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  September 5, 2001
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Home > Company Index > Computer Hardware > Large-Scale Computers > Cray Inc.

Cray Inc.
Nasdaq: CRAY
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 NEWS FROM THE STANDARD
Compaq Looks for Server Salvation
Jan 25 2001 04:02 PM PST

 PROFILE
Cray (formerly Tera Computer) makes computers that aren't just good - they're super. Its massively parallel and vector supercomputers provide the firepower behind research ranging from weather forecasting to classified government projects. It also provides maintenance services (more than 60% of sales). The Defense Department has provided major funding to Cray, whose chief scientist is supercomputing guru Burton Smith. In a move to link its future to the past, the company bought Cray Research from Silicon Graphics Inc. and changed its name to Cray Inc. In 2001 NEC announced it would invest $25 million in Cray, dependent upon Cray dropping a lawsuit that resulted in heavy import taxation of NEC supercomputers in the US.

 COMPETITION
Fujitsu Limited (FJTSY)
Hitachi, Ltd. (HIT)
International Business Machines Corporation (IBM)

 DEALS
Deal: NEC Invests in Cray
Date Announced: 03.02.01
Value of transaction (US $Mil): 25
Description: Japanese hardware manufacturer invests in U.S. supercomputer maker, prompting Cray to drop its dumping charge against NEC; Cray also becomes NEC's exclusive North American retailer.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 118.10
1-Yr. Sales Growth: 5,523.8%
Employees: 886
Revenue per employee: $133,295.71

 KEY PEOPLE
• James E. Rottsolk
    CEO
• Kenneth W. Johnson
    CFO

 CONTACT INFO
411 1st Ave. South, Ste. 600
Seattle, WA 98104
US
Phone: 206-701-2000
Fax: 206-701-2500
Online: Web Site

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