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14.04.2006 - At Cray, Good News Is Hard To Savor
<p>What else could possibly go wrong at Cray? Three weeks ago, the beleaguered supercomputer company mustered about as much fanfare as it could in its arcane corner of the technology market to unveil a new product road map that promised to slice bloated engineering costs while boosting performance benchmarks for its multimillion dollar machines. The announcement was supposed to tout how Cray, beset by financial losses, key departures, a $1.50 stock price, and a pileup of acquired platforms, was going to work its way out of the red. </p>
<p>That still may happen. And the company is a contender for as much as $1.25 billion in Defense Department funding expected to be doled out in July. But Cray is in hot water again, this time with the Nasdaq Stock Market. The latest turn of events has taken the bloom off Cray's rose, and erased the bounce in its stock price after the road map release.
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