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November 9, 1993

MASPAR CUTS 25% TO CONCENTRATE ON NARROWER MARKETS

By CBR Staff Writer

Sunnyvale, California-based parallel processor pioneer MasPar Computer Corp is having to scale back its ambitions, and concentrate its marketing efforts on only the most promising markets. The retrenchment means that 38 people, 25% of the workforce, must lose their jobs. The areas where it reckons it has the best chance of meeting its objectives are high-performance image and signal processing, business information systems and biotechnology applications. Only customer support escapes lay-offs but while sales for 1993 will be about flat, profit is seen in 1994.

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