Microprocessor
The stack pointer register in a microprocessor

 counts the number of instructions being executing on the microprocessor
 counts the number of programs being executing on the microprocessor
 keeps the address of the next instruction to be fetched
 holds the address of the top of the stack

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Microprocessor
A high on RESET OUT signifies that

 processing can begin when this signal goes high
 all the registers and counters are being reset
 all the registers and counters are being reset and this signal can be used to reset external support chip
 all the registers of the CPU are being reset

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