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December 5, 1991

CRAY GETS COURT NOD TO BUY FLOATING POINT ASSETS

By CBR Staff Writer

Cray Research Inc, whose on-and-off flirtation with bankrupt Floating Point Systems Inc is very much on again, says that the bankruptcy court has approved its proposal to pay $3.2m for the assets of the Beaverton, Oregon company, and the acquisition can be completed at the end of next week. Cray has offered jobs to 187 of the former staff.

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