(Nasdaq: CRAY) today reported an order valued at approximately $8 million from an
unnamed international customer for a Cray X1E(TM) supercomputer and a Cray
XD1(TM) supercomputer. The two systems are scheduled to be installed in the
first half of 2005.
"This is our second announced international order for the powerful Cray X1E
vector supercomputer, the fully compatible successor to the Cray X1(TM) system.
Tokyo, Japan, Nov 26, 2004 (JCNN via COMTEX) -- NEC (TSE: 6701) has announced
that it has delivered four vector supercomputer "SX-6"systems to the University
of Victoria in Canada. In addition, it has received orders for two vector
supercomputer systems of "SX-6/5A" from Ouranos Consortium in Montreal, Canada.
Both transactions were through Cray, Inc.
The delivered systems are NEC's "SX-6/8A" with a peak vector performance of 72
GFLOP/s - 72 billion floating-point operations per second, main memory capacity:
32 GB). These SX-6 systems will be installed at University of Victoria's School
of Earth and Ocean Sciences and will be utilized for climate and paleo climate
research conducted in Western Canada. In addition, Ouranos Consortium has ordered two systems, with a third SX-6/8A"
to be added in February 2005.
U.S. Bancorp Piper Jaffray
initiated coverage on Cray Incorporated (Nasdaq: CRAY) with an 'outperform'
rating and $5 price target. The firm is resuming their coverage on the stock.
They feel CRAY is on the front-end of a major product cycle in FY05 with its new
and refreshed product line.
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