NETGEAR Named One of Silicon Valley’s Fastest Growing Technology Companies in Deloitte & Touche’s Fast 50 Program
Customer-driven innovator of networking solutions earns recognition for fast grow
SANTA CLARA, Calif. – September 20, 2001 - NETGEAR Inc., a leading provider of networking products for the home and small business, today announced that it has been named to Deloitte & Touche’s “2001 Technology Fast 50” Program for Silicon Valley, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues for the five-year period from 1996-2000.
“NETGEAR is dedicated to delivering innovative networking products for our home and small business customers that are reliable, easy to set-up and use,” said Patrick Lo, president and chief executive officer of NETGEAR. “Our business strategy as a customer-driven, global provider of networking solutions is successful as evidenced by our 4527 percent growth over the last five years. We are proud to be recognized for our achievements and look forward to the continued growth of our company as everyone connects around the world.”
“Today, there are more than 22,000 technology companies in the United States, many of whom are competing for the same markets here in the States and worldwide. The Fast 50 winners for Silicon Valley have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend NETGEAR for having the vision and determination to become one of the 50 fastest growing technology companies in the Silicon Valley,” said Roy Avondet, managing partner at Deloitte & Touche.
NETGEAR’s increase in revenues of 4527 percent over the five-year period of 1996 to 2000 resulted in a Top 50 ranking overall in the Fast 50 for Silicon Valley.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000; must be public or private companies headquartered in the Silicon Valley; and be “technology companies” defined as companies that produce technology, manufacture a technology product, or devote a high percentage of effort to research and development of technology.
Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About NETGEAR Inc.
NETGEAR provides easy-to-use, reliable networking solutions for homes and businesses worldwide. NETGEAR, a spin-off of Nortel Networks (NYSE: NT), is headquartered in Santa Clara, California. NETGEAR designs and develops products that enable home and small business users to share Internet access, peripherals, digital content and applications among multiple personal computers and other Internet-enabled devices. The company markets and sells its products through a global network of resellers, including more than 4,500 retail stores, mail order catalogs and online retailers. Additionally, NETGEAR offers customers free support 24 hours a day, seven days a week. For more information visit the company's Web site at www.netgear.com or call (408.907.8000).
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for four consecutive years. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s web site at www.us.deloitte.com.
About Deloitte & Touche’s Technology & Communications Group
The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.