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SUPERCOMPUTER SYSTEMS EMPLOYEES FORM GRASSROOTS EFFORT TO SAVE COMPANY

 EAU CLAIRE, Wis., Feb. 1 /PRNewswire/ -- A group of Supercomputer Systems, Inc. (SSI) employees have joined together in a grassroots effort to raise $20M-$30M in immediate, short term funding to continue operations, save their company from closure and bring the world's fastest supercomputer to the marketplace.
 On Monday, Jan. 25, SSI announced that it was forced to cease operations because its general partner, International Business Machines (IBM), had decided not to continue further funding of its supercomputer project and the company itself was unable to secure sufficient outside funding. The decision to close means the loss of over 300 jobs.
 In a letter to Pres. Clinton, the employees stated, "We built the world's fastest supercomputer. We built it in America as a start-up, on limited funds. This was our 'American Dream.'" The employees are seeking the president's help in finding investors interested in ensuring America's continued leadership in high technology computing.
 Supercomputer Systems, Inc., was founded in October 1987 to engage in the research, development, production, marketing and support of advanced computing systems. The company was founded by Dr. Steve Chen, a recognized pioneer in the design and development of large-scale, parallel systems.
 For further information, interested investors can call the Help Hot- line at 715-833-7084.
 Dear Mr. President:
 We are the employees of a startup computer company called
 Supercomputer Systems, Inc. Five and a half years ago, a group of us
 led by Steve Chen left Cray Research with the goal of developing and
 building the fastest supercomputer in the world. Our shared dream
 has driven us through good times and bad to the recent successful
 power-on and bench marking of our prototype, the SS-1.
 We did it! We built the world's fastest supercomputer. We
 built it in America, as a startup, on limited funds. We have
 created over 300 jobs in our community and guaranteed that America
 will maintain her lead in high performance computing. This was our
 "American Dream."
 But early this week, disaster struck. Our partner, IBM has
 elected not to provide further financial support partly due to their
 own considerable financial difficulties. Their decision has forced
 us to close down. Soon, parts of what we have designed and built
 will be sold to the highest bidder. While that in itself is bad
 enough, it appears that our former partners are unwilling to allow
 us adequate time and opportunity to line up additional financing to
 make our dream a reality.
 If we had truly failed or believed any less in what we have
 created, its market potential, and each other, we would go quietly.
 But we still have faith. Now we are fighting: fighting for time,
 fighting for money, fighting for our families and our jobs and our
 dreams.
 Mr. President, all during your campaign you spoke effectively
 about supporting start-up companies, developing high technology in
 the United States, and creating jobs. Our company is the embodiment
 of all you support. Here is an opportunity to bring your promises
 to reality. What we seek from you is not taxpayer money but
 support: your public support could help us gain the time and
 financing we need to save our company. Today, we are taking our
 case to the press and the American people.
 Thanks for your help.
 The employees of Supercomputer Systems, Inc.
 -0- 2/1/93
 /CONTACT: Lee DeLorme of Supercomputer Systems, 715-833-7067/


CO: Supercomputer Systems, Inc. ST: Minnesota IN: CPR SU:

AL -- MN009 -- 1325 02/01/93 11:23 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:576
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