Rackable Systems Receives Court Approval to Purchase Silicon Graphics Assets

FREMONT, CA & SUNNYVALE, CA (Gawkwire.com) The sale, pursuant to an amended asset purchase agreement as approved today in U.S. Bankruptcy Court in New York, allows Rackable Systems to complete the previously announced transaction under Section 363 of the U.S. Bankruptcy Code. The acquisition is anticipated to be completed by approximately May 8, 2009, subject to closing conditions.

“We are pleased with today’s news,” said Mark J. Barrenechea, president and CEO of Rackable Systems. “With this acquisition, Rackable will be positioned to solve the most demanding business and technology challenges our customers confront today. We believe we will have a stronger company with differentiated product lines and professional services; reaching commercial, government and scientific sectors on a worldwide basis.”

Rackable and SGI customers will benefit from a comprehensive portfolio of hardware, software and services, enabling the deployment of technologies for large-scale data storage and management, clustered compute scale-out, shared memory systems, visualization solutions, data center solutions and HPC productivity tools.

To learn more and for further updates, please visit www.rackable.com/sgi.

Conference Call Information

Rackable Systems will discuss this update as part of its previously announced Q1 earnings financial call taking place on Tuesday, May 5, 2009, at 2:00 p.m. PDT (5:00 p.m. EDT). The public will be invited to listen to a live web cast of the call on the Investor Relations section of Rackable’s website at investors.rackable.com. A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available until the next earnings call. An audio replay of the conference call will also be made available approximately two hours after the conclusion of the call. The audio replay will remain available for five days and can be accessed by dialing 719-457-0820 or 888-203-1112 and entering the confirmation code: 5980490.