TECHNOLOGY - Feb. 15, 1993

New Supercomputer Venture: Steve Chen and former employees of his failed Supercomputers Systems Inc. announced a new supercomputer venture just one day after abandoning efforts to keep his company alive. Chen said the new company will seek to create the world’s fastest computer. “In our attempt to save SSI, we found a number of potential investors who were interested in our team and our shared vision,” Chen said. The new company, SuperComputers International of Eau Claire., Wisc., will receive no funding from International Business Machines Corp., which canceled its financial backing of SSI in January. Chen, 48, who resigned Friday as SSI’s president and chief operating officer, had been unable to find the $60 million necessary to keep SSI in business. The company laid off 300 workers Jan. 25.