NetApp Announces Intention to Repurchase $200 Million of Common Stock

Sunnyvale, CA– - NetApp, Inc. (NASDAQ: NTAP) today announced that it intends to repurchase an aggregate of $200 million of its common stock under its preexisting stock repurchase program, beginning in July 2011. After the completion of this transaction, $900 million will remain in the preexisting authorization. NetApp will, from time to time, purchase shares of common stock, subject to prevailing market conditions, in open market or privately negotiated transactions.

This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities.

About NetApp
NetApp creates innovative storage and data management solutions that deliver outstanding cost efficiency and accelerate business breakthroughs. Discover our passion for helping companies around the world go further, faster at www.netapp.com.