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CRAY COMPUTER REPORTS SECOND QUARTER RESULTS

 CRAY COMPUTER REPORTS SECOND QUARTER RESULTS
 COLORADO SPRINGS, Colo., July 16 /PRNewswire/ -- Cray Computer


Corp. (NASDAQ: CRAY) reported a net loss of $25,883,000, or $1.07 per share, for the six months ended June 30, 1992. This compares with a net loss of $24,762,000, or $1.34 per share for the six months ended June 30, 1991.
 Net loss for the second quarter of 1992 was $11,941,000 or 49 cents per share compared with a net loss of $12,731,000 or 69 cents per share for the second quarter of 1991.
 Cray Computer is engaged in the design and development of the CRAY-3 computer system.
 CRAY COMPUTER CORP.
 (A Development Stage Enterprise)
 STATEMENTS OF OPERATIONS
 (In thousands, except per share data)
 Three Months Six Months
 Ended June 30, Ended June 30,
 1992 1991 1992 1991
 Revenue $84 $83 $167 $166
 Operating costs and
 expenses:
 Cost of revenue 40 40 80 80
 Research & development 11,899 12,501 25,810 24,204
 Marketing 157 127 345 245
 General and administrative 749 575 1,591 1,279
 12,845 13,243 27,826 25,808
 Operating loss (12,761) (13,160) (27,659) (25,642)
 Other income, net 820 429 1,776 880
 Net loss $ (11,941) $(12,731) $(25,883) $(24,762)
 Net loss per share $(.49) $(.69) $(1.07) $(1.34)
 Average number of common
 shares outstanding 24,302 18,643 24,233 18,545
 -0- 7/16/92
 /CONTACT: Greg Barnum of Cray Computer, 719-579-6464/
 (CRAY) CO: Cray Computer Corp. ST: Colorado IN: CPR SU: ERN


BB -- DV009 -- 9934 07/16/92 16:09 EDT
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Date:Jul 16, 1992
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