NETGEAR® Named in Deloitte’s Technology Fast 50 Program for Second Consecutive Year
Innovative Networking Company Recognized for Five-Year Percentage Revenue Growth Among Silicon Valley Internet, Entertainment and Communication Companies
SANTA CLARA, Calif. — October 15, 2007 — NETGEAR®, Inc. (NASDAQGM: NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that it has again 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 region 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 2002 – 2006.
Said Patrick Lo, chairman and CEO of NETGEAR, “It’s wonderful to be named to Deloitte’s Technology Fast 50 again this year. As this award acknowledges companies with exceptional top-line revenue growth, profitability and shareholder value, we view this as an important benchmark of our success driving innovation in our industry — delivering first-rate networking products to our valued customers around the world.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Silicon Valley, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. 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.
“Sustaining high revenue growth over five years is an exceptional accomplishment,” said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP. “We commend NETGEAR for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor NETGEAR to Deloitte’s Technology Fast 50.”
About NETGEAR, Inc.
NETGEAR (NASDAQGM: 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.
© 2007 NETGEAR, Inc. NETGEAR, 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.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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 27 through 37, in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 1, 2007, filed with the Securities and Exchange Commission on August 10, 2007. 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.
Contacts:
Lisa Hawes
Sterling Communications
(408) 884-5155
lhawes@sterlingpr.com
Technology & Channel Media
Ken Hagihara
Integrity Public Relations
(949) 768-4423 x901
ken@integritypr.net