TECHNOLOGY - March 19, 1992
From Times Staff and Wire Reports
Hewlett-Packard Buys Piece of Convex: Hewlett-Packard said it will pay $18 million for a 5% stake in Convex Computer Corp., a Richardson, Tex.-based manufacturer of high-performance computers. In addition, Convex has agreed to use H-P’s reduced instruction set computing (RISC) chips in future supercomputers based on so-called massively parallel processing. The deal bolsters H-P’s efforts to gain broad industry support for its RISC design. Convex will continue to build supercomputers and mini-supercomputers using its own design, but within two years will also introduce massively parallel machines based on the H-P RISC chips.
