Tera Computer buys Cray

Tera Computer buys Cray

SGI this month sold its Cray Research vector supercomputer subsidiary to Tera Computer Co. of Seattle for an undisclosed amount in cash and stock.

Tera Computer spokesman Lew Phelps said the combined companies, to be renamed Cray Inc., will continue SGI's efforts to build ever-faster supercomputers for the Energy Department's Accelerated Strategic Computing Initiative. ASCI hardware executes trillions of floating-point operations per second.

The acquisition 'will not affect continued use or support' of existing SGI Cray systems, Phelps said.

The new, combined company will continue development of the vector Cray SV2, which has Defense Department funding and is scheduled for release in 2002, Phelps said.

'Shruti Dat', Susan M. Menke and Christopher J. Dorobek

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