Cray chases clusters with Appro acquisition

Cray agrees to acquire Appro for $25 million and plans a Cluster Solutions division to make high-end industry-standard servers

By , IDG News Service |  

Cray on Friday also reported a net loss and revenue drop for the third quarter ending on Sept. 30. The company's revenue was $35.7 million, falling from $36.7 million recorded in last year's third quarter. The net loss was $5.2 million, or $0.14 loss per share, compared to a $0.35 loss per share in last year's third quarter.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com

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