Colorado Springs, Colorado-based Cray Computer Corp has been forced to settle one of those nuisance lawsuits that help to make American lawyers the most detested people of their nationality (sorry about that, Hillary, but it’s not possible to be Politically Correct and a lawyer), and has reached a tentative $5m settlement of shareholder lawsuits stemming from the loss of what has then its only customer for the Cray-3 supercomputer – Cray says $1m will be paid by the company, the rest by its directors’ and officers’ liability insurer; no liability or fault was admitted, but Cray can ill-afford the settlement – according to the New York Times, it hopes to ship its first Cray-3 to the US National Center for Atmospheric Research at the end of next month, but is out looking for new money to continue development – it is hard at work on the Cray-4.
