Printer Friendly

CRAY-3 CONTRACT TERMINATED

 CRAY-3 CONTRACT TERMINATED
 COLORADO SPRINGS, Colo., Dec. 23 /PRNewswire/ -- Cray Computer


Corp. (NASDAQ: CRAY) announced today that it has been served notice to assign the contract for the CRAY-3 for Lawrence Livermore National Laboratory to the alternate system, a CRAY Y-MP/C-90 from Cray Research Inc. (NYSE: CYR). The letter was received without prior discussion. It is being acted on immediately.
 As a result of LLNL's decision, the company will not recognize revenue on this contract in 1992 anticipated to be approximately $30 million, and will be required to seek agreement with another purchaser for its initial CRAY-3 system.
 Cray Computer is engaged in the design and development of the CRAY-3 computer system.
 -0- 12/23/91
 /CONTACT: Neil Davenport or Greg Barnum both of Cray Computer, 719-579-6464/
 (CRAY CYR) CO: Cray Computer Corp.; Cray Research Inc. ST: Colorado IN: CPR SU: PDT


BB -- DV004 -- 4956 12/23/91 16:31 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 23, 1991
Words:152
Previous Article:CHEMDESIGN DISCUSSES NEAR TERM OUTLOOK
Next Article:AMERICAN INTERNATIONAL GROUP AND OTHER PARTIES REACH SETTLEMENT WITH PERU IN BELCO PETROLEUM EXPROPRIATION CASE
Topics:


Related Articles
GRUMMAN AND CRAY RESEARCH TO NEGOTIATE NASA CONTRACT
CRAY RESEARCH WINS KAPL CONTRACT
PHILLIPS PETROLEUM ORDERS CRAY T3D MASSIVELY PARALLEL PROCESSING SYSTEM
CRAY COMPUTER CORP. AWARDED DEVELOPMENT CONTRACT FOR CRAY-3/SUPER SCALABLE SYSTEM
LEARJET ACQUIRES CRAY RESEARCH SUPERCOMPUTER
ARPA SELECTS CRAY T3E SYSTEM FROM CRAY RESEARCH
CRAY INC. LANDS $18.5M US ARMY CONTRACTS.
Cray Inc. receives $62m in orders for Cray X1 systems.
Cray selects S2io'S Xframe 10 Gigabit Ethernet Adapter for Cray XT3 supercomputer.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters