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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 251.32

-3.2%

Jan 26 3:59 PM EST

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To: Pravin Kamdar who wrote (103730)	10/27/2003 12:51:49 AM
From: milo_morai	Read Replies (4) of 275872

<font color=red>Cray Picks AMD Chips for New Line of Microprocessors Dow Jones Business News Monday October 27, 12:25 am ET <font color=blue> Cray Inc. (NasdaqNM:CRAY - News) , which pioneered the market for supercomputers, hopes to blaze another trail with machines based on a new line of microprocessor chips from Advanced Micro Devices Inc. (NYSE:AMD - News) , Monday's Wall Street Journal reported. The Seattle company developed the technology under a $90 million contract with Sandia National Laboratory in New Mexico, which is installing a system dubbed Red Storm that will be one of the most powerful in the world. Cray plans to announce today that it also will sell systems based on the Red Storm technology to other customers. Cray's plans have spurred interest in the scientific community, because the company is addressing a technical bottleneck that has prevented systems based on inexpensive components to be applied to the most demanding computing tasks. The term supercomputer is generally applied to the largest machines available, which are typically constructed from hundreds of microprocessor chips. Cray, the successor to a company formed by the late computer designer Seymour Cray, is known for augmenting those chips with proprietary circuitry that allows the chips to exchange data at very high speed. It sells a machine called X1 that uses a custom-designed microprocessor along with its communications chips. Wall Street Journal Staff Reporter Don Clark contributed to this report. biz.yahoo.com and cray.com

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