I worked there as an intern back in 2000. I did chip circuit verification, and saw that they had roadmaps for their future products up to around 2006. The group I was in was designing server chips and their interconnects to make clusters of high performance super computers.

I recall that they knew Intel was making dual and quadcore chips that would kill what they were doing, but had no solution how to turn the ship around.

It's too bad. There were some solid engineers there, especially the ones that came from Cray.