View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 20, 2004

Netlogic plans $86.3m IPO

Netlogic Microsystems Inc, which develops what it describes as knowledge-based processors for advanced networking systems, plans to raise $86.3m in an IPO on Nasdaq.

By CBR Staff Writer

The company’s processors use an advanced architecture and a database containing network and network user information to make decisions about individual packets of information traveling through the network.

This enables original equipment manufacturers to offer network-aware processing functions, such as access control for network security, prioritization of traffic flow to maintain quality of service, and statistical measurement of internet traffic for transaction billing.

The Mountain View, California-based company has been in operation since 1995, and launched its knowledge-based processor in the second quarter of 2002. Sales only became significant in the third quarter of 2003.

Revenue of $2.89m in 2002 leapt to $13.5m in 2003 when the company made a net loss of $31.9m. In the first quarter of this year, it made a net loss of $5.4m on revenue of $8.3m.

Apart from a brief history of rapidly growing revenue, Netlogic is highly dependent on a few customers. Cisco Systems accounted for 64% of its revenue in the first quarter of this year. Other significant OEM customers including Alcatel, Extreme Networks, Fujitsu, Hitachi, Juniper Networks, and Nortel Networks.

This article is based on material originally published by ComputerWire

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.