SGI, also known as Silicon Graphics, Inc, announced today that it has been advised by the New York Stock Exchange (NYSE) that its common stock - ticker symbol SGI - will no longer be traded on the NYSE beginning with the opening of business on Monday, November 7, 2005.
As previously reported, SGI received notice from the NYSE on May 9, 2005 that SGI's common stock had fallen below the NYSE's minimum share price standard for continued listing. The NYSE's standard requires that a company's common stock trade at a minimum average closing share price of $1.00 during a consecutive 30-day trading period. SGI's common stock has not returned to compliance with this standard.
SGI was the leader in high-performance, graphics rendering machines but failed to foresee not only the rise of cheap, commoditized render farms running Linux but the astonishing increases in 3D graphics performance from NVidia, available at low cost to any PC user. So TV viewers tuning into 2003 US invasion of Iraq saw maps rendered not on SGI Onyx clusters but on Keyhole's simple PC technology, over the web.
Today Google occupies the place in the popular media's consciousness as the wish fulfillment company, the place where all dreams come true. And Google also occupies SGI's spectacular high tech offices by the sand dunes on Shoreline Boulevard. And Google bought Keyhole, and renamed it, and made available to you as "Google Maps".
News source: Channel Register
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