Redwood City, CA--April 24, 1996--N.E.T. reported revenue of $91.8 million for the fourth quarter ended March 31, 1996, a 12 percent increase from $81.8 million reported in the comparable period last year. Net income for the quarter was $9.3 million, or $0.43 per share on a fully diluted basis, compared to $7.6 million, or $0.38 per share (excluding a one-time tax benefit of $9.9 million or $0.45 per share) for the same period a year ago. For the fiscal year ended March 31, 1996, revenue totaled $338.9 million, and increase of $54.9 million, or 19 percent above the $284.0 million reported in fiscal year 1995. Net income for the fiscal year ended March 31, 1996 was $31.4 million, or $1.50 per share on a fully diluted basis, compared to $17.2 million or $0.87 per share (excluding the tax benefit of $9.9 million) for the prior year. Return to Headlines
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.