Cray Inc. Ships First Production Version of Cray X1 System; Company Meets All 2002 Goals.Business Editors & Technology Writers SEATTLE--(BUSINESS WIRE)--Jan. 2, 2003 Global 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 leader 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 it shipped the first production version of the new Cray X1(TM) supercomputer system at the end of 2002. "Shipping the first production Cray X1 system is another important milestone “Milemarker” redirects here. For the American indie rock band, see Milemarker (band). A milestone or kilometre sign is one of a series of numbered markers placed along a road at regular intervals, typically at the side of the road or in a median. for Cray and our customers," said Cray Inc. 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. "With this shipment and recent orders, we have met all of our 2002 goals -- first customer shipment of the Cray X1, revenue of between $150 and $160 million, profit for both the year and the second half, and backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of $100 million." "These achievements are a real tribute to the entire Cray team world-wide," added Rottsolk. "We have set a solid performance base for even greater success in 2003." 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. Cray is a registered trademark, and Cray X1 is a trademark, of Cray Inc. All other trademarks are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion