to work under these conditions and left the company. Cray Research The split was fairly amicable, and when he started Cray Research in a new laboratory on the same Chippewa property a year later, Norris invested $250,000 in start-up money. Like CDC's organization, Cray R&D was based in Chippewa Falls and business headquarters were in Minneapolis. Unlike CDC, Cray's manufacturing was also in Chippewa Falls. At first there was some question as to what exactly the new company should do. It did not seem that there would be any way for them to afford to develop a new computer, given that the now-large CDC had been unable to support more than one. When the President in charge of financing traveled to Wall Street to look for seed money, he was surprised to find that Cray's reputation was very well known. Far from struggling for some role to play in the market, the financial world was more than willing to provide Cray with all the money they would need to develop a new machine. After several years of development, their first product was released in 1976 as the Cray-1. As with earlier Cray designs, the Cray-1 made sure that the entire computer was fast, as opposed to just the processor. When it was released it easily beat almost every machine in terms of speed, including the STAR-100 that had beaten the 8600 for funding. The only machine able to perform on the same sort of level was the ILLIAC IV, a specialized one-off machine that rarely operated near its maximum performance, except on very specific tasks. In general, the Cray-1 beat anything on the market by a wide margin. Serial number 001 was "lent" to Los Alamos National Laboratory in 1976, and that summer the first full system was sold to the National Center for Atmospheric Research (NCAR) for $8.8 million. The company's early estimates had suggested that they might sell a dozen such machines, based on sales of similar machines from the CDC era, so the price was set accordingly. Eventually, well over 80 Cray-1s were sold, the company was a huge success financially, and Cray's innovations with super computers won him the nickname "The Wizard of Chippewa Falls". Follow-up success was not as easy. While he worked on the Cray-2, other teams delivered the two-processor Cray X-MP, which was another huge success and later the four-processor X-MP. When the