Cray Inc.

…and founded his own firm, Cray Research Inc., with the intention of building the fastest computers in the world. This was largely realized through his innovative design of uniprocessor computers, which allowed simultaneous (parallel) processing. His company’s first supercomputer, the Cray-1, which came out in 1976, could perform 240 million…

…paid $767 million to acquire Cray Research, Inc., a Minneapolis-based supercomputer maker. As the owner of Cray, SGI found itself operating in a rapidly declining market as defense contractors and petrochemical companies, two of Cray’s major customers, slashed their research and development budgets. The media and entertainment industries, which claimed…