gespräch. Vielleicht gibt es ja sogar Ideen, die Prozessoren in den Systemen austauschen zu können.

Amerikanische Medien sehen in der DARPA-Entscheidung schon einen Richtungsschwenk für die Robert-Gates-Ära nach dem Rücktritt von Donald Rumsfeld, der, obschon offiziell noch als US-Verteidigungsminister im Amt, nicht mehr in Erscheinung tritt. Sein DARPA-Statthalter Anthony J. Tether hat sich weniger um die Weiterentwicklung der Computertechnik gekümmert und den mit etwa drei Millarden Dollar vergleichsweise kleinen Etat der Forschungsabteilung lieber für andere Aufgaben verwendet. Doch Tethers DARPA-Tage scheinen gezählt, man erwartet eine baldige Ablösung des engen Vertrauten von Rumsfeld. (as/c't)
@heiße.de

[ustrading]

unglaublich, die machen dem erfolgreichen C11 dort weiter, wo sie vor dem Bankrott aufgehört haben es kann also nicht nur an Mr. Bishop gelegen haben

http://biz.yahoo.com/prnews/070206/sftu138.html?.v=53