Buying back debt is a good thing. Company must be doing well. They had some rocky years for a while, but their costs are now under control, their market focus sharp, and they make their own stuff. John at InsideHPC has the scoop.
They are obviously exploring new market directions (their CX unit announced last month), and this is a good thing.
Hopefully they will get some bumper stickers out soon with “my other computer is a Cray” for SC08. Good job guys!