NETGEAR® Presented with Staples’ Esteemed “Hardware Vendor of the Year” Award

Networking Company Receives its Third Award from a Major Retailer This Year

SANTA CLARA, Calif. — October 23, 2006 — NETGEAR®, Inc. (Nasdaq: NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that Staples has presented the company with the prestigious “Hardware Vendor of the Year” award for 2006, the company’s third such award from a major retailer this year. NETGEAR was honored on the basis of its online and on-site training initiatives, creative new advertising measures, supply chain excellence, and key new product launches. The award was presented to NETGEAR as part of the Staples Technology Symposium in September, 2006.

Said Patrick Lo, chairman and CEO of NETGEAR, “We pride ourselves on our channel partner-orientation and commitment to providing solid training, unmatched supply chain excellence and the best possible products at affordable prices. To receive yet another highly-sought vendor accolade ahead of our competitors — and from our valued partner Staples — honors the hard work of the entire NETGEAR team, and we look forward to continuing our close relationship with Staples, supplying them with best-in-class networking equipment.”

Staples, Inc. is the world’s largest office products company. It serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 21 countries throughout North and South America, Europe and Asia.

“The ‘Hardware Vendor of the Year’ award was created to recognize the very best of the best, and this year NETGEAR was the vendor that embodied training, business and product excellence,” said Bruce Bressler, a vice president of technology merchandising for Staples, Inc. We’re pleased to present this award to NETGEAR as an exemplary networking products supplier.”

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 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: 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