View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 15, 1997updated 05 Sep 2016 1:05pm


By CBR Staff Writer

Sequent Computer Systems Inc is so pleased with a $59m order from Boeing Co for its NUMA-Q servers that it’s also trumpeting an expected 47% rise in second quarter revenue which it will report on Thursday. And, with its stock up $1.25 at a 52-week high of $25 on Monday the company has also decided it’s about time to cash in and sell 5.25m shares – including 1.05m unnamed shareholders are offloading – worth about $131m at that price, in a public offering of stock. It’ll use the money to fund growth. The deal with Boeing is a significant boost for Sequent’s NUMA interconnect technology and could be worth up to $105m through March 1998. Disk farms are being supplied by EMC Corp, tape libraries by Storage Technology Corp. Boeing is using the system – a 20-node configuration due to be installed at the US aircraft manufacturer by the end of this year will be upgraded to 35 four- node systems by the end of next year – to improve manufacturing. It’s reportedly converting 16 different data sources into an Oracle database. Sequent, which seems to be scoring a big hit with its NUMA-Q servers, even if they are more expensive that rival NUMA offerings from the likes of Data General Corp, says its second quarter earnings will be in the region of $7.5m to $8.5m – or up around $157% over the $3.3m it did in the same period last year – on revenue of between $205m and $210m, up around 47% on $142.6m. $36m of the Boeing order will be included in the second quarter numbers. Around 70% of the quarter’s revenue has come from NUMA-Q sales. Earnings per share will be between $0.20 and $0.23.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address 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.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.