Newspaper article St Louis Post-Dispatch (MO)

Cray Computer Files Bankruptcy, Lays off Workers

Newspaper article St Louis Post-Dispatch (MO)

Cray Computer Files Bankruptcy, Lays off Workers

Article excerpt

Time finally ran out on supercomputer wizard Seymour Cray Friday when his 5-year-old company filed for bankruptcy after failing to sell any of its powerful computers despite years of development work.

Cray Computer Corp. said it was forced to file for protection from creditors under Chapter 11 of the bankruptcy code because it ran out of money. It suspended work on its projects and laid off nearly all its 350 employees. Cray is based in Colorado Springs, Colo.

The filing makes the company the latest supercomputer maker to succumb to the shrinking market for the world's fastest thinking machines.

Cray is not related to Cray Research Inc., the company founded in 1972 by Seymour Cray, the father of the supercomputer and a visionary in the field of high-speed computing.

Seymour Cray, who built his first supercomputer in 1952 at the age of 26, was not available for comment Friday. After the announcement, the company's stock lost most of its value, sliding 68. …

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