SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                                (Amendment No. 1)

                   Under the Securities Exchange Act of 1934*


                             Silicon Graphics, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    827056300
--------------------------------------------------------------------------------
                      (CUSIP Number of Class of Securities)

                               Robert Burns, Esq.
                         Monarch Alternative Capital LP
                               535 Madison Avenue
                               New York, NY 10022
                                 (212) 554-1700
--------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                   Copies to:
                            Michael A. Schwartz, Esq.
                          Willkie Farr & Gallagher LLP
                               787 Seventh Avenue
                             New York, NY 10019-6099
                                 (212) 728-8000

                                 August 26, 2008
--------------------------------------------------------------------------------
                          (Date of Event which Requires
                            Filing of this Schedule)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [ ]

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).






                                  SCHEDULE 13D

----------------------------                         ---------------------------
CUSIP No. 827056300                                  Page 2 of 13 Pages
----------------------------                         ---------------------------


----------- --------------------------------------------------------------------
    1       NAME OF REPORTING PERSON
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Monarch Alternative Capital LP
            (formerly Quadrangle Debt Recovery Advisors LP,
            which was formerly Quadrangle Debt Recovery Advisors LLC)
----------- --------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]
                                                                 (b) [X]
----------- --------------------------------------------------------------------
    3       SEC USE ONLY
----------- --------------------------------------------------------------------
    4       SOURCE OF FUNDS*

            AF
----------- --------------------------------------------------------------------
    5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
            ITEMS 2(d) or 2(e)     [ ]
----------- --------------------------------------------------------------------
    6       CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware
--------------------- --------- ------------------------------------------------
                         7      SOLE VOTING POWER

                                0
                      --------- ------------------------------------------------
                         8      SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED              3,109,640
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER

                                0
                      --------- ------------------------------------------------
                         10     SHARED DISPOSITIVE POWER

                                3,109,640
----------- --------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

            3,109,640
----------- --------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
            SHARES* [ ]

----------- --------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            26.8%
----------- --------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

            PN
----------- --------------------------------------------------------------------







                                   SCHEDULE 13D

----------------------------                         ---------------------------
CUSIP No. 827056300                                  Page 3 of 13 Pages
----------------------------                         ---------------------------


----------- --------------------------------------------------------------------
    1       NAME OF REPORTING PERSON
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Monarch Debt Recovery Master Fund Ltd
            (formerly QDRF Master Fund)
----------- --------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]
                                                                 (b) [X]
----------- --------------------------------------------------------------------
    3       SEC USE ONLY
----------- --------------------------------------------------------------------
    4       SOURCE OF FUNDS*

            WC
----------- --------------------------------------------------------------------
    5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
            ITEMS 2(d) or 2(e)     [ ]
----------- --------------------------------------------------------------------
    6       CITIZENSHIP OR PLACE OF ORGANIZATION

            Cayman Islands
--------------------- --------- ------------------------------------------------
                         7      SOLE VOTING POWER

                                0
                      --------- ------------------------------------------------
                         8      SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED              2,096,594
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER

                                0
                      --------- ------------------------------------------------
                         10     SHARED DISPOSITIVE POWER

                                2,096,594
----------- --------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

            2,096,594
----------- --------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
            SHARES* [ ]
----------- --------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            18.1%
----------- --------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

            CO
----------- --------------------------------------------------------------------





                                    SCHEDULE 13D

----------------------------                         ---------------------------
CUSIP No. 827056300                                  Page 4 of 13 Pages
----------------------------                         ---------------------------


----------- --------------------------------------------------------------------
    1       NAME OF REPORTING PERSON
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Monarch Opportunities Master Fund Ltd
            (formerly Quadrangle Debt Opportunities Fund Master Ltd)
----------- --------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]
                                                                 (b) [X]
----------- --------------------------------------------------------------------
    3       SEC USE ONLY
----------- --------------------------------------------------------------------
    4       SOURCE OF FUNDS*

            WC
----------- --------------------------------------------------------------------
    5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
            ITEMS 2(d) or 2(e)     [ ]
----------- --------------------------------------------------------------------
    6       CITIZENSHIP OR PLACE OF ORGANIZATION

            Cayman Islands
--------------------- --------- ------------------------------------------------
                         7      SOLE VOTING POWER

                                0
                      --------- ------------------------------------------------
                         8      SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED              661,215
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER

                                0
                      --------- ------------------------------------------------
                         10     SHARED DISPOSITIVE POWER

                                661,215
----------- --------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

            661,215
----------- --------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
            SHARES* [ ]
----------- --------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            5.7%
----------- --------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

            CO
----------- --------------------------------------------------------------------






                                   SCHEDULE 13D

----------------------------                         ---------------------------
CUSIP No. 827056300                                  Page 5 of 13 Pages
----------------------------                         ---------------------------


----------- --------------------------------------------------------------------
    1       NAME OF REPORTING PERSON
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Michael Weinstock
----------- --------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]
                                                                 (b) [X]
----------- --------------------------------------------------------------------
    3       SEC USE ONLY
----------- --------------------------------------------------------------------
    4       SOURCE OF FUNDS*

            AF
----------- --------------------------------------------------------------------
    5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
            ITEMS 2(d) or 2(e)     [ ]
----------- --------------------------------------------------------------------
    6       CITIZENSHIP OR PLACE OF ORGANIZATION

            United States
--------------------- --------- ------------------------------------------------
                         7      SOLE VOTING POWER

                                0
                      --------- ------------------------------------------------
                         8      SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED              0
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER

                                0
                      --------- ------------------------------------------------
                         10     SHARED DISPOSITIVE POWER

                                0
----------- --------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

            0
----------- --------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
            SHARES* [ ]
----------- --------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            0.0%
----------- --------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

            IN
----------- --------------------------------------------------------------------






                                   SCHEDULE 13D

----------------------------                         ---------------------------
CUSIP No. 827056300                                  Page 6 of 13 Pages
----------------------------                         ---------------------------


----------- --------------------------------------------------------------------
    1       NAME OF REPORTING PERSON
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Andrew Herenstein
----------- --------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]
                                                                 (b) [X]
----------- --------------------------------------------------------------------
    3       SEC USE ONLY
----------- --------------------------------------------------------------------
    4       SOURCE OF FUNDS*

            AF
----------- --------------------------------------------------------------------
    5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
            ITEMS 2(d) or 2(e)     [ ]
----------- --------------------------------------------------------------------
    6       CITIZENSHIP OR PLACE OF ORGANIZATION

            United States
--------------------- --------- ------------------------------------------------
                         7      SOLE VOTING POWER

                                0
                      --------- ------------------------------------------------
                         8      SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED              0
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER

                                0
                      --------- ------------------------------------------------
                         10     SHARED DISPOSITIVE POWER

                                0
----------- --------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

            0
----------- --------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
            SHARES* [ ]
----------- --------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            0.0%
----------- --------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

            IN
----------- --------------------------------------------------------------------






                                   SCHEDULE 13D

----------------------------                         ---------------------------
CUSIP No. 827056300                                  Page 7 of 13 Pages
----------------------------                         ---------------------------


----------- --------------------------------------------------------------------
    1       NAME OF REPORTING PERSON
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Christopher Santana
----------- --------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]
                                                                 (b) [X]
----------- --------------------------------------------------------------------
    3       SEC USE ONLY
----------- --------------------------------------------------------------------
    4       SOURCE OF FUNDS*

            AF
----------- --------------------------------------------------------------------
    5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
            ITEMS 2(d) or 2(e)     [ ]
----------- --------------------------------------------------------------------
    6       CITIZENSHIP OR PLACE OF ORGANIZATION

            Cayman Islands
--------------------- --------- ------------------------------------------------
                         7      SOLE VOTING POWER

                                0
                      --------- ------------------------------------------------
                         8      SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED              0
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER

                                0
                      --------- ------------------------------------------------
                         10     SHARED DISPOSITIVE POWER

                                0
----------- --------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

            0
----------- --------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
            SHARES* [ ]
----------- --------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            0.0%
----------- --------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

            IN
----------- --------------------------------------------------------------------







                                   SCHEDULE 13D

----------------------------                         ---------------------------
CUSIP No. 827056300                                  Page 8 of 13 Pages
----------------------------                         ---------------------------


----------- --------------------------------------------------------------------
    1       NAME OF REPORTING PERSON
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Josiah Rotenberg
----------- --------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]
                                                                 (b) [X]
----------- --------------------------------------------------------------------
    3       SEC USE ONLY
----------- --------------------------------------------------------------------
    4       SOURCE OF FUNDS*

            AF
----------- --------------------------------------------------------------------
    5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
            ITEMS 2(d) or 2(e)     [ ]
----------- --------------------------------------------------------------------
    6       CITIZENSHIP OR PLACE OF ORGANIZATION

            United States, Canada and Israel
--------------------- --------- ------------------------------------------------
                         7      SOLE VOTING POWER

                                0
                      --------- ------------------------------------------------
                         8      SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED              0
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER

                                0
                      --------- ------------------------------------------------
                         10     SHARED DISPOSITIVE POWER

                                0
----------- --------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

            0
----------- --------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
            SHARES* [ ]
----------- --------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            0.0%
----------- --------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

            IN
----------- --------------------------------------------------------------------







     This  Amendment No. 1 to Schedule 13D (this  "Amendment  No. 1") relates to
the common  stock,  par value $0.01 per share (the "Common  Stock"),  of Silicon
Graphics,  Inc., a Delaware corporation (the "Company"),  and is filed on behalf
of Monarch  Alternative  Capital LP (formerly  Quadrangle Debt Recovery Advisors
LP, which was in turn was formerly  Quadrangle  Debt Recovery  Advisors  LLC), a
Delaware  limited  partnership  ("MAC"),  Monarch Debt Recovery  Master Fund Ltd
(formerly QDRF Master Ltd), a Cayman Islands corporation  ("MDRF"),  and Monarch
Opportunities  Master Fund Ltd  (formerly  Quadrangle  Debt  Opportunities  Fund
Master Ltd), a Cayman  Islands  corporation  ("MOF",  and together  with MAC and
MDRF, the "Monarch Filers").  This Amendment No. 1 amends the information in the
statement  on Schedule  13D filed by the Monarch  Filers and certain  individual
principals  of MAC on October 27, 2006 (as amended by this  Amendment No. 1, the
"Schedule  13D").  MAC is the  investment  advisor to a variety  of funds  (such
funds,  collectively,  including  but not limited to MDRF and MOF, the "Funds").
The Funds  directly own the Common Stock to which this  Amendment No. 1 relates,
and MAC may be deemed to have  beneficial  ownership  over such Common  Stock by
virtue of the  authority  granted to them by the Funds to vote and to dispose of
the securities held by the Funds, including the Common Stock.  Capitalized terms
used and not otherwise  defined herein have the meanings ascribed thereto in the
Schedule 13D.

Item 2.   Identity and Background

     Item 2 of the Schedule 13D is amended and restated as follows:

     (a)  This  statement  is  being  filed by the  Monarch  Filers.  MAC is the
investment  advisor to the Funds,  which  directly own the Common Stock to which
this Schedule 13D relates, and MAC may be deemed to beneficially own such Common
Stock by  virtue  of the  authority  granted  to it by the  Funds to vote and to
dispose of the  securities  held by the Funds.  MDRA GP LP ("MDRA GP LP") is the
sole general partner of MAC.  Monarch GP LLC is the sole general partner of MDRA
GP LP. Michael  Weinstock,  Andrew  Herenstein,  Christopher  Santana and Josiah
Rotenberg are the controlling  members of Monarch GP LLC. MAC and MDRA GP LP are
each organized as a limited partnership under the laws of the State of Delaware.
Monarch GP LLC is organized as a limited liability company under the laws of the
State of Delaware.  MDRF and MOF are each  organized as a corporation  under the
laws of the Cayman Islands.

     (b) The address of the principal business and principal office of MAC, MDRA
GP LP, Monarch GP LLC, MDRF and MOF is 535 Madison Avenue, 17th Floor, New York,
New York 10022.  Set forth on Schedule 1 hereto is the (i) name,  (ii)  business
address,  (iii) present principal  occupation or employment and (iv) citizenship
of each of the directors of MDRF and MOF.

     (c) The principal business of MAC is to serve as investment advisor to, and
to control the investment  activities of, the Funds.  The principal  business of
each of Mr. Weinstock,  Mr. Herenstein,  Mr. Santana and Mr. Rotenberg is to act
as managing members of Monarch GP LLC and control MAC. The principal business of
MDRF and MOF is to invest  and trade in  distressed  debt  securities  and other
securities and to make other investments.

     (d) None of the Monarch Filers, nor, to the best of their knowledge, any of
the persons  named in this Item 2 or on  Schedule 1 hereto has,  during the last
five  years,  been  convicted  in  a  criminal  proceeding   (excluding  traffic
violations or similar misdemeanors).

                                       9


     (e) None of the Monarch Filers, nor, to the best of their knowledge, any of
the persons  named in this Item 2 or on  Schedule 1 hereto has,  during the last
five years,  been a party to a civil proceeding of a judicial or  administrative
body of  competent  jurisdiction  and as a result of such  proceeding  was or is
subject to a judgment,  decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.

     (f) Each of Mr. Weinstock, Mr. Herenstein, Mr. Santana and Mr. Rotenberg is
a United States citizen. Mr. Rotenberg is also a citizen of Canada and Israel.

Item 4.   Purpose of Transaction

     Item 4 of the Schedule 13D is amended by adding the following thereto:

     On August 26, 2008, Chun Won Yi, an employee of MAC and its  representative
on  the  board  of  directors  of  the  Company  (the  "Board"),  submitted  his
resignation  from the Board.  The Monarch Filers do not currently have any plans
or proposals relating to the sale or other  disposition  of Common Stock,  as a
result of Mr. Yi's  resignation  or  otherwise.  The  Monarch  Filers may in the
future,  however, make further acquisitions of of Common Stock from time to time
or dispose of any or all of the shares of Common Stock held by the Funds, at any
time.

Item 5.   Interest in Securities of the Issuer

     (a) MAC  beneficially  owns 3,109,640 shares of Common Stock (the "Shares")
as of the date hereof.  The Shares  represent 26.8% of the 11,582,057  shares of
Common  Stock  outstanding  as of April 25, 2008,  as reported in the  Company's
Quarterly  Report on Form 10-Q for the  quarterly  period  ended March 28, 2008,
which is the  most  recent  quarterly  or  annual  report  filed by the  Company
pursuant  to the  Act.  The  percentages  used  herein  and in the  rest of this
statement are  calculated  based upon this number of  outstanding  shares.  MDRF
directly  beneficially  owns 2,096,594  shares of Common Stock,  which represent
18.1% of the outstanding shares of Common Stock. MOF directly  beneficially owns
661,215 shares of Common Stock,  which represent 5.7% of the outstanding  shares
of Common Stock.  None of the other  individual Funds owns a number of shares of
Common Stock representing more than 5% of such total.

     (b) MAC shares voting and  dispositive  power over the 3,109,640  shares of
Common  Stock held  directly by the Funds with each Fund  directly  holding such
shares. MAC and MDRF share voting power and dispositive power over the 2,096,594
shares  of  Common  Stock  held by MDRF.  MAC and MOF  share  voting  power  and
dispositive power over the 661,215 shares of Common Stock held by MOF.

     (c) On August  27,  2008,  Mr. Yi  transferred  to the Funds  vested  stock
options  granted to him by the  Company  as  compensation  for his  service as a
member of the Board.  Specifically,  Mr. Yi transferred options exercisable into
12,500  shares of Common  Stock.  There have been no other  transactions  in the
Common  Stock  effected  during the past 60 days by any  person  named in Item 2
hereof.

     This  Amendment  No. 1 reflects  that none Messrs.  Weinstock,  Herenstein,
Santana and Rotenberg has  beneficial  ownership of the Shares,  in light of the
fact  that  none  of  Messrs.  Weinstock,   Herenstein,  Santana  and  Rotenberg
individually possesses the ability to vote or cause

                                       10


the  voting of, or to dispose  or cause the  disposition  of, or to prevent  the
voting or disposition of, the Shares.

     (d) Not applicable.

     (e) As described in Item 5(c) above, Messrs. Weinstock, Herenstein, Santana
and Rotenberg do not beneficially own any shares of Common Stock.

Item 6.   Contracts, Arrangements, Understandings or Relationships With Respect
          to Securities of the Issuer.

     The Monarch Filers have entered into an amended and restated agreement with
respect to the joint filing of this  statement  and any  amendment or amendments
hereto, pursuant to Rule 13d-1(k) promulgated under the Exchange Act.

     As described in Item 5(c) above,  Mr. Yi  transferred  vested stock options
granted to him by the Company as compensation for his service as a member of the
Board.  Such  options  entitle  the Funds to purchase a total  12,500  shares of
Common Stock at a price of $18.13 per share and expire on November 30, 2011.

Item 7.   Material to be Filed as Exhibits.

99.3 Joint Filing Agreement, dated as of August 29, 2008, by and between the
     Monarch Filers.

                         [Signatures on following page]

                                       11



                                   SIGNATURES


     After reasonable  inquiry and to the best of our knowledge and belief,  the
undersigned  certify that the  information  set forth in this statement is true,
complete and correct.

Dated:  August 29, 2008

                                          MONARCH ALTERNATIVE CAPITAL LP

                                          By:  MDRA GP LP, its general partner
                                          By:  Monarch GP LLC, its general
                                               partner

                                          By:  /s/ Michael Weinstock
                                               ---------------------------------
                                               Name:   Michael Weinstock
                                               Title:  Managing Member


                                          MONARCH DEBT RECOVERY MASTER FUND LTD

                                          By:  /s/ Michael Weinstock
                                               ---------------------------------
                                               Name:   Michael Weinstock
                                               Title:  Director


                                          MONARCH OPPORTUNITIES MASTER FUND LTD

                                          By:  /s/ Michael Weinstock
                                               ---------------------------------
                                               Name:   Michael Weinstock
                                               Title:  Director


                                          /s/ Michael Weinstock
                                          --------------------------------------
                                          Michael Weinstock


                                           /s/ Christopher Santana
                                          --------------------------------------
                                          Christopher Santana


                                           /s/ Andrew Herenstein
                                          --------------------------------------
                                          Andrew Herenstein


                                           /s/ Josiah Rotenberg
                                          --------------------------------------
                                          Josiah Rotenberg


               [SIGNATURE PAGE TO AMENDMENT NO. 1 TO SCHEDULE 13D
                     WITH RESPECT TO SILICON GRAPHICS, INC.]








                                                                      Schedule 1


Directors of Monarch Debt Recovery Master Fund Ltd
--------------------------------------------------

Michael Weinstock
c/o Monarch Alternative Capital LP
535 Madison Avenue
New York, NY  10022

Linburgh Martin
c/o Close Brothers (Cayman Limited)
Harbour Place, 103
South Church Street
P.O. Box 1034GT
George Town, Grand Cayman,
Cayman Islands

Ivan John Sutlic
P.O. Box 30902
5 Bel Air Drive GT
Grand Cayman KY1-1204
Cayman Islands





Directors of Monarch Opportunities Master Fund Ltd
--------------------------------------------------

Michael Weinstock
c/o Monarch Alternative Capital LP
535 Madison Avenue
New York, NY  10022

Linburgh Martin
c/o Close Brothers (Cayman Limited)
Harbour Place, 103
South Church Street
P.O. Box 1034GT
George Town, Grand Cayman,
Cayman Islands

Ivan John Sutlic
P.O. Box 30902
5 Bel Air Drive GT
Grand Cayman KY1-1204
Cayman Islands