25 May
2006
25 May
'06
13:32
On Thu, 2006-05-25 at 13:04 +0200, Carlos E. R. wrote:
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The Wednesday 2006-05-24 at 13:13 -0300, Alvaro Kuolas wrote:
SGI filled for Chapter 11 bankruptcy protection
I was told by a friend in SGI that #11 is not bankruptcy, that's #7. It only means that the company is going to change its business model.
#7 means a company has -no- hope of paying its creditors and is going out of business. #11 means a company is having financial difficulties and is trying to over come them. It also gives them court backing and allows them to temporarily suspend payment to its creditors until another payment option is agreeable to all involved. -- Ken Schneider UNIX since 1989, linux since 1994, SuSE since 1998