Cray (CRAY) cuts its guidance after a delay on a major product due to supply issues creates a...

|About: Cray Inc (CRAY)|By:, SA News Editor

Cray (CRAY) cuts its guidance after a delay on a major product due to supply issues creates a ripple effect. The supercomputer maker says it now sees revenue for 2011 of $230M-$240M, down from prior guidance of $290M-$320M. For 2012, the firm expects the completion of the delayed Oak Ridge project to help push revenue to a range of $400M-$420M.