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Cray Computer Corp – ‘8-K’ for 3/1/95

As of:  Wednesday, 3/1/95   ·   For:  3/1/95   ·   Accession #:  927356-95-59   ·   File #:  0-18072

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/01/95  Cray Computer Corp                8-K:5       3/01/95    1:7K                                     Donnelley R R & S..08/FA

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     14K 


Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
2Item 5. Other Events
4Item 7. Financial Statements and Exhibits
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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Event) March 1, 1995 (February 27, 1995 and February 23, 1995) CRAY COMPUTER CORPORATION (Exact name of registrant as specified in its charter) Delaware (State of Incorporation) 0-18072 84-1120275 (Commission file number) (I.R.S. Employer Identification Number) 1110 Bayfield Drive, Colorado Springs, Colorado 80906 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (719) 579-6464
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Item 5. Other Events. ---------------------- Other Event No. 1: A Special Meeting of Stockholders of Cray Computer ------------------ Corporation was held at the Antlers Doubletree Hotel, 4 South Cascade Avenue, Colorado Springs, Colorado, on Monday, February 27, 1995 at 9:00 A.M. Mountain Standard Time (MST). At the meeting, Stockholders approved an amendment to ARTICLE IV of the Company's Restated Certificate of Incorporation increasing the Company's authorized Common Stock from 60,000,000 to 120,000,000 shares. The first paragraph of ARTICLE IV now provides as follows: "The total number of shares of stock which the Corporation shall have authority to issue is one hundred twenty million (120,000,000) shares of Common Stock, having a par value of One Cent ($0.01) per share, and twenty million (20,000,000) shares of Preferred Stock having a par value of One Cent ($0.01) per share." No other business was transacted at the meeting. Other Event No. 2: The Registrant issued the following press release on ------------------ February 23, 1995: CRAY COMPUTER CORPORATION'S PRICE/PERFORMANCE LEADERSHIP REAFFIRMED BY COMPETITIVE ANNOUNCEMENT COLORADO SPRINGS, CO., FEBRUARY 23, 1995-Cray Computer Corporation (NASDAQ:CRAY) today said its CRAY-4 high performance supercomputer remains the price/performance leader by offering comparable performance with four times the memory at about 40 percent less than the price of a recently announced competitive product. The Company made the comparison today after reviewing published product information from rival Cray Research, Inc., whose new T90 vector supercomputer was announced in Tokyo, Wednesday, February 22, 1995. Cray Computer Corporation expects to have a deliverable CRAY-4 in the second quarter of this year. Based on published competitive information, the CRAY-4, announced in November, 1994, will offer substantially better value than the Cray Research's T90. For an eight-processor, 16 gigaflop system, Cray Computer's CRAY-4 will offer 512 megawords (4096 megabytes) of memory at $5.8 million. A similar performance T90 offers only 128 megawords (1024 megabytes) of memory and is priced at $9.5 million. When comparing 16-processor systems, the price/performance advantage of the CRAY-4 is at least two times over the rival T90 and will offer twice the memory. For a 16-processor, 32 gigaflop system, the CRAY-4 will offer 1,024 megawords (8192 megabytes) of memory for $11 million. The similarly configured T90 will offer only 512 2
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megawords (4096 megabytes) of memory for an announced $22 million price. "Clearly the price/performance value of our new CRAY-4 is dramatically ahead of any competitive system," said Cray Computer Corporation Executive Vice President of Marketing, Charles Breckenridge. "It is our experience that users of this class of systems are demanding larger and larger memories and that a well- balanced system today will have on the order of 64 million words of memory per processor." The CRAY-4, developed by the industry's leading designer, Seymour Cray, features a 1 nanosecond clock cycle equivalent to an operating speed of one gigahertz. Mr. Breckenridge said that the CRAY-4 is the first supercomputer of its kind to double per processor performance over a previous generation with a dramatic decrease in system price. "We have been able to accomplish that because of our significant investment in basic hardware technology and design, which has dramatically decreased the number of components required and the costs of components used," Mr. Breckenridge said. When Cray Computer announced its new CRAY-4 last year, International Data Corporation said that a "significant proportion of users" in the high-end of the supercomputer market "will give the CRAY-4 careful consideration." [Download Table] Cray Cray Cray Computer Research CRAY-4 CRAY-4 T90 Advantage ------------- ------------ ------------- Announced Nov., 1994 Feb., 1995 Processors: 8 8 Performance (Gigaflops) 16 16 Memory (Megawords) 512 128 4X Memory Price $5.8 Million $9.5 Million About 2/3 T90 Processors: 16 16 Performance (Gigaflops) 32 32 Memory (Megawords) 1024 512 2X Memory Price $11 Million $22 Million About 1/2 T90 Cray Computer Corporation is engaged in the design, development, manufacture and marketing of the CRAY-3, CRAY-3/SSS and CRAY-4 high-performance computer systems. NASDAQ-CRAY ### 3
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Item 7. Financial Statements and Exhibits ----------------------------------------- Exhibits None 4
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SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. CRAY COMPUTER CORPORATION ------------------------- DATE: March 1, 1995 BY: /s/ William G. Skolout -------------------------- William G. Skolout Vice President and Chief Financial Officer 5

Dates Referenced Herein   and   Documents Incorporated by Reference

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Filing Submission 0000927356-95-000059   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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