NVIDIA and SGI Set Direction of Strategic Alliance is a Business Wire report with more details about how the SGI/NVIDIA strategic alliance will impact the manufacture of new graphics technology at both companies. Here's an excerpt:

As a major initiative to bring a dramatic price/performance discontinuity to the visualization market and accelerate product time-to-market, SGI will incorporate NVIDIA's graphics technology into new desktop graphics systems. As part of the initiative, SGI will transfer a world-class team of 3D graphics engineers to NVIDIA to work on its next generation technology.

Speaking of SGI, SGI cutting up to 1,500 jobs in reorganization is a CNET News.com report of some job cuts there.