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Yo_Mama_Been_Loggin

(107,112 posts)
Fri May 17, 2019, 09:14 PM May 2019

HPE is buying Seattle supercomputer company Cray for $1.3B

Hewlett-Packard Enterprise Co. is buying Seattle supercomputer designer Cray Inc. for $1.3 billion in cash, the two companies said Friday.

Shares of Cray jumped nearly 16 percent at the opening bell on the news.

“Answers to some of society’s most pressing challenges are buried in massive amounts of data,” HPE CEO Antonio Neri said in a statement. “Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more.”

Cray launched in the early 1970s and specialized in building the world’s fastest supercomputers. This year, the company inked a $600 million contract to deliver what it calls an “exascale” supercomputer to the U.S. Department of Energy by the year 2021. The Frontier supercomputer can perform quintillions of calculations per second, and will be faster than the next 160 supercomputers behind it, combined.

https://www.bizjournals.com/seattle/news/2019/05/17/hpe-is-buying-seattle-supercomputer-company-cray.html?iana=hpmvp_sea_news_headline?ana=e_sea_bn_breakingnews&mkt_tok=eyJpIjoiTVRZeE4yVm1OR05rWWpsaiIsInQiOiJJcWNNSG1oZ3k4SEdpb2dzMjkzVGhTa1wvdkN5Y0JGcHJQWVlBNWdxejhXVFlDYW82b2xudHhHWjJQOEplUGJZN1RqdXR5aWQ4cllxZ2tiV1M1RDYxU0piNFVkdHl0Uk5CckJNRmpLUVJydFlSN1wvXC84Ujc3eFJaQmIwT0ZqWCtqMyJ9

Don't know if it's a good or a bad thing but Meg Whitman is CEO of HP now.

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HPE is buying Seattle supercomputer company Cray for $1.3B (Original Post) Yo_Mama_Been_Loggin May 2019 OP
Whitman left HP in early 2018. n/t PoliticAverse May 2019 #1
This could be interesting RainCaster May 2019 #2
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