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Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (5315)	11/10/1998 9:10:00 AM
From: doug5y	Read Replies (2) \| Respond to of 14451

Science Headlines Tuesday November 10 8:45 AM ET Silicon Graphics Claims Supercomputer Breakthrough NEW YORK (Reuters) - Silicon Graphics Inc. (NYSE:SGI - news) is set to unveil Tuesday a supercomputer that it will boast offers the fastest performance in the world, both in raw calculating and graphic processing power, a spokeswoman said. Silicon Graphics, a maker of high-performance computer workstations and Cray supercomputers, plans to hold a conference call Tuesday afternoon to discuss what it described in a news advisory as a ''new supercomputer breakthrough.'' Participating on the conference call will be Silicon Graphics' Chairman and Chief Executive Richard Belluzzo and Ernest Moniz, an undersecretary in the U.S. Department of Energy. The call is set to begin at 2:00 p.m. EST. The U.S. Department of Energy is a major buyer of supercomputers, the world's most powerful computers measured in terms of raw capacity to attack single, infinitely complex problems. The company declined to provide further details ahead of the announcement. Boasting rights to the ''world's fastest'' title has long served as the main marketing battleground among supercomputer makers, who use such performance advantages to elbow for new contracts among the small coterie of government, academic research and commercial customers who buy such machines. The race for technical superiority has heated up in recent months as International Business Machines Corp. (NYSE:IBM - news), NEC Corp. (Nasdaq:NIPNY - news) and now Silicon Graphics have each laid claim to the title. In June, Japan's NEC has said its SX-5 series were the world's fastest supercomputers available for production use, with speeds of up to four teraflops, or trillion calculations per second. Earlier in the year, IBM won an $85 million contract from the U.S. Department of Energy and Lawrence National Laboratory in Livermore, Calif., for a supercomputer that will be capable of 10 trillion calculations a second when it is ready in 2000. Silicon Graphics' announcement takes place as the annual Supercomputing '98 industry trade show is held in Orlando, Fla., this week.