Cray Inc. Ranked Third Fastest Growing Technology Company in North America on the 2002 Deloitte & Touche Technology Fast 500.Business Editors SEATTLE--(BUSINESS WIRE)--Oct. 16, 2002 Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that it ranked number three on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Rankings are based on percentage revenue growth over five years, from 1997-2001. Cray grew 180,450 percent during this period. Cray chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jim Rottsolk said, "Cray progressed during this period from a development-stage firm to a highly competitive operating-stage company, thanks to the dedicated talent of our employees and the increased confidence of our customers and investors. I'm proud of our accomplishments to date, and excited about our next five years together." "With its ranking on the prestigious Deloitte & Touche Technology Fast 500, Cray's leaders have proven that they have the vision and the fortitude to excel in the highly competitive technology industry," said Mark A. Evans, managing director of Deloitte & Touche's Technology, Media & Telecommunications Group. "We congratulate Cray on becoming one of the 500 fastest growing technology companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada." In addition to ranking on the Deloitte & Touche Technology Fast 500, Cray ranked first on the Washington Technology Fast 50, which is a ranking of the 50 fastest-growing technology firms in Washington state. Fast 500 Selection and Qualifications The Fast 500 list is compiled from three sources: Deloitte & Touche's 20 regional North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company's operating revenues or devote a high percentage of effort to research and development of technology. Technology Fast 500 winners are invited to an exclusive CEO Summit held each spring. The CEO Summit, now in its fifth year, is designed to address the unique business challenges facing these super-charged technology companies. About Cray Inc. Cray is the premier provider of supercomputing solutions for customers' most challenging scientific and engineering problems. Go to www.cray.com for more information about the company. 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For more information on the Technology Fast 50 and Fast 500 programs, please visit www.fast50.com. |
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