Ups... - SGI

This is a discussion on Ups... - SGI ; http://www.channelregister.co.uk/2006/02/08/sgi_warns/ Doesn´t look too good. /Niclas ....maybe it´s time to change that signature? :/ _________________ IRIX forever. Tezro is in the Game!...

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Thread: Ups...

  1. Ups...

    http://www.channelregister.co.uk/2006/02/08/sgi_warns/

    Doesn´t look too good.

    /Niclas

    ....maybe it´s time to change that signature? :/
    _________________
    IRIX forever. Tezro is in the Game!

  2. Re: Ups...

    Le Thu, 09 Feb 2006 17:44:15 +0100, Niclas Steinel-Hansson a écrit*:

    >
    > Doesn't look too good.


    Bad, bad...

    --
    Le travail est la malédiction des classes qui boivent.
    O. Wilde.


  3. Re: Ups...

    On Thu, 09 Feb 2006 22:23:45 +0100, Emmanuel Florac
    wrote:

    >Le Thu, 09 Feb 2006 17:44:15 +0100, Niclas Steinel-Hansson a écrit*:
    >
    >>
    >> Doesn't look too good.

    >
    >Bad, bad...


    Maybe. In the US bankruptcy means different things depending on what
    you file for.

    The bad is chapter 7, where you end the company and sell everything
    off.

    Far more common (at least in the public eye) is chapter 11, where the
    company is protected by the court while they reorganize themselves to
    try and solve the problem(s). In addition under chapter 11 a company
    can go to the court and get agreements changed to better allow the
    company to survive.

    I would guess that SGI means chapter 11 as the statement mentions
    "protection under bankruptcy laws".

  4. Re: Ups...

    Le Fri, 10 Feb 2006 23:35:50 -0500, Gerald Henriksen a écrit*:

    > under chapter 11 a company
    > can go to the court and get agreements changed to better allow the
    > company to survive.


    Sure, however it may also be a step towards the end.

    --
    Il y a toujours un bug de plus.
    Loi de Lubarsky.


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