Media: Steve Conway, 612/683-7133 Financial: Brad Allen, 612/683-7395 J. PHILLIP SAMPER NAMED CHAIRMAN AND CEO OF CRAY RESEARCH EAGAN, Minn., May 17, 1995 -- Cray Research, Inc. (NYSE: CYR) today announced that J. Phillip Samper, former vice chairman of Eastman Kodak and president of Sun Microsystems Computer Corporation, has been named chairman and chief executive officer. Samper, 60, was appointed yesterday by the executive committee of Cray Research's board of directors to succeed John F. Carlson, who retired as chairman this month, according to Robert G. Potter, a Cray Research board member and chairman of the executive committee. A Sun Microsystems board member since 1991, Samper was named president of Sun Microsystems Computer Corporation and corporate executive officer of Sun Microsystems, Inc., in February 1994. Prior to that, he served as president and CEO of Kinder-Care Learning Centers, Inc. In a career spanning 28 years with Eastman Kodak (1961-1989), he held a variety of management positions including vice chairman, as well as executive officer and general manager of the company's Photographic and Information Management Division. He also managed Kodak's worldwide operations. Samper serves on the boards of Armstrong World Industries, Inc., Lancaster, Pa.; Interpublic Group of Companies, New York; Sylvan Learning Systems, Inc., Columbia, Md.; and on the advisory board of the University of California Business School. An MIT Sloan Fellow (1972-73), he is married to the former Gail Harrison and has two children. "I am excited to assume this leadership role in a company of Cray's stature," Samper said. "The Cray Research name is synonymous with technology leadership and strong customer relationships based on delivering unique value. My primary focus will be on profitability and growth as Cray Research increasingly expands into new technical and commercial markets." "Phil Samper is the ideal person to lead Cray Research at this important point in the company's history," Potter said. "His strong record of business leadership in the computer industry and other industrial technology sectors will help maintain Cray's supremacy in the high-end supercomputing market and drive the company's growing success in new markets. Phil will advance Cray's business strategy and build shareholder value, working closely with Cray president and COO Bob Ewald and other members of the management team." Potter said the Board thanked Ewald for his success in the last six months in moving the company forward in the absence of a CEO. In fiscal year 1994, Cray Research had net earnings of $55.7 million on record revenues of $921.6 million. Cray Research holds a two-thirds global share of the high-end supercomputing market for systems priced at $1 million and up. In 1994, Cray Research's first full year in the market for massively parallel processing (MPP) systems, the CRAY T3D product became the revenue-leader in that market. Orders for the company's new CRAY J90 supercomputer systems are expected to substantially boost Cray's marketshare in the growing sector for sub-$1 million products in 1995. The company has also been successful in penetrating the growing commercial database server market with its CRAY SUPERSERVER 6400 (CS6400) system. Cray Research provides the leading high-performance computing tools and services to help solve customers' most challenging problems. ###