SpyderByte Linux Sites: EnterpriseLinux.org: HP Linux News & Info BigBlueLinux.org: IBM Linux News & Info
      
 The #1 Site for News & Information Related to Linux High Performance Technical Computing, Linux High Availability and Linux Parallel Clustering
Home About News Archives Contribute News, Articles, Press Releases Mobile Edition Contact Sponsorship Search Privacy
More Links
  • Printer friendly version
  • Share this story

  • Research and Services
    Cluster Quoter
    Cluster Builder
    Vendors - Hardware/Software
    Training
    News
    Submit News/Article/PR
    Latest News
    Newsletter
    News Archives
    Search Archives
    Reference
    Beginners
    Whitepapers
    Documentation
    Software
    Lists/Newsgroups
    Books
    User Groups
    Higher Education
    Linux HPC News Update
    Stay current on Linux related HPC news, events and information.
    LinuxHPC Newsletter

    Other Mailing Lists:
    Linux High Availability
    Beowulf Mailing List
    Gelato.org (Linux Itanium)

    Linux HPC Links
    Beowulf.org
    Beowulf Users Group
    Cluster Monkey
    High Performance Computing Clusters
    Gelato.org
    The Aggregate
    Top500
    Cluster Benchmarks
    Cluster Computing Info Centre
    ClusterWorld Magazine
    Coyote Gultch
    Linux Clustering Info Ctr.
    Robert Brown's Beowulf Page
    Sourceforge Cluster Foundry
    HPC DevChannel
    OpenSSI
    Grid-Scape.org
    HPCWire
    SuperComputingOnline
    HPC User Forum
    Golden Eggs
    HP Visual Diagram and Config Guides

    Integrity:
    rx2620 1600MHz 2P IA64
    rx2620 Cluster MSA1000 IA64
    rx2600 1500MHz 2P IA64
    rx2600 Cluster MSA1000 IA64
    ProLiant:
    DL140 3060MHz 2P IA32
    DL140 G2 3600MHz 2P EM64T
    DL145 2400MHz 2P Opteron
    DL360 G4 3400MHz 2P EM64T
    DL360 G4p 3600MHz 2P EM64T
    DL380 G4 3600MHz 2P EM64T
    DL385 2600MHz 2P Opteron
    DL560 3000MHz 4P IA32
    DL585 2600MHz 4P Opteron
    DL580 G3 3330MHz 4P EM64T
    Clusters:
    CP3000 32x DL145G2 & DL360G4p GigE EM64T
    CP4000 32x DL145 GigE Opteron
    CP4000 64x DL145 GigE Opteron
    CP4000 102x DL145 GigE Opteron
    CP4000 32x DL145 Myri Opteron
    Rocks Cluster 16-22 DL145 Opteron
    Rocks Cluster 30-46 DL145 Opteron
    Rocks Cluster 64-84 DL145 Opteron
    LC3000 GigaE 24-36 DL145 Opteron
    LC3000 Myri 16-32x DL145 Opteron
    LC3000 GigaE 16-22x DL145 Opteron
    LC2000 GigaE 16-22x DL360G3 Xeon
    Storage:
    MSA500 G2, SCSI
    MSA1500 24TB, SCSI and SATA
    Misc:
    AMD64 and EM64T systems with MSA1500


    News Feed
    LinuxHPC.org.org has an RSS/RDF feed if you wish to include it on your website.
    LinuxHPC.org
    Home
    About
    Contact
    Mobile Edition
    Sponsorship

    Linux Cluster RFQ Form
    Reach Multiple Vendors With One Linux Cluster RFQ Form. Save time and effort, let LinuxHPC.org do all the leg work for you free of charge. Request A Quote...
    Linux Cluster Builder
    Research for Building a Linux Cluster. Detailed & organized info, best practices, comparisons & reviews. ClusterBuilder...

    Vendors, Organizations, Agencies: We need your press releases, announcements and links to whitepapers, etc. Send to press(at)linuxhpc.org or submit here.

    Latest News

    Cray to Acquire OctigaBay
    Wednesday February 25 2004 @ 04:34PM EST

    CRAY TO ACQUIRE OCTIGABAY

    Positions Cray To Address Entire High Performance Computing Market

    SEATTLE, WA and VANCOUVER, BC, February 25, 2004 ?Cray Inc. (Nasdaq NM: CRAY) today announced a definitive agreement to acquire privately held OctigaBay Systems Corporation of Vancouver, British Columbia. OctigaBay is developing an innovative high performance computing (HPC) system designed to make supercomputing performance accessible to the growing community of scientific and technical computing users. This pending acquisition, coupled with Cray’s previously announced decision to commercialize the “Red Storm” system, will extend Cray’s product portfolio and multiply its addressable market by over four times.

    Cray will acquire OctigaBay in a transaction valued at approximately $115 million, based on Cray’s closing price yesterday of $7.84. Cray will exchange about 12.7 million shares and just under $15 million dollars for all outstanding OctigaBay shares and will assume approximately 400,000 employee options.

    The transaction has been approved by the boards of both companies and is expected to close within 60 days of this announcement, subject to customary approvals.

    “Cray’s success and leadership have been founded on delivering superior performance to solve our customers’ most challenging computing problems,” said Cray Chairman and CEO Jim Rottsolk. “OctigaBay’s product is designed with the same philosophy, yet targeted at a different market segment. The combined company will increasingly benefit from the growing realization that purpose-built HPC systems like Cray’s are more efficient and cost-effective than general business computers for the high performance computing market.”

    “OctigaBay has developed ground-breaking technologies to bring unmatched price/performance, reliability and usability to high performance computing.” said John Seminerio, president and CEO of OctigaBay. “Cray’s proven market success, worldwide sales and service organization and global customer relationships will bring these technologies to more customers, in more markets, faster.”

    Previewed in November 2003, the OctigaBay 12K high performance computer’s innovative architecture embeds both a high speed interconnect and application accelerators to remove major bottlenecks, improving performance on real-world applications. Self-monitoring, self-healing and management features give administrators a highly reliable and easy-to-use system.

    Early shipments of the OctigaBay product are expected in the second half of 2004, with general availability in early 2005. Pricing, to be announced later this year, is expected to range from under $100,000 to about $2 million. The acquisition is expected to be accretive in 2005, excluding the impact of non-cash acquisition-related charges. For 2004, the continuing cost of OctigaBay's product development efforts and product launch will be about $2 million per quarter.

    “We have been working very closely with both Cray and OctigaBay. Their solutions provide differentiated, highly innovative, and high-bandwidth architectures that fully exploit the advanced capabilities of AMD64 technology, including best-in-class 32-bit performance, simultaneous 64-bit computing and HyperTransport technology,” said Marty Seyer, vice president and general manager of AMD’s Microprocessor Business Unit. “We look forward to working with the combined company as the ‘Red Storm’ and OctigaBay 12K projects near completion, and many other compute-intensive system wins are announced.”

    According to Earl Joseph, IDC vice president of workstations and high-performance systems, "The Cray-OctigaBay merger unites a renowned industry leader that has been gaining market momentum with an innovative and intriguing new entrant in the HPC field. The combined company has the potential to extend Cray’s custom high-bandwidth designs into the departmental and divisional market segments, by providing innovative higher-performance interconnect capability without the traditional high price tag. The combination of the two companies’ product lines and the announcement in the fall of commercializing the Red Storm product allows Cray to address a market that is more than four fold its current addressable market."

    Investor Conference Call Management will host an investor conference today, February 25, 2004 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the acquisition of OctigaBay Systems Corporation. The call-in number is (888) 211-8103 (no passcode required). International callers dial (706) 643-3311. If you are unable to participate, a replay will be available beginning today at 4:00 p.m. Pacific Time for 48 hours. To access, dial (800) 642-1687, or (706) 645-9291 (International) ? reservation number 5796933. The conference call will be webcast live and will be archived for 90 days. It will be available in the Investor Relations section of the Cray website at http://www.cray.com/invest.

    About OctigaBay Systems Corporation OctigaBay Systems Corporation is pioneering an innovative new class of HPC products that delivers the performance of high-end SMP systems at a fraction of the cost. Addressing the most challenging needs of business and research institutions, OctigaBay’s products are designed to be ideal for simulation, modeling, searching, sorting, data mining and other processing intensive applications. For more information, please visit www.OctigaBay.com.

    About Cray Inc. Cray's mission is to be the premier provider of supercomputing solutions for its customers' most challenging scientific and engineering problems. Cray currently participates primarily in the HPC capability market with its Cray X1™ product. The company has announced plans to offer a second product line to the capability and enterprise segments, based on the 40-teraop “Red Storm” massively parallel processing system Cray plans to deliver to Sandia National Laboratories in the second half of 2004. The Red Storm-based line will use the Advanced Micro Devices Inc. Opteron‘ processors connected via a low-latency, high-bandwidth, three-dimensional interconnect network based on HyperTransport™ technology, coupled with Cray’s custom interconnect technology. Go to www.cray.com for more information about the company.

    Safe Harbor Statement This press release contains forward-looking statements. There are certain factors that could cause Cray's execution plans to differ materially from those anticipated by the statements above. These include the technical challenges of developing high performance computing systems, including development of the OctigaBay 12K product, government support and timing of supercomputer systems purchases, reliance on third-party suppliers, the possibility that the proposed acquisition of OctigaBay is not completed, the uncertainty that Cray and OctigaBay are unable to execute successfully their integration strategies, successful porting of application programs to new computer systems, Cray’s ability to compete with larger, more established companies and innovative competitors, Cray’s ability to keep up with rapid technological change, Cray's ability to pass acceptance tests and general economic and market conditions. For a discussion of these and other risks, see "Factors That Could Affect Future Results" in Cray's most recent Quarterly Report on Form 10-Q.

    ###

    Cray is a registered trademark, and Cray X1 is a trademark, of Cray Inc. OctigaBay is a registered trademark of OctigaBay Systems Corporation. All other trademarks are the property of their respective owners.

    < Accelerated Servers and RocketCalc added to Cluster Quote Generator | VW Group Car Maker Selects 96-Processor SGI Altix 3000 >

    Sponsors / Affiliates













    Cost/Processor Poll
    What did you pay per dual processor node - Including software, accessories and other costs? (Total Cost/Node Count) About:
    Less than $1,500
    $1,501 to $2,000
    $2,001 to $2,500
    $2,501 to $3,000
    $3,001 to $3,500
    More than $3,500

    [ results | polls ]

    Mailing Lists
    Enter your email address to subscribe

    LinuxHPC.org Newsletter (details)
    LinuxHPC Managers List (details)




    The
    Beowulf
    Users
    Group







    The American Red Cross




       


    Home About News Archives Contribute News, Articles, Press Releases Mobile Edition Contact Sponsorship Search Privacy
         Copyright © 2001-2005 LinuxHPC.org
    Linux is a trademark of Linus Torvalds
    All other trademarks are those of their owners.