Cray Inc. Files Registration Statement for Public Offering of Its Common Stock.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Jan. 7, 2003 Cray (Cray, Inc., Seattle, WA, www.cray.com) A supercomputer manufacturer founded in 1972 as Cray Research, Inc., by Seymour Cray, a leading designer of large-scale computers at Control Data. In 1976, it shipped its first computer to Los Alamos National Laboratory. Inc. (Nasdaq NM:CRAY) today announced that it has filed with the Securities and Exchange Commission a registration statement for a proposed public offering of 6,000,000 shares of common stock from the company and 250,000 shares of common stock from certain selling shareholders. Cray intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from its sale of shares for general corporate purposes. Needham & Company, Inc. and SG Cowen Securities Corporation are the managing underwriters Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. for the offering. Cray has granted the underwriters a 30-day option to purchase up to 937,500 shares of common stock solely to cover over-allotments. Cray designs, develops, markets and services high performance supercomputers for government, industry and academia. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion