trading around 1.12 on nasdaq:
Asante and National Semiconductor Forge Alliance for Desktop Gigabit Ethernet
Copper Gigabit Ethernet Adapters Now Under $150
LAS VEGAS--(BUSINESS WIRE)--Nov. 13, 2000--Asante Technologies, Inc. (Nasdaq:ASNT.OB - news) and National Semiconductor (NYSE:NSM - news) are pleased to announce the preview of the next generation of 10/100/1000 Mbps Gigabit adapters at Comdex in booth L3005. The Asante FriendlyNET(TM) GigaNIX 1000TPC will be the first Gigabit Ethernet adapter priced less than $150.
Asante GigaNIX Far Outperforms Fast Ethernet
``Asante's GigaNIX far outperforms Fast Ethernet in transferring our large multi-Gigabyte database files,'' declared Yan Chow, SQL database manager for NameMetrix, an Internet company. ``It's easy to see that Gigabit Ethernet will be the next generation in LAN technology,'' noted Chow.
Driving Gigabit to the Desktop
Less than one year after Asante made history as the first manufacturer to introduce Gigabit Ethernet over copper workgroup switches with the renowned GX4(TM) Series, Asante and National Semiconductor have joined forces to break new ground with the GigaNIX adapters.
``We are pleased that National's unique Gigabit Ethernet connectivity solution has enabled innovators such as Asante to deliver their products at an affordable price,'' said Gobi R. Padmanabhan, senior vice president of Network Products group at National Semiconductor. ``National is taking the leadership position in 'Driving Gigabit to the Desktop' by providing a complete Gigabit network interface card solution with the lowest power consumption in production today.''
Asante Leads the Industry
``Once again Asante leads the industry with our 3rd generation Gigabit Ethernet adapter,'' said Jim Hsia, vice president of Marketing at Asante. ``A year ago Gigabit adapters were priced in the $1000 range. Today, Asante's 10/100/1000BaseT Gigabit Ethernet adapter is priced under $150. Until now, users looking to deploy copper Gigabit Ethernet only had the option of buying new adapters priced at $400-$800. But with Asante's alliance with National Semiconductor, we are pleased to be the first to introduce the next generation in LAN technology with affordable copper Gigabit Ethernet,'' he added.
Moving Workgroups at Lightning Speed
With the GigaNIX adapter, entire workgroup teams will find that Gigabit on every desktop is now an affordable reality. The GigaNIX adapter completes Asante's Gigabit Ethernet line -- which includes GX4 switches priced at just $300 per Gigabit port. The GigaNIX will connect high performance servers and workstations to send multi-gigabyte files at the fastest possible speeds. Users can now share data, voice and video without waiting on the network. The GigNIX adapter is ideal for both network servers and high performance workstations.
Thinking Smarter
As Asante's most advanced network adapter, the GigaNIX adapter is the synthesis of leading edge innovations including 0.18-micron process technologies, advanced digital signal processing (DSP) and streamlined software design. As a result the GigaNIX adapter is literally a generation ahead with these features:
AsanteQ(TM) active link quality monitor continuously adapts to actual cable conditions by managing signal quality. Automatic gain control ensures that data travels the longest distances with maximum signal quality and data integrity. The GigaNIX adapter has the ability to instantly correct for most wiring errors (crossover, swapped pairs, and reverse polarity).
Real-time performance monitoring is easy with Asante's powerful LAN Inspector application, which greatly simplifies the task of monitoring the Windows computers on a network. From any remote location, a web browser can be used to quickly display important system, network and user information.
Supports advanced features like IPv4 checksum, jumbo packets, and VLAN.
Pricing and Availability
The FriendlyNET GigaNIX adapter family includes two models that will be available in December 2000.
-- FriendlyNET GigaNIX 1000TPC
$149 North American Estimated Street Price (NA-ESP).
Drivers for Windows 98/NT/2000 Professional and Linux.
-- FriendlyNET GigaNIX 1000TA
$249 NA-ESP.
Drivers for Mac OS, Windows 98/NT/2000 Professional and Linux.
About Asante
Asante Technologies is the leading provider of network solutions for small offices/home offices, education (K-12 and higher education) and enterprises. The Company's FriendlyNET products simplify networking and provide Internet access for mobile and office professionals. The Company's IntraCore products support multi-service applications for large enterprises. For additional information, visit www.asante.com or call 800/566-6680 for FriendlyNET products or 800/303-9121 for IntraCore products.
Note to Editors: Asante is a registered trademark; FriendlyNET and IntraCore are trademarks of Asante Technologies, Inc.
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Contact:
Asante Technologies, Inc.
Jim Siegrist, 408/435-8401 ext. 292
jsiegrist@asante.com
Asante Announces Return to Profitability and Fourth Quarter 2000 Operating Results
13% Sequential Increase in Quarterly Revenues and Improved Yearly Earnings
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 1, 2000--Asante Technologies, Inc. (NASDAQ:ASNT.OB - news) today announced results for the fourth quarter of fiscal 2000. The Company reported revenues of $7.5 million for the quarter ended September 30, 2000; an increase of 13% from $6.7 million in the third quarter ended July 1, 2000. The Company posted a net profit of $412,000, or $0.04 per basic and diluted share, for the quarter, compared to a net loss of $60,000, or $0.01 per share, in the preceding quarter. The improved results were due primarily to sales of the Company's new broadband Cable/DSL Internet router products, and streamlined operations.
Net income improved by $844,000, from a net loss of $432,000 in the fourth quarter of fiscal 1999, to net income of $412,000 in the fourth quarter of fiscal 2000, despite a 17% reduction in revenues over the same period. The improved earnings were due primarily to reduced operating expenses. The decline in revenue from the prior year was due primarily to the Company's refocus from older Apple adapter products to newer, high-growth technologies.
Revenues totaled $29.3 million for fiscal 2000; a decrease of 22 percent as compared with $37.5 million for the same period a year ago. However gross profit for fiscal 2000 was $10.7 million representing an increase of $5.8 million, or 117%, from $4.9 million in the prior year. Gross margin improved to 37% in fiscal 2000, compared to 13% in the prior year. In addition, net income for fiscal 2000 was $392,000, or $0.04 per basic and diluted share, compared to a net loss of $14.2 million, or $1.53 per share, in the prior year. The improved earnings for fiscal 2000, compared to fiscal 1999, was due to the Company's improved margins and effective expense controls.
New FriendlyNET Routers and IntraCore Switch
The Company began initial shipments of its first generation FriendlyNET(TM) broadband Internet router products and strengthened its IntraCore(TM) multi-service Gigabit Ethernet switch family with the addition of its new IntraCore 6500 Series of switches. Both products offer best of class features, performance, platform compatibility, and are the highest value products available on the market today. The 6524 offers the lowest price per port for any managed Gigabit switch.
``I am very pleased with the improved results for the fourth quarter. The Company was successful in bringing to market several key products which offer our customers the best products at extremely attractive prices,'' commented Wilson Wong, Asante's Chairman, President and CEO. ``These new products were key contributors to the Company's increase in revenues for the quarter and are expected to be major contributors to the Company's revenues over the next several quarters. The Company has a very solid IntraCore product line and in the next couple of quarters will focus on strengthening its offering of broadband internet access products for the SOHO (Small Office/Home Office) market.''
``We will continue to strengthen our product lines over the next several quarters, and plan to strengthen our sales channels, while focusing on forging relationships with new strategic business partners, and additional technology partners to bring new high value cutting edge products to market,'' concluded Wong. |
