Computer designer Seymour Cray founds Cray Research in 1972. After several years of development, Cray Research's first product, the Cray-1 Supercomputer, is released in 1976. Faced with several costly development projects, the company runs out of money and files for bankruptcy in 1995. Cray dies of injuries suffered in a car accident on October 5, 1996 at age 71.
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