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NETGEAR Ships Over 1 Million ADSL Gateways

  • 02 June, 2005 13:01

<p>SANTA CLARA, Calif. — June 1, 2005 — NETGEAR®, Inc. (Nasdaq: NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that it has shipped over one million residential ADSL gateways. This milestone reinforces NETGEAR’s position as a leading worldwide solutions provider of wired and wireless networking products for homes and small businesses, while maintaining its position as a leading provider of modem routers in overseas markets.</p>
<p>“This milestone heralds great success for NETGEAR not only in sustaining high levels of demand throughout every corner of the world, but also in making the NETGEAR brand synonymous with innovative, yet easy to use, networking solutions,” said Patrick Lo, chairman and CEO of NETGEAR. “Our penetration in Europe, the Middle East and Africa (EMEA) and the Asia-Pacific regions, where we maintain a dominant market share for residential gateways, proves that customers trust NETGEAR’s products over other vendors for their reliability and affordability.”</p>
<p>NETGEAR enjoys a widespread presence in the EMEA and Asia-Pacific markets through a network of over 4,200 retail outlets and more than 20,000 value-added resellers. NETGEAR also maintains very good relationship with many Internet Service Providers in those regions. Customers turn to NETGEAR in the EMEA and Asia-Pacific markets for modem routers because of its reputation as a provider of high quality networking devices.</p>
<p>“The overseas residential broadband market is showing considerable growth,” stated Luke Thomas, research analyst with Frost &amp; Sullivan’s Information and Communication Technology research division. “NETGEAR’s success in the overseas residential ADSL market comes as no surprise, as the company maintains significant brand recognition among customers worldwide for multi-service products.”</p>
<p>Each device within NETGEAR’s family of residential ADSL products provides multifunction convergence in a single affordable unit, delivering cost savings and a streamlined installation process for customers. Introduced in the fourth quarter of 2003, the third generation NETGEAR ADSL Firewall Router (DG834) family provides four functions in one networking device, including an ADSL modem, router, 10/100 LAN switch and firewall. NETGEAR’s Wireless ADSL Firewall Router (DG834G), adds 802.11g wireless functionality, in addition to support for the ADSL 2+ standard. The NETGEAR Super Wireless ADSL Modem Router (DG834GT), unveiled in November 2004, is the first gateway to include Super GÔ technology, enabling users to surf wirelessly with speeds up to 108 Mbps.</p>
<p>Each model in the NETGEAR ADSL router family has garnered distinct praise as a preferred solution among customers seeking multifunction convergence in a small physical footprint. To date, the NETGEAR Wireless ADSL Firewall Router (DG834G) has received several prestigious product and design accolades, including PC Plus Magazine’s Editor’s Choice Award, Internet Magazine’s Best Buy Award and more recently, the 2004 GOOD DESIGNÔ Award from the Chicago Athenaeum: Museum of Architecture and Design, which recognized the modem router’s sleek and stylish housing.</p>
<p>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.au or call +61 2 8448 2072.</p>
<p>©2005 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.</p>
<p>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 NETGEAR’s wireless and wired ADSL residential gateway product family, 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: 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 operating conditions; the ability of NETGEAR to market and sell its products and technology, including NETGEAR’s wireless and wired ADSL residential gateway product family; 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 “Risk Factors Affecting Future Results”, pages 17 through 25, in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 3, 2005, filed with the Securities and Exchange Commission on May 13, 2005. 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.</p>

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