Nov. 1, 2013, 4:16 PM
- Cray (CRAY +0.2%) has reached a deal to acquire IP developed by Gnodal Limited, a U.K.-based maker of Ethernet switches that recently went into administration. Cray is also hiring the "vast majority" of Gnodal's workers, a move the company says more than doubles the size of its European R&D team. (PR)
- Gnodal's high-density, low-latency switches were aimed at many of the same high-performance computing applications and projects targeted by Cray's supercomputers and high-performance storage hardware. Cray notes it has scored several European supercomputer wins over the last 12 months.
- News of the deal comes a day after Cray shares fell in tandem with peer SGI, which announced in its Sep. quarter report it was suspending guidance due to a lack of U.S. federal visibility. Cray's Q3 report arrives on Nov. 11.
Nov. 9, 2012, 10:05 AM
Cray (CRAY +10.8%) is rallying after delivering a Q3 beat and providing implied Q4 revenue guidance of $218M, above a $211.9M consensus. Q3 gross margin was 48%, up 700 bps Q/Q and 400 bps Y/Y. Cray shares have had a pretty good year. Separately, Cray has announced it's acquiring fellow supercomputer maker Appro for $25M in cash. Appro specializes in cluster systems, an increasingly popular architecture that involves using hundreds or thousands of distributed nodes. (PR)| Nov. 9, 2012, 10:05 AM
Apr. 24, 2012, 5:29 PM
Intel (INTC) has acquired assets related to Cray's (CRAY) high-performance computer (HPC) interconnect program, including IP and personnel. Intel will integrate the technology with its Xeon server CPU platforms, such as Romley. The move comes 3 months after Intel bought QLogic's InfiniBand hardware business - those products are often used in HPC applications. CRAY +23.4% AH. (PR)| Apr. 24, 2012, 5:29 PM | 2 Comments