Market Currents

• Wednesday, April 1, 2009

• 08:52 AM Rackable Systems (RACK) buys Silicon Graphics (SGIC) for a paltry $25M plus some debt. An unglamorous end to a one-time high-flyer. Comment!

• Monday, March 30, 2009

• 10:29 AM Rackable Systems (RACK) CEO Mark Barrenechea sees rival Dell (DELL) 'more as a price spoiler' than an innovator. And since 'discounting is not a long-term strategy,' Rackable plans to innovate while waiting out Dell's price cutting. Shares -5%. Comment!

• Monday, August 4, 2008

• 16:23 PM Rackable Systems (RACK): Q2 EPS of -$0.12 misses by $0.11. Revenue of $76M (-7.6%) in-line. Shares -12%. [PR] Comment!