San Jose--Aug. 20, 1997--VLSI Technology Inc. (San Jose) announced the appointment of Douglas M. McBurnie to the newly created position of senior vice president, Computer and Consumer Products Group.
McBurnie will report to VLSI's president and COO, Rich Beyer. McBurnie, 54, will be responsible for VLSI's businesses in advanced computing, consumer digital entertainment, and local area networking (LAN).
McBurnie brings to VLSI more than 20 years of high-tech experience. He joins VLSI from National Semiconductor, where he was senior vice president and general manager of their Communications and Consumer Group. Previously, he was vice president and general manager of National's local area network Division. Prior to joining National, McBurnie held key executive positions at a number of Silicon Valley companies, including Xidex Corp., Precision Monolithics, and Fairchild Semiconductor.
Reporting to McBurnie will be VLSI's Internet and Secure Products Division, Enterprise Computing Division, and Consumer Digital Entertainment Division. The LAN group, currently within Communications Products Group, also will move under McBurnie.
San Jose, CA
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Alameda, Calif.--Aug. 20, 1997--Wind River Systems Inc. (Alameda, Calif.) reported operating results for the second quarter ended July 31, 1997.
Revenues for the second quarter were $22 million, an increase of 47 percent from the $15 million reported in the second quarter of the previous year. Net income for the quarter was $3.87 million compared to net income of $2.09 million for the corresponding quarter of the previous year, an increase of 85 percent. Earnings per share grew from $0.08 in the second quarter of last year to $0.14 this year, an increase of 75 percent. Weighted average shares outstanding, used in the computation of earnings per share for the current quarter and the corresponding quarter of the previous year, were 28,373,000 and 24,728,000, respectively.
Total revenues for the first half of fiscal 1998 of $40.4 million represents a 46 percent increase from revenues of $27.6 million in the first half of fiscal 1997. Net income for the first half of this fiscal year was $6.82 million compared to $3.56 million for the same period last year, an increase of 92 percent.
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