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CRAY RESEARCH ANNOUNCES NEW STOCK REPURCHASE PLAN

 EAGAN, Minn., Sept. 17, /PRNewswire/ -- Cray Research, Inc. (NYSE: CYR) today announced that the company's board of directors, at its regularly scheduled meeting, authorized the repurchase on the open market of up to 1.5 million additional shares of the company's common stock or convertible debentures (determined on an as-if-converted basis).
 This authorization is in addition to the 575,000 shares which the company said it may repurchase under previous authority.
 "Repurchasing shares at appropriate points can be an effective use of available cash and fits our strategic plan to enhance shareholder value," said John F. Carlson, Cray's chairman and chief executive. The company said that repurchases would be made from time to time, depending on prices, market conditions and other factors and in accordance with applicable regulations.
 Cray Research creates the most powerful, highest quality computational tools for solving the world's most challenging scientific and industrial problems.
 -0- 9/17/93
 /CONTACT: Franklin J. Parisi, media, 612-683-7130; or Bill Gacki, financial, 612-683-7372; both of Cray Research/
 (CYR)


CO: Cray Research, Inc. ST: Minnesota IN: CPR SU:

DB-KH -- MN006 -- 3060 09/17/93 11:39 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
Words:186
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