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NetApp Celebrates Ten Years as a Public Company

  • 22 November, 2005 11:47

<p>NetApp Celebrates Ten Years as a Public Company</p>
<p>Executives at NASDAQ Market Site to Ring Opening Bell</p>
<p>SUNNYVALE, Calif. – November 22, 2005 -- Network Appliance, Inc. (NASDAQ:NTAP), a leading provider of enterprise storage solutions, today celebrated 10 years as a publicly traded company on NASDAQ. The company’s IPO was on November 21, 1995, and Tom Mendoza, president of NetApp, rang the opening bell at NASDAQ in New York today, along with Dan Warmenhoven, CEO and David Hitz and James Lau, both founders and executive vice presidents.</p>
<p>“NetApp is proud to have been listed on NASDAQ for 10 years among some of the most prestigious companies in the technology sector,” said Dan Warmenhoven, CEO of Network Appliance. “Our goal has always been to build a model company for our, customers, shareholders, employees, business partners and community. We look forward to continuing to drive customers' success, provide shareholder value, attract and retain performance-oriented employees, maintain good relationships within our community, and develop and nourish partnerships to deliver superior solutions, value, and service to our customers.”</p>
<p>Since November 1995, NetApp has grown from 100 to over 4,000 employees, achieved nearly a $2 billion annual revenue run rate and grown at almost 30% year over year. The company has been listed on the NASDAQ 100 and in the S&amp;P 500 Index since 1999. A majority of the original management team that took NetApp public still leads the company today, and the company has earned a spot in the top 50 on the FORTUNE 100 Best Companies to Work For list each of the past three years.</p>
<p>In recognition of her service since 1995, NetApp employee, Laura Ellgen, Human Resources Manager from the NetApp office in Research Triangle Park, NC, was invited by company executives to participate in the opening bell ceremonies.</p>
<p>About Network Appliance
Network Appliance is a world leader in unified storage solutions for today’s data-intensive enterprise. Since its inception in 1992, Network Appliance has delivered technology, product, and partner firsts. Information about Network Appliance™ solutions and services is available at www.netapp.com.
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<p>Press Contact:
Mark Heers, Director Marketing and Alliance, Network Appliance Australia
(61 2) 9779 5623, mheers@netapp.com</p>
<p>Fiona Martin, Managing Director, Max Australia
(61 2) 9954 3492, fiona.martin@maxaustralia.com.au</p>
<p>NetApp is a registered trademark and Network Appliance is a trademark of Network Appliance Inc. in the United States and other countries. All other trademarks belong to their respective owners and should be treated as such.
"Safe Harbor" Statement under U.S. Private Securities Litigation Reform Act of 1995
The statement regarding the company’s growth rate is a forward-looking statement within the means of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement regarding future events or the future financial performance of Network Appliance, Inc. that involves risks or uncertainties. In evaluating these statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation: continuing decline in the general economic conditions, customer demand for products and services, customer acceptance of product architectures, increased competition, and other important factors as described in Network Appliance, Inc. reports and documents filed from time to time with the Securities and Exchange Commission, including its mostly recently submitted 10-K and 10-Q.</p>

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