Re: SGI Forms Separate Unit for Cray Business

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Posted by jhg on May 21, 2000 at 14:26:33:

In Reply to: SGI Forms Separate Unit for Cray Business posted by Terry Jones on August 10, 1999 at 16:21:23:

: MOUNTAIN VIEW, Calif., Aug. 10 /PRNewswire/ -- SGI (NYSE:
: SGI) today announced it has formed a
: separate business unit to lead development, marketing, sales
: and service for the company's Cray(R)
: vector supercomputers. SGI said it is in active discussions
: with other companies to assume the
: operation of the Cray business through a partnership or
: other transaction.

: The Cray business unit, based in Chippewa Falls, Wis. and
: Eagan, Minn., will be responsible for the
: Cray T90(TM), the new Cray SV1(TM) and the next-generation
: Cray SV2(TM) vector supercomputer
: products, along with the Cray T3E(TM) scalable parallel
: system. In the latest (June 1999) independent
: ranking of the "World's Top 500 Supercomputer Sites," Cray
: systems accounted for five of the top 10,
: and 26 of the top 50 supercomputers in the world.

: "The Cray business focuses on serving the special
: requirements of vector supercomputing customers,"
: said Rick Belluzzo, chairman and CEO. "This is an important
: business that is complementary to SGI's
: scalable server business, but the vector market has its own
: distinct product cycles, application
: partners and sales and service model. We have decided that
: pursuing these agendas separately but in
: coordination creates the best opportunity for the success of
: both businesses. We will continue to have
: a close relationship with the business since the forthcoming
: Cray SV2 product line will be built in
: conjunction with SGI's next-generation SN server platform
: technology. And SGI itself will continue to be
: a leader in supercomputing with our scalable ccNUMA
: technology."

: The Cray business represents less than 10 percent of SGI's
: overall revenue, based on the quarter
: ended June 30, 1999.

: The new unit will be headed by supercomputer industry
: veteran Steve Oberlin, currently vice president
: of Engineering for SGI's Servers and Supercomputers Business
: Unit.

: "For certain important classes of government and industrial
: applications, there is simply no substitute
: for vector supercomputers," Oberlin said. "We're excited
: about the opportunity to place increased focus
: on this business and its special sales and service
: requirements. We look forward to continuing the
: development of the next-generation Cray SV2 vector product,
: which we believe will redefine vector
: supercomputing."

: Along with the Cray supercomputer products, the new unit
: will manage advanced packaging, cooling
: and CMOS technologies; scalable software, including the
: UNICOS(R) and UNICOS/mk(R) operating
: systems; and the CF90(TM) and SHMEM programming
: environments.

: SGI will continue to have significant engineering, sales and
: service activities at its Eagan site, and
: Chippewa Falls will continue as a principal manufacturing
: and engineering location.

: This press release includes forward-looking statements that
: involve a number of risks, uncertainties
: and other important factors that could cause actual results
: or activities to differ materially. The
: discussions with third parties described in this press
: release are preliminary, non-binding discussions
: and there is no assurance that the company will be able to
: reach definitive agreements or to
: consummate those agreements. Other factors that may affect
: the company's actual results include the
: risks, uncertainties and other factors set forth in its
: filings with the SEC (, particularly
: those described under the caption "Risks That Affect Our
: Business," including the timely development,
: production and release of future Cray vector products;
: future levels of market acceptance and customer
: demand for vector computing products; and the impact of
: competitive markets, products and pricing.

: SGI provides a broad range of high-performance computing and
: advanced graphics solutions that
: enable customers to understand and conquer their toughest
: computing problems. Headquartered in
: Mountain View, Calif., with offices worldwide, the company
: is located on the Web at

: NOTE: SGI and the SGI logo are trademarks of Silicon
: Graphics, Inc. Cray, UNICOS and UNICOS/mk
: are registered trademarks, and Cray SV1, Cray SV2, Cray T3E,
: Cray T90 and CF90 are trademarks, of
: Cray Research, L.L.C., a wholly owned subsidiary of Silicon
: Graphics, Inc. All other trademarks
: mentioned herein are the property of their respective
: owners.


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