SGI shakeup extends to Redmond

 

latest developments

The firm's former CEO Rick Belluzzo--who not long ago announced the latest restructuring plan--reportedly will join Microsoft. "He told [the board] that he felt he had lost the confidence of Wall Street." - A source familiar with the discussions, regarding Rick Belluzzo

Departing SGI chief may join Microsoft update Rick Belluzzo, who abruptly resigned yesterday as chief executive of Silicon Graphics, reportedly will join Microsoft to run its interactive operations unit. Analysts: Belluzzo would face uphill battle Rick Belluzzo, the former Silicon Graphics chief executive who is reportedly joining Microsoft, would likely face rough times steering the software giant's interactive unit. New SGI CEO emphasizes stability news analysis The company took pains to reassure observers today that the unexpected resignation of CEO Rick Belluzzo won't alter its recovery strategy. SGI chief executive resigns SGI's chief executive Rick Belluzzo is leaving, and SGI board member Bob Bishop is taking his place as chairman and CEO. previous coverage SGI cutting up to 1,500 jobs in reorganization The computer maker announces the next phase of its recovery plan, saying it's slashing up to 1,500 jobs, selling the Cray supercomputing unit, and more.