NETGEAR® Among Deloitte’s Technology Fast 50 Program Honoring Silicon Valley’s Fastest Growing Companies
Leading Networking Company Recognized for Five-Year Percentage Revenue Growth, Innovative Strategies, Management and Marketplace Vision
SANTA CLARA, Calif. — October 30, 2006 — NETGEAR®, Inc. (Nasdaq: NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that it has been named to Deloitte’s prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in the area by one of the nation’s leading professional services organizations, Deloitte & Touche USA LLP. Rankings are based on the percentage revenue growth over five years from 2001 – 2005.
Said Patrick Lo, chairman and CEO of NETGEAR, “This has been a seminal year for NETGEAR in which we’ve ushered in our second decade of not only technological innovation, but also creating sustainable value for our shareholders. We’re very excited to receive this award from Deloitte for our top-line revenue growth and profitability, as it is an excellent measure of our ongoing success and firm commitment to providing our customers with unmatched quality and service.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns either proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues. As a Technology Fast 50 award winner, NETGEAR is automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing companies.
“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Mark Jensen, Partner and National Director of the Venture Capital Services Group for Deloitte & Touche LLP in San Jose. “We applaud the successes of NETGEAR and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
About NETGEAR®, Inc.
NETGEAR® (Nasdaq: NTGR) designs technologically advanced, branded networking products that address the specific needs of small and medium business and home users. The Company’s product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. NETGEAR is headquartered in Santa Clara, Calif. For more information, visit the company’s Web site at www.netgear.com or call (408) 907-8000.
© 2006 NETGEAR, Inc. NETGEAR and the NETGEAR Logo are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning the future growth rate of NETGEAR’s business and expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR’s products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: historical growth rates do not reflect the prospect for growth in future years, the actual price, performance and ease of use of NETGEAR’s products may not meet the price, performance and ease of use requirements of end-users; the performance of NETGEAR’s products may be adversely affected by real world network, environmental and operating conditions; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company’s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled “Part II - Item 1A. Risk Factors”, pages 30 through 39, in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 2, 2006, filed with the Securities and Exchange Commission on August 11, 2006. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
- Contact Information
- Doug Hagan
- Director, Corporate Marketing
- NETGEAR, Inc.
- Contact via E-mail
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