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February 4, 1999

TERA HOPES TO SIGN MAJOR SUPERCOMPUTER ORDERS

By CBR Staff Writer

Tera Computer Inc, the Seattle, Washington maker of multithreaded architecture MTA supercomputers says it is hoping to sign two major orders in the current quarter with two more in the second three months of the current financial year. So far the only sale made by the company has been with the San Diego Supercomputer center, but it says that research institutions in Europe are its next target as it guns for a market dominated by the Silicon Graphics Origin 2000 machine. A four processor Tera system sells for $3.7m, while a 16-processor model is priced at around $12m. Tera also announced a $19.8m loss for its last financial year on revenues of just $1.9m. Its $16.4m R&D budget is a huge burden for a company its size and it says that negotiations on a new round of funding are likely to be completed soon as the $3.1m cash Tera was left with at the end of its last financial year is likely to be soon exhausted. By next year, Tera also hopes to complete a CMOS implementation of its processor which it believes will be highly attractive to makers of high-end workstations.

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