APPLICATIONS

Cray Inc. today announced that the Board of Directors has elected Stephen C. Richards as a member of the Board. He will serve on the Board's Audit Committee. Richards is Chief Operating Officer and Chief Financial Officer of McAfee, Inc. (NYSE:MFE), the leading provider of intrusion prevention and risk management solutions. He served as Chief Online Trading Officer of E*TRADE Group, Inc., a position he held from March 1999 to June 2000. From 1998 to February 1999, he served as Senior Vice President, Corporate Development and New Ventures at E*TRADE, following two years as E*TRADE's Senior Vice President of Finance, Chief Financial Officer and Treasurer. Prior to joining E*TRADE in April 1996, he was Managing Director and Chief Financial Officer of Correspondent Clearing at Bear Stearns & Companies, Inc., Vice President/Deputy Controller of Becker Paribas and First Vice President/Controller of Jefferies and Company, Inc. Richards is a Certified Public Accountant. Richards is a member of the Board of Directors of Tradestation Group Inc. and a member of the Board of Governors of the Pacific Stock Exchange. Richards received a B.A. from the University of California at Davis and an M.B.A. in Finance from the University of California at Los Angeles. "Cray is an industry leader, and I am very pleased to join the Cray Board," said Richards. "I look forward to working with the Cray Board and management at this exciting time as Cray continues its industry leadership and expands its market share by bringing new products to market." "Steve brings a strong capital markets and finance background to our Board," said James Rottsolk, Cray Chairman and Chief Executive Officer. "Steve is another excellent addition to our Board, and we look forward to working with him as we grow our company.