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November 28, 1988

STEVE CHEN TOUTS FOR FUNDS

By CBR Staff Writer

Steve Chen’s Supercomputer Systems Inc, which said at its foundation a year ago that it wanted to win potential customers for its machines to help finance the development of the planned SS-1 scientific supercomputer, is now actively seeking five or six companies in areas such as oil, aerospace, cars, drugs and ultilities to invest in the firm. Companies that decide to take the plunge will become Limited Partners in a research partnership formed – and presently equally owned – by Supercomputer Systems and IBM when IBM decided to back the Eau Claire, Wisconsin company last January. The aim is to convert the partners into equity investors when building of the SS-1 begins; each is expected to get under 5% of the equity.

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