HP(e) buys SGI for US$275MM

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smj
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HP(e) buys SGI for US$275MM

Unread postby smj » Thu Aug 11, 2016 2:15 pm

Hewlett Packard Enterprise, which split from HP last year, today announced that it has acquired SGI, a company that makes servers, storage, and software for high-performance computing, for $275 million in cash and debt.


That was VentureBeat, which was overall so badly written I don't even want to link to it. Here's a quote from a blog post at Barron's:

Hewlett Packard to Pay $7.75/Sh for SGI, Driving Shares up 27%

Hewlett-Packard Enterprise (HPE) this afternoon said it will purchase venerable supercomputing technology maker Silicon Graphics (SGI) for $7.75 per share, for a total consideration of $275 million, net of SGI’s cash, driving SGI stock up $1.62, or 27%, to $7.60, in late trading.

...

SGI’s CEO Jorge Titinger spoke of the company’s “high-performance data technologies and analytic capabilities, based on a 30+ year legacy of innovation,” saying they “complement HPE’s industry-leading enterprise solutions.”
Then? :IRIS3130: ... Now? :O3x02L: :A3504L:- :A3502L: :1600SW:+MLA :Fuel: :Octane2: :Octane: :Indigo2IMP: :Indy: ... Other: DEC :BA213: :BA123: Sun, DG AViiON, NeXT :Cube:

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Re: HP(e) buys SGI for US$275MM

Unread postby vishnu » Thu Aug 11, 2016 3:03 pm

It's up on sgi's website now too, wonders! :shock:

http://investors.sgi.com/releasedetail.cfm?ReleaseID=984160
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Re: HP(e) buys SGI for US$275MM

Unread postby VenomousPinecone » Thu Aug 11, 2016 3:05 pm

All you guys with SGI stock certificates can now cash in :P

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Re: HP(e) buys SGI for US$275MM

Unread postby ClassicHasClass » Thu Aug 11, 2016 3:44 pm

WTF LOL.
smit happens.

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Re: HP(e) buys SGI for US$275MM

Unread postby smj » Thu Aug 11, 2016 3:52 pm

VenomousPinecone wrote:All you guys with SGI stock certificates can now cash in :P

I wish. It's a little above the cost basis for what I've been holding the past few years, so this isn't going to do anything for my retirement. Wasn't paying attention when SGI set it's recent low at $3.88, but I'm sure somebody out there is very happy...
Then? :IRIS3130: ... Now? :O3x02L: :A3504L:- :A3502L: :1600SW:+MLA :Fuel: :Octane2: :Octane: :Indigo2IMP: :Indy: ... Other: DEC :BA213: :BA123: Sun, DG AViiON, NeXT :Cube:

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Re: HP(e) buys SGI for US$275MM

Unread postby foetz » Thu Aug 11, 2016 3:59 pm

ClassicHasClass wrote:WTF LOL.

what he said :P

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Re: HP(e) buys SGI for US$275MM

Unread postby commodorejohn » Thu Aug 11, 2016 5:00 pm

Joke's on them! SGI cleverly beat them to the punch on sinking themselves on the Itanic!
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Re: HP(e) buys SGI for US$275MM

Unread postby pentium » Thu Aug 11, 2016 5:23 pm

VenomousPinecone wrote:All you guys with SGI stock certificates can now cash in :P

Wasn't it me who said a while back that now was a great time to invest in SGI?

Who's hurting now? ;)
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Re: HP(e) buys SGI for US$275MM

Unread postby Onyx_RE2 » Thu Aug 11, 2016 5:59 pm

I welcome the new HPE overlords

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Re: HP(e) buys SGI for US$275MM

Unread postby vishnu » Thu Aug 11, 2016 6:14 pm

I suppose that's the end of SGI as a brand name, just like it was for Compaq... :roll:
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Re: HP(e) buys SGI for US$275MM

Unread postby Onyx_RE2 » Thu Aug 11, 2016 6:30 pm

Maybe, but Silicon Graphics Inc was gone a long time ago....
This was just Rackable Systems with "SGI" as the new name. Like when Caldera bought the Unix stuff from The Santa Cruz Operation and just changed their name from Caldera to the SCO Group

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Re: HP(e) buys SGI for US$275MM

Unread postby Krokodil » Thu Aug 11, 2016 6:36 pm

Well that came out of nowhere. End of an era for the SGI name for sure.

Perhaps someone can now beg HPE for the IRIX source code?

I'm not really sure what they get out of newSGI other than some subpar systems built largely from commodity parts.
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Re: HP(e) buys SGI for US$275MM

Unread postby Onyx_RE2 » Thu Aug 11, 2016 6:41 pm

The only thing Rackable Systems, err SGI, had going for it are patents on "back to back" rackmount servers and federal and life sciences customers.
HPE takes a minor nuisance out of the market and absorbs an HPC client base.
Forget any further talk about IRIX, HP-UX, OpenVMS or any legacy type systems.
(maybe see an x86 version of HP-UX...)

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Re: HP(e) buys SGI for US$275MM

Unread postby Krokodil » Thu Aug 11, 2016 6:44 pm

Onyx_RE2 wrote:Forget any further talk about IRIX, HP-UX, OpenVMS or any legacy type systems.
(maybe see an x86 version of HP-UX...)


Aw, geezz.... :(
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Re: HP(e) buys SGI for US$275MM

Unread postby noth » Thu Aug 11, 2016 7:44 pm



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