403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx
Follow us:
403 Forbidden

403 Forbidden


nginx

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

June 4, 2007 at 10:49 AM

Cray lowers guidance, takes a beating

Seattle-based supercomputer maker Cray announced that it’s expecting revenue this year at or below $200 million.

“While there continues to be a wide range of potential outcomes … consequently, there is an increased probability that the company will not achieve profitability for the year,” company management wrote.

Cray shares were down more than 12 percent, 96 cents, to $6.99 in early afternoon trading on the Nasdaq.

It sounds like the current year revenue slide is more of a delay than a disappearance altogether. Cray attributes the downgrade to “timing of volume parts availability” for its quad-core Cray XT4 systems. The company expects to begin selling these systems in the fourth quarter, but “the timing is such that most or all of the planned acceptances, and associated revenue recognition, will likely be deferred until early 2008.”

Peter Ungaro, Cray’s CEO, said in a statement the company is disappointed that two of its top goals — growth and profitability — are now “in jeopardy for 2007.”

Comments | More in Hardware

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


403 Forbidden

403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx