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JAPAN'S NEC TO SUPPLY US CO CRAY WITH SUPERCOMPUTERS ON OEM BASIS.
TOKYO, Mar 1 Asia Pulse - NEC Corp. (TSE: 6701) has reached an agreement with its archrival Cray Inc. to supply supercomputers to the U.S. firm on an OEM basis, the company announced Wednesday.
The agreement also includes a marketing alliance and the purchase of US$25 million in preferred shares without voting rights from Cray, or about 7 per cent of the U.S. firm.
Cray filed a dumping complaint against NEC supercomputers with the U.S. Department of Commerce in July 1996, resulting in a ...
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