Massively parallel business systems builder Kendall Square Research Corp, Waltham, Massachusetts has given up the unequal struggle and has abandoned manufacture and marketing of its KSR/Series machines and intends to reduce its work force to about 50 employees from about 180. Kendall Square said the action was authorised by the board after reviewing the prospects for the KSR business in light of the failure to receive expected orders and the inability of the company to raise additional capital to finance this business. The company will continue to service and support computers installed with its customers and will try to license its Allcache to third-party computer and networking manufacturers: with the Allcache system all memory is shared by all processors. Kendall Square warns that it may be required to seek protection under US bankruptcy laws if it can’t find new cash – most of its recent $28m in new equity financing only covered loans to the company from investors and had been used already to finance continuing operations, and so only $3.4m of the $28m was unencumbered.
