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[18 Feb 2008 | One Comment | 821 supporters]

SUNNYVALE, Calif. (February 14, 2008)—SGI (NASDAQ: SGIC) demonstrated continued momentum in the HPC market today with the announcement of its acquisition of the core assets of Linux Networx, Inc. and an investment in SGI by Oak Investment Partners and Lehman Brothers.
In exchange for the issuance of SGI common stock, SGI has acquired key Linux Networx software, patents, technology and expertise. Linux Networx is a recognized technology leader in the clustered HPC space and boasts a significant customer base. The acquisition is expected to advance SGI leadership in production-ready high …