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Hewlett Packard Enterprise is buying supercomputer maker Cray for $1.3 billion

By Shawn Knight · 5 replies
May 17, 2019 at 11:07 AM
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  1. Hewlett Packard Enterprise (HPE) on Friday agreed to purchase supercomputer maker Cray for $1.3 billion. HPE is paying $35 per share for the opportunity, a $5.19 premium over Cray’s closing price of $29.81 on Thursday.

    HPE President and CEO Antonio Neri said the answers to some of society’s most pressing challenges are buried in massive amounts of data. “Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more,” Neri added.

    Indeed, HPE said the acquisition will accelerate its strategy to tackle customers’ most data-intensive challenges by combining deep supercomputing talent and cutting-edge technologies. Specifically, the company believes it’ll provide them with a larger footprint in federal business and academia and create new offerings in artificial intelligence / machine learning and HPC-as-a-service through HPE GreenLake.

    Cray got its start in 1972 when Seymour Cray left Control Data Corporation to start his own company. Their first product, the Cray-1 supercomputer, was an instant success, paving the way for Cray to become a major player in the supercomputer industry over the next several decades.

    HPE said it expects the transaction to close by the first quarter of its 2020 fiscal year, pending customary regulatory approval.

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  2. amstech

    amstech IT Overlord Posts: 2,139   +1,302

    Jeesh, all they had to do was politely ask me for a DNA sample so they could copy my brain. Bam there's their super computer.
     
  3. Uncle Al

    Uncle Al TS Evangelist Posts: 5,129   +3,553

    Ahem ........ seriously? I think the Commodore 64 is long gone ....... LOL
     
    Khanonate likes this.
  4. QuantumPhysics

    QuantumPhysics TS Guru Posts: 930   +665

    HP has a long history of bad purchases.

    What's the profitability of this?
     
  5. Impudicus

    Impudicus TS Addict Posts: 108   +59

    The removal of a possible future competitor. Buy them before they're worth anything.
     
  6. QuantumPhysics

    QuantumPhysics TS Guru Posts: 930   +665

    I can see Apple doing that. But HP? Seems like a dumb move.
     

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