Cray Inc. Reports $9.4 Million in Orders for Cray SV1ex Supercomputer Solutions.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Jan. 31, 2002 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:CRAY) today announced that the company has received $9.4 million in new orders for Cray SV1ex(TM) supercomputer supercomputer, a state-of-the-art, extremely powerful computer capable of manipulating massive amounts of data in a relatively short time. Supercomputers are very expensive and are employed for specialized scientific and engineering applications that must handle very solutions from undisclosed non-U.S. customers. Approximately $1 million of the revenue is expected in the first quarter of 2002, with the remainder occurring in the second, third and fourth quarters. Cray SV1ex systems with enhanced memory began shipping in fourth-quarter 2001. The Cray SV1 product line was named "Best Supercomputer" in 2001, 2000 and 1999 by the readership of Scientific Computing & Instrumentation magazine, and helped make Cray Inc. number one in the latest rankings of supercomputer performance reported in November 2001 by industry analyst firm IDC. 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. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . There are certain factors that could cause Cray's execution plans to differ materially from those anticipated by the statements above. Among these factors are timely availability of commercially acceptable components from third party suppliers, and general economic and market conditions. For a discussion of these and other risks, see "Factors That Could Affect Future Results" in Cray's most recent Form 10-Q Form 10-Q See 10-Q. and "Additional Factors That Could Affect Future Results" in Cray's current report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed on Nov. 28, 2001. Note to Editors: Cray is a registered trademark, and Cray SV1ex is a trademark, of Cray Inc. All other trademarks are the property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion