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May 8, 1988

FLOATING POINT-CELERITY ACQUISITION DEFINITIVE

By CBR Staff Writer

Floating Point Systems Inc, Beaverton, Oregon now has a definitive pact for its proposed acquisition of the assets of multiprocessor Unix systems builder Celerity Computing Inc, San Diego for about $3m in cash and shares (CI No 910). Celerity’s key asset is a new 64-bit CPU development – but it ran out of cash before it could launch.

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