AMD quad core delay caused Cray warning

A CRAY REP told the Dow Jones newswire that the reason for the delay of its supercomputer is because of a postponement of a quad core processor made by AMD.

He told the wire that the postponement was probably a brief postponement.

But it does mean that while AMD may deliver the quad chips in the fourth quarter of this year, Cray won't draw any revenues until the first quarter of next year.

Cray's share price fell sharply yesterday but recovered slightly today to stand at $7.32. AMD's share price is $14.02 and has shown a steady decline over the last 10 days. µ

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