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posted by cmn32480 on Friday August 05 2016, @11:47AM   Printer-friendly
from the boil-the-crustacean-next-time dept.

Arthur T Knackerbracket has found the following story:

Cray has revealed that its products' Q2 profits have literally gone up in smoke.

The company this week announced second quarter revenue of US$100.2m, down from $186.2m in 2015's corresponding quarter. That dip meant the company incurred a loss of $13.1m compared to last year's $5.8m profit.

Things aren't going to be much easier in Q3, due to “a very recent electrical smoke event caused by a failed manufacturing facility power component that will delay the Company's ability to deliver on some customer contracts in 2016, including an impact on anticipated third quarter revenue.”

On the company's earnings call CEO Peter Ungaro said the smoke “damaged five relatively smaller customer systems that were being tested and prep[ped] for shipping, and for which we expected to achieve acceptances before the end of the year including some in the third quarter.”

“Some of these systems were key pieces of larger customer solutions,” he added. “And as a result, their impact to our overall revenue outlook was more significant than just the value of the revenue type to those systems themselves. This event just happened and we're still evaluating the full extent of the impact, as well as our recovery plan. But I want to note that the majority of the loss is expected to be covered by insurance."


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  • (Score: 3, Funny) by Runaway1956 on Friday August 05 2016, @01:37PM

    by Runaway1956 (2926) Subscriber Badge on Friday August 05 2016, @01:37PM (#384476) Journal

    Magicians are qualified to handle Magic Smoke. Technicians are not. Put your magic smoke in a plant, where technicians can diddle with stuff, and the smoke escapes. What else can you expect? Real engineers know not to tamper with stuff outside their realm. They respect the magicians, the magicians respect them, and everyone is cool. Techs? They tamper with everything.

    https://www.sparkfun.com/products/retired/10622 [sparkfun.com]

    http://www3.telus.net/bc_triumph_registry/smoke.htm [telus.net]

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  • (Score: 2) by Kromagv0 on Friday August 05 2016, @04:21PM

    by Kromagv0 (1825) on Friday August 05 2016, @04:21PM (#384518) Homepage

    Been a while since I saw the Lucas Smoke. Personally I like this diagram [mez.co.uk] better. And for those who don't find jokes about the Prince of Dark funny you can always poke fun at other aspects of British motoring [www.brit.ca].

    --
    T-Shirts and bumper stickers [zazzle.com] to offend someone
  • (Score: 2) by martyb on Friday August 05 2016, @05:39PM

    by martyb (76) Subscriber Badge on Friday August 05 2016, @05:39PM (#384566) Journal

    Thanks for that! Reminded me of this classic [catb.org]:

    ACHTUNG! ALLES LOOKENSPEEPERS!

    Alles touristen und non-technischen looken peepers!
    Das computermachine ist nicht fuer gefingerpoken und mittengrabben.
    Ist easy schnappen der springenwerk, blowenfusen und poppencorken
    mit spitzensparken. Ist nicht fuer gewerken bei das dumpkopfen.
    Das rubbernecken sichtseeren keepen das cotten-pickenen hans in das
    pockets muss; relaxen und watchen das blinkenlichten.

    --
    Wit is intellect, dancing.
    • (Score: 2) by Bot on Saturday August 06 2016, @10:54PM

      by Bot (3902) on Saturday August 06 2016, @10:54PM (#384846) Journal

      Why are you making fun of my grandpa?

      --
      Account abandoned.