View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 26, 1988

PRIME DUMPS ON CYDROME, EXITS MINISUPER BUSINESS

By CBR Staff Writer

Several small and innovative companies in the minisupercomputer field have fallen by the wayside, but the shakeout in the market has now hit the first major: Prime Computer Inc has decided to get out of what it sees as an over-competitive market and take a $5m bath on its venture, which involved marketing machines built by privately-held Cydrome Inc of Milpitas, California. The Natick, Massachusetts minimaker holds over 12% of Cydrome, and says that it is writing down its investment in the company. Prime warns that the write-down will bring net per share for the second quarter down to between 13 and 17 cents a share, compared with 32 cents this time last year. Cydrome launched its Cydra 5 minisupercomputer in January, characterising it as the first Directed Dataflow symmetrical multiprocessor, running the Cydrix 5.3 symmetrical multiprocessing version of Unix V.3, and Prime launched the machine as the MXCL 5 (CI No 853).

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU