New & improved Swamp

[Paule]

TheSUBWAY.com Announces Investment Opinion on RNET Health Inc., PSINetInc., Real Networks Inc., Arch Wireless Inc. and Cray Inc.
Cray Inc. (Nasdaq:CRAY)

Previous Close: down 8 percent, to $2.469, on volume of 1,300,400

Shares: HOLD


Global supercomputer leader Cray, Inc., (Nasdaq:CRAY) reported financial results for the company's fourth quarter and year-end 2000. For the fourth quarter ended December 31, 2000, Cray Inc. reported revenues of $33.4 million, compared to revenues of $343,000 for the fourth quarter of 1999. For the year ending December 31, 2000, the company reported revenues of $118.1 million, compared to revenues of $1.8 million for the prior year. The company reported a net loss of $25.4 million, or ($0.78) per share for the year ended December 31, 2000, compared to a loss of $34.6, or ($1.74) per share in the prior year.

'Cray has now laid the foundation for industry leadership and strong growth,' said Jim Rottsolk, company president and CEO. 'We have recently taken dramatic steps to increase our revenue opportunities with the broadest range of product offerings in the industry. We expect that eventually each of these products will add up to $100 million of annual revenues to the company.'

Cray Inc. designs, builds and sells high-performance MPP, vector processor and general-purpose parallel computer systems. The company has leading edge technology, multiple product platforms, nearly 900 employees, a $2 billion installed base of approximately 600 computers worldwide, major manufacturing and service capabilities and extensive global customer relationships.

"Federal Reserve Chairman Alan Greenspan has purposely failed to give market participants any guidance on the central bank's interest rate assessment, leaving Wall Street to ponder the ambiguity. Predictions are falling all over the map, with some economists estimating a 25 basis-point cut, while others are calling for a reduction of as much as 75 basis points," stated Peter Antipatis. More is available at www.TheSUBWAY.com.