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  • dvd1007 dvd1007 Nov 25, 1997 10:30 AM Flag

    Re: Who cares? Most Americans say I DO

    To monitor intraday I use wsrn.com. (it's free.) . I can watch price and vol. in 5 or 15 min intervals. However, it hans;t been comming up this a.m. Any other adresses sugested? Any One?

    it just came on. but additional help would be appreciated. thanx.

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    • Tera Computer Company Signs Ten-Year
      Building Lease; New Location Will Allow
      Company to Expand 06:47 p.m Nov 25, 1997 Eastern

      SEATTLE--(BUSINESS WIRE)--Nov. 25,
      1997--On the eve of its tenth anniversary, Tera
      Computer Company (NASDAQ:TERA) has signed
      a ten-year lease on the Merrill Place building near First
      and Jackson Streets in Seattle's historic Pioneer
      Square. Tera will occupy its new headquarters in November 1998.

      Under terms of the agreement, the company will
      initially occupy 85,000 square feet of space and in
      three years will occupy 131,000 square feet. Tera
      currently employs about 85 people; the new facility
      has room to house about 500 employees.
      "This new building provides us with the necessary
      space to expand all aspects of our business over the
      next decade," said Jim Rottsolk, Tera's president and
      chief executive officer. "Tera is transitioning from a
      development stage company to a global seller of
      parallel general-purpose scalable supercomputers.
      Merrill Place will let us grow our manufacturing,
      engineering, marketing and administrative departments
      under one roof," Mr. Rottsolk said.

      "We are excited to be entering our second decade of
      business and are proud to be part of the revitalization
      taking place in Pioneer Square. We look forward to
      operating our business in one of Seattle's most exciting
      locations."



      Copyright 1997, Business Wire

      • 1 Reply to Isip1
      • Saw the release late last night. It doesn't surprise me that there moovin'. We all knew they would meed more space. The timelenessof such a lease, right on the heels of previous news(friday night), seems quite appropriate. I don't know if this will do any thing for the price of the stock today. But we know management is now commited to future needs as they enter the next stage for production.
        Release also reiterates companies time table for delivery to San Diego as "by the end of the year." This to me is the best news in the report. we'll see what happens today. Historically the bussiest day of the year for wall street?

 
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