Get a load of TERA's "manufacturing update" !! One more delay, in a long history of delays. I'm astonished they're still afloat with that cash burn rate. I think that may be funeral music I'm hearing far off in the background . . . .
newsalert.com
Tera Computer Provides Manufacturing Update; Kathy Rowe Rejoins
Tera As Vice President of Manufacturing
Business Wire - September 30, 1998 22:26
SEATTLE--(BUSINESS WIRE)--Sept. 30, 1998--Tera Computer Company (Nasdaq:TERA), a Seattle-based supercomputer company, today noted the following developments regarding the status of its MTA supercomputer system:
-- The company has been building and testing its four-processor network at its Seattle headquarters. The network is currently
functional, with full bandwidth, and preliminary results show scaling as expected. A minor hardware issue involving an inaccurate termination of a transmission line, however, has prevented system clock speeds from reaching production levels.
-- The company has ordered corrected parts and expects this issue to be remedied soon. Consequently, the company has deferred the upgrade to four processors of the MTA system at the San Diego Supercomputer Center, which had been anticipated to occur in the third quarter. The company expects the network issue will not affect fourth quarter shipments.
-- Deliveries and yields of printed circuit boards, flex circuits, and ASICS needed to build additional resource modules and networks continue to improve.
In a separate development, Tera announced that Katherine L. Rowe has rejoined the company as vice president of manufacturing. "We are very pleased that Kathy has come back to the company and is able to resume her leadership of the manufacturing group," said James Rottsolk, president and CEO.
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