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Friday, Oct 11
Cray dives in sympathy with SGI
- Cray (CRAY -9.9%) is down nearly as much as Silicon Graphics after the latter company issued a Sep. quarter warning while blaming the government shutdown and longer sales cycles for the supercomputer/HPC, big data/analytics, and high-performance storage markets it's pushing into.
- Cray's product line targets the same markets, and the company is even more dependent on federal government orders than SGI. However, the company has been growing its exposure to foreign government entities.