Silicon Graphics International Surges On Manufacturing Agreement With Hewlett Packard


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(NASDAQ: SGI) surged higher by more than 10 percent on Tuesday after the company announced an agreement with Hewlett Packard Enterprise Co (NYSE: HPE).HPE said in a blog post that it is "extending our leading portfolio of mission-critical solutions with a new 8-socket scale-up platform – the HPE Integrity MC990 X Server. This new server is designed for large business processing and decision support Linux workloads."HPE added that it will OEM Silicon Graphics' UV technology as the foundation for its solution.SGI is pleased to embark on this strategic partnership with HPE. This agreement highlights the value of SGI solutions to the enterprise market and the benefits of an 8-socket solution. The reach of the SGI technology will be greatly extended with HPE's extensive presence in the enterprise for mission critical solutions," said Jorge Titinger, president and CEO of SGI. "HPE's selection of SGI technology is a testament to the performance and reliability of the UV platform."

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: Newshewlett packardHPEJorge TitingerSilicon Graphics international