Cray Inc. Names Michael P. Haydock as President & CEO.Business Editors & Technology Writers SEATTLE--(BUSINESS WIRE)--Oct. 1, 2001 Former IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. , Control Data Executive Will Lead Global Operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. and Work With Chairman James Rottsolk To Expand Company's Market Presence Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that it has named Michael P. Haydock, a former IBM Global Services and Control Data executive, as its president and chief executive officer. In his new position, Mr. Haydock will lead Cray Inc.'s global operations and work with James Rottsolk, chairman, to expand the company's market presence as powerful new Cray supercomputer products now in development become available later this year and in 2002. "Mr. Haydock's highly relevant experience and track record make him the ideal operational leader at this important point in Cray Inc.'s evolution," said Mr. Rottsolk. "Mike most recently led a high-growth global operation for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . He is a noted authority on strategic marketing, has held senior roles in sales and application development, and has substantial experience in supercomputer markets. Mike has been a prior supercomputer user and shares a passion for improving science using supercomputing techniques and the value this capability brings to our Cray customers. I look forward to working with him." Mr. Rottsolk will focus on corporate strategy and relationships with major customers, investors and senior-level government officials. Cray Inc. was formed in April 2000 when Tera Computer acquired the assets of SGI's Cray Research business unit. Before joining Cray Inc., Mr. Haydock served as vice president of IBM Global Service's Sell & Support Solutions business unit, a worldwide operation that has grown rapidly and serves the technology needs of Chief Marketing Officers of major corporations. During his 12-year tenure at IBM (1989-2001), his other increasingly responsible management positions included leading a large global consulting practice focused on developing applications for commercial data mining and decision support. Mr. Haydock has also served as an executive building IBM's Business Intelligence business in Europe, Middle East and Africa while residing in Paris, France. From 1977 to 1989, Mr. Haydock held various marketing and sales positions at Control Data Corporation, culminating in roles as national accounts sales manager, manager of strategic marketing and, finally, director of Environmental Sciences and Emerging Technologies. This last position included primary responsibility for marketing and sales of supercomputers to weather and financial services organizations. Mr. Haydock has earned bachelor's and master's degrees from Florida Atlantic University “FAU” redirects here. For other uses, see FAU (disambiguation). Florida Atlantic University, also referred to as FAU or Florida Atlantic, is a public, coeducational research university with its main campus in Boca Raton, Florida, United States. and has completed postgraduate studies in banking at the Wharton School of Business and in marketing at the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. . Mr. Haydock has a patent pending for his concept and solution of "horizontal marketing" and has been widely published on this and related topics using numerical methods to solve complex marketing challenges. About Cray Inc. Cray Inc. designs, builds, sells and services supercomputer systems. The company has leading edge technology, multiple product platforms, a worldwide installed base, major manufacturing and service capabilities and extensive global customer relationships. Cray believes its Multithreaded multithreaded - multithreading Architecture and Cray T3E(TM), Cray SuperCluster su·per·clus·ter n. A group of neighboring clusters of galaxies. supercluster A large group of neighboring clusters of galaxies, along with isolated galaxies scattered between them, the entire collection (R) and Cray SV1(TM) and SV2(TM) systems, together with NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. vector products, represent the future of supercomputing. Go to www.cray.com for more information on the company. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements. There are certain factors that could cause Cray's execution plans to differ materially from those anticipated by the statements above. Among such risk factors are expected delivery and acceptance times, and timely availability of commercially acceptable components from third party suppliers. For a discussion of such risks, and other risks that could affect Cray's future performance, please see "Factors That Could Affect Future Results" in Cray Inc.'s quarterly report on Form 10-Q Form 10-Q See 10-Q. . Cray and SuperCluster are registered trademarks, and Cray SV1, Cray SV2, Cray T3E and Cray XMP (X/Open Management Protocol) A high-level network management protocol governed by X/Open. Network management software written to the XMP interface is shielded from the details of the underlying SNMP or CMIP protocols. are trademarks, of Cray Inc. All other trademarks are the property of their respective owners. |
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