Computer networks equipment present a bottleneck for further increase of the capacity in the networks. The terminals have problems to keep up with the network speed when using general purpose processors for the protocol processing. We present a novel processor architecture, that works in-line with the data flow and does not use a traditional von Neuman architecture. The program is contained in three lookup tables within the processor core, which allows for one cycle if-then-else and switch-case-case... execution. The processor is estimated to be able to handle a 10 Gb/s Ethernet connection when implemented in a 0.18 micron technology.