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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (8890)	3/5/2003 3:57:53 AM
From: StanX Long	Respond to of 95738

Cray Raises Revenue Expectation for 2003 sg.news.yahoo.com Wednesday March 5, 3:49 PM SEATTLE (Reuters) - Supercomputer maker Cray Inc. said on Tuesday it raised its revenue expectation for 2003 to at least $220 million as it had seen strong orders in the first quarter. "Based upon our current order flow and the development milestones we've achieved with our Cray X1 supercomputer system, we are raising current revenue guidance for 2003 to at least $220 million," said Jim Rottsolk, chairman and chief executive. It's previous view was at least $200 million. The company said that based on its increased revenue outlook, it expected profitability to be at the high end of its previously announced range of five to 10 percent. Orders in the first quarter have been more than $100 million, the company said. Deliveries for the Cray X1 are proceeding on schedule and the initial delivery under its $30 million contract with Oak Ridge National Laboratory will begin this month, the company said. Cray said it expected "continued strong growth" in 2004.