Financial Update: United Devices Secures $13 Million. Catalyst Announces Financial Results. Simtek Acquires MarcoTech.

August 25, 2000



Austin, TEXAS — United Devices, Inc., an Internet distributed computing technology provider, announced that it has secured $13 million in funding from SOFTBANK Venture Capital, Oak Investment Partners, and other strategic investors. United Devices will use the funding to launch the first applications built on the company’s Internet distributed computing infrastructure. “United Devices, with its world-class team of engineers led by Dr. David Anderson, is the clear leader in pioneering the Internet distributed computing model,” said Bill Burnham, principal managing director for SOFTBANK Venture Capital and United Devices board member. “A large number of existing infrastructure services can be delivered much more efficiently by aggregating and coordinating the vast computation, storage and bandwidth resources now connected to the Internet.

“United Devices is building an infrastructure that promises to deliver many essential Internet services at a fraction of their current cost. They will deliver new applications that never existed before, because in the past organizations were never able to harness millions of interconnected machines at once,” said Basil Horangic, Principal at Oak Investment Partners. “The speed, efficiency, and massive scalability with which United Devices can deliver results to the Bioinformatics, Web Testing and Monitoring, and Content Search and Management markets represent a fundamental change for these businesses.” United Devices plans to aggregate unused resources from the Internet via a number of innovative channels. Computers that participate in the United Devices network download a highly secure software agent that permits idle resources to be put to work without any user disruption. These aggregated resources will power applications in a wide range of markets, including non- profit projects that stand to revolutionize our ability to cure disease and preserve our environment. “Our mission is to provide the infrastructure necessary to turn the Internet into a distributed computing resource. This resource will be used by businesses and research organizations to realize their objectives more quickly at a fraction of the cost,” said Ed Hubbard, CEO of United Devices. “The funding from SOFTBANK Venture Capital and Oak Investment Partners, two world class venture firms, enables us to accelerate our development efforts, cement our leadership position, and realize our vision of a future in which the fabric of the Internet becomes an irreplaceable computing resource to the world.”


New York, N.Y. — Catalyst Semiconductor, Inc. announced its financial results for the first fiscal quarter ended July 31, 2000. Revenues for the first quarter were $25.4 million, up 176% from revenues of $9.2 million in the first quarter a year ago. Net income for the first quarter was $8.2 million or $0.40 per diluted share, as compared to a net income of $0.9 million, or $0.05 per diluted share in the first quarter a year ago. Compared to the previous quarter, revenue was up 49% and income was up 67%. During the quarter, cash increased by $9.5 million. Debt remained at $2.0 million, the minimum amount allowed by the Company’s bank agreement.

“First quarter results reflect progress in ramping up additional foundry capacity at Oki and Xfab”, said Radu Vanco, President and Chief Executive Officer. “We continue to regard expanding foundry capacity as our primary objective, since demand has been stronger than our production capacity. In addition, as we complete the process of transferring our products to the more advanced technology currently operational at both Oki and Xfab, we’ll be able to generate incremental revenue from each wafer. The growth of Internet related infrastructures and applications, of telecommunications in general and the emergence of a larger variety of consumer products, including hand-held devices, provides numerous opportunities for Company’s products”, continued Vanco. “We are also present in industrial, automotive and home electronics market segments. This represents an opportunity for the Company to diversify its application base and become less dependent on the performance of any single market segment, such as personal computers or cellular telephones. Since we still have a relatively small market share in our core business, investing in expanding our sales organization is a high priority. During the first quarter we have opened two new sales offices – one in Seoul, South Korea and another in Singapore, both areas in which we see substantial opportunities”, concluded Vanco.


Colorado Springs, COLO. — Simtek Corporation, provider of high performance nonvolatile memory and logic integrated circuits, has acquired San Jose based MacroTech Semiconductor, Inc. (MTS). The acquisition, effective July 31, along with the May purchase of Integrated Logic Systems (ILSI) expands Simtek’s potential to further penetrate the $3 billion programmable logic device (PLD/FPGA/CPLD) market. ILSI, a provider of low-cost custom replacements for PLDs supplied by companies such as Xilinx, Altera, Actel and QuickLogic, supports a family of products capable of up to 40,000 logic gates and 40,000 bits of memory. MacroTech also provides replacements for PLDs and allows Simtek to address a much wider range of PLD product families, currently offering technology that can efficiently provide replacements for programmable parts of up to one million gates and correspondingly large memories. MTS products are currently manufactured at Chartered Semiconductor on their 0.35 micron process and will easily scale to 0.25 and 0.18 micron technologies, significantly enhancing Simtek’s PLD replacement service capabilities.

“MacroTech has developed unique chip capabilities, using a scalable architecture that supports cost-optimized products for a wide range of chip sizes and functional options. These features, together with very fast development times, give us competitive advantages that dovetail perfectly with Simtek’s Integrated Logic capabilities,” stated Jaskarn Johal, MacroTech’s president. “Simtek is putting together all of the elements required to be a major participant in the logic market and we’re excited to be a part of it.” “Simtek is currently in a very strong growth pattern,” says Douglas Mitchell, Simtek’s president and CEO. “The acquisitions of both MacroTech and ILSI provide a timely opportunity to leverage our sales, marketing and operations infrastructure. Even prior to closing the acquisition, Simtek began supporting MacroTech’s sales activities, using our infrastructure to build customer confidence. Within a couple of months we received a new customer order initially worth $900,000, with potentially several times this value over the next year and a half. We are now bidding for other contracts of similar size. These are the kinds of high value opportunities our combined capabilities are opening up for Simtek, and will help to fuel our growth going forward.”


Provo, UTAH — Novell, the third-worst performer in the Standard & Poor’s 500 stock index, said fiscal third-quarter net income fell 83 percent as the software maker continued to lose business to competitors. Net income for the quarter ended July 31 was $8.6 million, or 3 cents a share, down from $49.3 million, or 14 cents a share a year earlier, exceeding estimates of 2 cents a share, the average from six analysts polled by First Call/Thomson Financial. Revenue dropped 17 percent to $270 million, from $327 million a year ago.

The Provo, Utah-based software maker is trying to recover from three quarters of lackluster sales in the face of increased competition from Microsoft, which earlier this year unveiled Windows 2000, its new computer operating system for businesses. “Although we met our total revenue and earnings objectives for the third quarter, we are nonetheless disappointed by continued weakness of packaged software sales globally,” chief executive Eric Schmidt said in a statement. Novell also said it would repurchase $500 million of its shares.


Portland, ORE. — ARTiSAN Software Tools, a leading provider of real-time modeling tools, has announced it has received $7.44 million in a mezzanine round of venture financing, the largest single investment for the company to date. The investment was led by Pi Capital with strong support from existing investor Quester. Other investors include 3i Group and Pond Venture Partners. All of the investors are based in London, England. This latest round of financing will be used to augment ARTiSAN’s sales and marketing activities worldwide and further accelerate the company’s continuing rapid growth. The new operating capital may also be used for acquisitions, according to Caine O’Brien, CEO of ARTiSAN Software Tools Inc.

Sales in 1999 doubled over the year before, reflecting the enthusiasm with which developers are embracing ARTiSAN’s Real-time Studio product for visualizing, designing and validating real-time and embedded systems. O’Brien said that ARTiSAN is on track to more than double its sales in 2000 over 1999, as well. “We are very pleased to secure this round of financing,” said O’Brien. “With this strong vote of confidence from our investors, we are poised to firmly establish our leadership in the real-time systems design market. We have the products, the management team and the funds to be the dominant player in the marketplace.” ARTiSAN provides innovative, UML-based (Unified Modeling Language) systems and software modeling solutions for designers of real-time and embedded systems. “ARTiSAN’s installed-base satisfaction is leagues ahead of the competition in this increasingly important marketplace,” said David Alexander, investment manager at Pi Capital. “We interviewed numerous ARTiSAN customers in Europe and North America and were very impressed with how delighted they were with ARTiSAN’s products and customer support.”


New York, N.Y. — VA Linux Systems Inc., which provides computer products and services based on the Linux operating system, posted a fiscal fourth-quarter operating loss that was a nickel narrower than analysts had expected, as sales soared more than 500 percent from the same quarter last year. For the quarter ended July 28, the Sunnyvale, Calif.-based company said its net loss was $4.08 million, or 10 cents per share. Analysts polled by earnings tracker First Call had expected VA Linux to lose 15 cents per share during the quarter. Revenue for the quarter was $50.7 million. That’s up 547 percent from $7.8 million during last year’s fiscal fourth quarter and up 46 percent sequentially. For all of fiscal 2000, VA Linux reported a net loss of $23.1 million, or 68 cents per share, compared with a loss of $12.2 million, or 85 cents per share, in fiscal 1999.

The company’s revenue in fiscal 2000 rose 579 percent to $120.3 million from $17.7 million in fiscal 1999. “We have continued to demonstrate, quarter after quarter, strong revenue growth and improved financial results,” Larry M. Augustin, the company’s president and chief executive, said in a statement. “We improved our gross margins to 22 percent and reduced our net loss, excluding non-cash charges, to 8.1 percent of revenue,” Augustin added. “Our differentiation as a full-solution provider of Linux and open-source products became more visible this month with the launch of our build-to-order software selector and our launch of the open-source development network.” VA Linux is one of a rapidly growing group of companies that specializes in software and solutions based on the Linux operating system.


Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

HPC Career Notes: August 2021 Edition

August 4, 2021

In this monthly feature, we’ll keep you up-to-date on the latest career developments for individuals in the high-performance computing community. Whether it’s a promotion, new company hire, or even an accolade, we’ Read more…

The Promise (and Necessity) of Runtime Systems like Charm++ in Exascale Power Management

August 4, 2021

Big heterogeneous computer systems, especially forthcoming exascale computers, are power hungry and difficult to program effectively. This is, of course, not an unrecognized problem. In a recent blog, Charmworks’ CEO S Read more…

Digging into the Atos-Nimbix Deal: Big US HPC and Global Cloud Aspirations. Look out HPE?

August 2, 2021

Behind Atos’s deal announced last week to acquire HPC-cloud specialist Nimbix are ramped-up plans to penetrate the U.S. HPC market and global expansion of its HPC cloud capabilities. Nimbix will become “an Atos HPC c Read more…

Berkeley Lab Makes Strides in Autonomous Discovery to Tackle the Data Deluge

August 2, 2021

Data production is outpacing the human capacity to process said data. Whether a giant radio telescope, a new particle accelerator or lidar data from autonomous cars, the sheer scale of the data generated is increasingly Read more…

Verifying the Universe with Exascale Computers

July 30, 2021

The ExaSky project, one of the critical Earth and Space Science applications being solved by the US Department of Energy’s (DOE’s) Exascale Computing Project (ECP), is preparing to use the nation’s forthcoming exas Read more…

AWS Solution Channel

Pushing pixels, not data with NICE DCV

NICE DCV, our high-performance, low-latency remote-display protocol, was originally created for scientists and engineers who ran large workloads on far-away supercomputers, but needed to visualize data without moving it. Read more…

What’s After Exascale? The Internet of Workflows Says HPE’s Nicolas Dubé

July 29, 2021

With the race to exascale computing in its final leg, it’s natural to wonder what the Post Exascale Era will look like. Nicolas Dubé, VP and chief technologist for HPE’s HPC business unit, agrees and shared his vision at Supercomputing Frontiers Europe 2021 held last week. The next big thing, he told the virtual audience at SFE21, is something that will connect HPC and (broadly) all of IT – into what Dubé calls The Internet of Workflows. Read more…

Digging into the Atos-Nimbix Deal: Big US HPC and Global Cloud Aspirations. Look out HPE?

August 2, 2021

Behind Atos’s deal announced last week to acquire HPC-cloud specialist Nimbix are ramped-up plans to penetrate the U.S. HPC market and global expansion of its Read more…

What’s After Exascale? The Internet of Workflows Says HPE’s Nicolas Dubé

July 29, 2021

With the race to exascale computing in its final leg, it’s natural to wonder what the Post Exascale Era will look like. Nicolas Dubé, VP and chief technologist for HPE’s HPC business unit, agrees and shared his vision at Supercomputing Frontiers Europe 2021 held last week. The next big thing, he told the virtual audience at SFE21, is something that will connect HPC and (broadly) all of IT – into what Dubé calls The Internet of Workflows. Read more…

How UK Scientists Developed Transformative, HPC-Powered Coronavirus Sequencing System

July 29, 2021

In November 2020, the COVID-19 Genomics UK Consortium (COG-UK) won the HPCwire Readers’ Choice Award for Best HPC Collaboration for its CLIMB-COVID sequencing project. Launched in March 2020, CLIMB-COVID has now resulted in the sequencing of over 675,000 coronavirus genomes – an increasingly critical task as variants like Delta threaten the tenuous prospect of a return to normalcy in much of the world. Read more…

IBM and University of Tokyo Roll Out Quantum System One in Japan

July 27, 2021

IBM and the University of Tokyo today unveiled an IBM Quantum System One as part of the IBM-Japan quantum program announced in 2019. The system is the second IB Read more…

Intel Unveils New Node Names; Sapphire Rapids Is Now an ‘Intel 7’ CPU

July 27, 2021

What's a preeminent chip company to do when its process node technology lags the competition by (roughly) one generation, but outmoded naming conventions make it seem like it's two nodes behind? For Intel, the response was to change how it refers to its nodes with the aim of better reflecting its positioning within the leadership semiconductor manufacturing space. Intel revealed its new node nomenclature, and... Read more…

Will Approximation Drive Post-Moore’s Law HPC Gains?

July 26, 2021

“Hardware-based improvements are going to get more and more difficult,” said Neil Thompson, an innovation scholar at MIT’s Computer Science and Artificial Intelligence Lab (CSAIL). “I think that’s something that this crowd will probably, actually, be already familiar with.” Thompson, speaking... Read more…

With New Owner and New Roadmap, an Independent Omni-Path Is Staging a Comeback

July 23, 2021

Put on a shelf by Intel in 2019, Omni-Path faced a uncertain future, but under new custodian Cornelis Networks, OmniPath is looking to make a comeback as an independent high-performance interconnect solution. A "significant refresh" – called Omni-Path Express – is coming later this year according to the company. Cornelis Networks formed last September as a spinout of Intel's Omni-Path division. Read more…

Chameleon’s HPC Testbed Sharpens Its Edge, Presses ‘Replay’

July 22, 2021

“One way of saying what I do for a living is to say that I develop scientific instruments,” said Kate Keahey, a senior fellow at the University of Chicago a Read more…

AMD Chipmaker TSMC to Use AMD Chips for Chipmaking

May 8, 2021

TSMC has tapped AMD to support its major manufacturing and R&D workloads. AMD will provide its Epyc Rome 7702P CPUs – with 64 cores operating at a base cl Read more…

Berkeley Lab Debuts Perlmutter, World’s Fastest AI Supercomputer

May 27, 2021

A ribbon-cutting ceremony held virtually at Berkeley Lab's National Energy Research Scientific Computing Center (NERSC) today marked the official launch of Perlmutter – aka NERSC-9 – the GPU-accelerated supercomputer built by HPE in partnership with Nvidia and AMD. Read more…

Ahead of ‘Dojo,’ Tesla Reveals Its Massive Precursor Supercomputer

June 22, 2021

In spring 2019, Tesla made cryptic reference to a project called Dojo, a “super-powerful training computer” for video data processing. Then, in summer 2020, Tesla CEO Elon Musk tweeted: “Tesla is developing a [neural network] training computer called Dojo to process truly vast amounts of video data. It’s a beast! … A truly useful exaflop at de facto FP32.” Read more…

Google Launches TPU v4 AI Chips

May 20, 2021

Google CEO Sundar Pichai spoke for only one minute and 42 seconds about the company’s latest TPU v4 Tensor Processing Units during his keynote at the Google I Read more…

CentOS Replacement Rocky Linux Is Now in GA and Under Independent Control

June 21, 2021

The Rocky Enterprise Software Foundation (RESF) is announcing the general availability of Rocky Linux, release 8.4, designed as a drop-in replacement for the soon-to-be discontinued CentOS. The GA release is launching six-and-a-half months after Red Hat deprecated its support for the widely popular, free CentOS server operating system. The Rocky Linux development effort... Read more…

Intel Launches 10nm ‘Ice Lake’ Datacenter CPU with Up to 40 Cores

April 6, 2021

The wait is over. Today Intel officially launched its 10nm datacenter CPU, the third-generation Intel Xeon Scalable processor, codenamed Ice Lake. With up to 40 Read more…

Iran Gains HPC Capabilities with Launch of ‘Simorgh’ Supercomputer

May 18, 2021

Iran is said to be developing domestic supercomputing technology to advance the processing of scientific, economic, political and military data, and to strengthen the nation’s position in the age of AI and big data. On Sunday, Iran unveiled the Simorgh supercomputer, which will deliver.... Read more…

10nm, 7nm, 5nm…. Should the Chip Nanometer Metric Be Replaced?

June 1, 2020

The biggest cool factor in server chips is the nanometer. AMD beating Intel to a CPU built on a 7nm process node* – with 5nm and 3nm on the way – has been i Read more…

Leading Solution Providers


Julia Update: Adoption Keeps Climbing; Is It a Python Challenger?

January 13, 2021

The rapid adoption of Julia, the open source, high level programing language with roots at MIT, shows no sign of slowing according to data from I Read more…

AMD-Xilinx Deal Gains UK, EU Approvals — China’s Decision Still Pending

July 1, 2021

AMD’s planned acquisition of FPGA maker Xilinx is now in the hands of Chinese regulators after needed antitrust approvals for the $35 billion deal were receiv Read more…

GTC21: Nvidia Launches cuQuantum; Dips a Toe in Quantum Computing

April 13, 2021

Yesterday Nvidia officially dipped a toe into quantum computing with the launch of cuQuantum SDK, a development platform for simulating quantum circuits on GPU-accelerated systems. As Nvidia CEO Jensen Huang emphasized in his keynote, Nvidia doesn’t plan to build... Read more…

Microsoft to Provide World’s Most Powerful Weather & Climate Supercomputer for UK’s Met Office

April 22, 2021

More than 14 months ago, the UK government announced plans to invest £1.2 billion ($1.56 billion) into weather and climate supercomputing, including procuremen Read more…

Quantum Roundup: IBM, Rigetti, Phasecraft, Oxford QC, China, and More

July 13, 2021

IBM yesterday announced a proof for a quantum ML algorithm. A week ago, it unveiled a new topology for its quantum processors. Last Friday, the Technical Univer Read more…

Q&A with Jim Keller, CTO of Tenstorrent, and an HPCwire Person to Watch in 2021

April 22, 2021

As part of our HPCwire Person to Watch series, we are happy to present our interview with Jim Keller, president and chief technology officer of Tenstorrent. One of the top chip architects of our time, Keller has had an impactful career. Read more…

Frontier to Meet 20MW Exascale Power Target Set by DARPA in 2008

July 14, 2021

After more than a decade of planning, the United States’ first exascale computer, Frontier, is set to arrive at Oak Ridge National Laboratory (ORNL) later this year. Crossing this “1,000x” horizon required overcoming four major challenges: power demand, reliability, extreme parallelism and data movement. Read more…

Senate Debate on Bill to Remake NSF – the Endless Frontier Act – Begins

May 18, 2021

The U.S. Senate today opened floor debate on the Endless Frontier Act which seeks to remake and expand the National Science Foundation by creating a technology Read more…

  • arrow
  • Click Here for More Headlines
  • arrow