Cray Completes Sale of Interconnect Hardware Assets to Intel
On May 2, 2012, global supercomputer leader Cray Inc. (NASDAQ: CRAY) announced it had completed the previously announced transaction to sell its interconnect hardware development program and related intellectual property to Intel Corporation (NASDAQ: INTC) for $140 million in cash. The agreement was originally announced on April 24, 2012.
The 451 Group has granted permission to The Exascale Report to reprint and distribute its take on this deal as prepared by analysts John Abbott and John Barr on April 25, 2012.
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