Cray Logo
spacer

blog  facebook  twitter  linkedin  google plus  youtube
graphicHomeSupportCustom EngineeringIndustry SolutionsProgramsAbout Cray
graphicHome > Investors > News Release
graphic
spacer
graphic
 
graphicInvestors
graphic
Overview
graphic
News Releases
graphic
Proxy Materials
graphic
Presentations and Webcasts
graphic
Investor Events
graphic
graphic
SEC and Section 16 Filings
graphic
Corporate Governance
graphic
Request Information
graphic
 

News Release

Printer Friendly Version View printer-friendly version
<< Back
Cray Completes Sale of Interconnect Hardware Assets to Intel

SEATTLE, WA, May 02, 2012 -- Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced that it has completed the previously announced transaction to sell its interconnect hardware development program and related intellectual property to Intel Corporation (NASDAQ: INTC) for $140 million in cash. The agreement was announced on April 24, 2012.

About Cray Inc.

As a global leader in supercomputing, Cray provides highly advanced supercomputers and world-class services and support to government, industry and academia. Cray technology is designed to enable scientists and engineers to achieve remarkable breakthroughs by accelerating performance, improving efficiency and extending the capabilities of their most demanding applications. Cray's Adaptive Supercomputing vision is focused on delivering innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to surpass today's limitations and meeting the market's continued demand for realized performance. Go to www.cray.com for more information.

Cray is a registered trademark of Cray Inc. in the United States and other countries.

Cray Media:
Nick Davis
206/701-2123
pr@cray.com

Cray Investors:
Paul Hiemstra
206/701-2044
ir@cray.com

 

   

Print Page Print Page | E-mail Page E-mail Page | RSS Feeds RSS Feeds | E-mail Alerts Investor Alerts | IR Contacts IR Contacts | Financial Tear Sheet Financial Tear Sheet

 

graphic