http://news.zdnet.com/2100-9595_22-6117330.html
A judge accepted computer maker Silicon Graphics Inc.'s reorganization plan Tuesday, setting the stage for the company to emerge from Chapter 11 bankruptcy protection in October, the company said.
"For us it feels like a new SGI. It's a relaunch of the company," McKenna said.
McKenna said the company will be smaller, too. Before the restructuring, it employed 2,200, but only 1,600 remain. The reduced payroll costs contribute to a cut of $150 million in annual expenses, McKenna said.
In addition, three-quarters of SGI's products now on the market were introduced in the last nine months, and the company is trying to tackle a larger market by expanding from high-end systems with Intel Itanium processors to lower-end models using Intel's Xeon. The latter approach links numerous systems together in a cluster.
SGI will continue selling products for engineering, scientific and research tasks. The company also is gunning for a larger market in managing corporate data, for example mining it for useful trends or selling servers with very large memory capacity.