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SILICON GRAPHICS ANNOUNCES DEPARTURE OF FOUNDER AND CHAIRMAN JIM CLARK [ I have a more complete anno
From: David Farber <>
Date: Thu, 27 Jan 1994 17:09:47 -0500
SILICON GRAPHICS ANNOUNCES DEPARTURE OF FOUNDER AND CHAIRMAN JIM CLARK MOUNTAIN VIEW, California (January 27, 1994) -- Silicon Graphics, Inc. (NYSE: SGI) announced today that its chairman and founder Dr. James H. Clark has stated his intention to resign his position with the company effective February 28. Dr. Clark, who founded Silicon Graphics in 1982, made the decision in order to pursue applications software opportunities in the emerging interactive broadband network and television market. "I am leaving at this time because I believe there are major entrepreneurial opportunities in applications software for interactive television, and I want to explore these opportunities. I'm confident that the management team currently in place will continue to take Silicon Graphics forward as one of the world's leading computer vendors," said Dr. Clark. "I'm also certain that Silicon Graphics will be one of the key suppliers of computing technology for the interactive television market. I intend to build my future venture around Silicon Graphics systems, so my new pursuits will be highly synergistic with Silicon Graphics' business." "Since he first began researching his idea for a chip that would accelerate a computer's ability to display 3D graphics, Jim has dedicated fifteen years of his life to Silicon Graphics, providing the vision that has challenged us to become one of the world's fastest growing companies," said Edward R. McCracken, president and CEO of Silicon Graphics. "His contributions here have been invaluable and long-lasting, and have helped bring the company into new markets such as interactive entertainment that are now a key part of our business. We know that Jim will have many opportunities available to him and we wish him success as he chooses the next arena in which to make a contribution." Dr. Clark was an associate professor at Stanford University when he founded Silicon Graphics with six graduate students. He has served as chairman of the company since its beginning. Dr. Clark's leadership in the development of both graphics hardware and software has been instrumental in establishing Silicon Graphics as the leader in visual computing systems. In recent years, Dr. Clark began exploring opportunities for Silicon Graphics' technology in the consumer electronics field, playing a key role in the company's partnerships announced last year with video games leader Nintendo Corporation for its next-generation video game system, and with Time-Warner Cable for the creation of its Full Service Network in Orlando. Silicon Graphics, Inc. is the leading manufacturer of high-performance visual computing systems. The company delivers interactive three- dimensional graphics, digital media and multiprocessing supercomputing technologies to technical, scientific and creative professionals. Its subsidiary, MIPS Technologies, Inc., designs and licenses the industry's leading RISC processor technology for the computer systems and embedded control markets. Silicon Graphics has offices worldwide and headquarters in Mountain View, California. Silicon Graphics and the Silicon Graphics logo are registered trademarks of Silicon Graphics, Inc. MIPS is a registered trademark of MIPS Technologies, Inc.
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