Elaborating on the reasons for cancellation of its MP parallel processor project (CI No 759), Cray Research Inc says that the project would have cost at least twice the $50m budgeted and would have taken far longer to bring to market than the targeted early 1990s: Cray will have to lay off more than half the 180 staff on the project, and take an insignificant write-off with its third quarter figures, all of which saw a $15.25 two-day slump in the Cray share price to $97.75.
