The most powerful supercomputers have speeds measured in teraflops, or units of 1012 FLOPS.
A petaflop is the (as of 2002) almost unimaginable speed of 1015 FLOPS, or a million gigaflops.
FLOPS, like MIPS, are not that useful as a benchmark for modern computers because there are many other factors in computer performance other than raw floating-point computation, such as interprocessor communication[?], cache coherence, and the memory hierarchy.
FLOPS is also a homebrew club (http://www.users.nwark.com/~davej/flops) in Fayette, Arkansas
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