‘New’ SGI Emerges from Chapter 11

SGI says it has emerged from chapter 11 bankcrupcy protection and emerged ‘leaner’ and quite possibly meaner. Having dispensed with its own militant tendency, the company says it is now the ‘New SGI’. It has slashed an burned a bit, dumped its old board of directors and management team and in the process saved a suggested USD 150 million a year.

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