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NETGEAR® CEO Patrick Lo Named Ernst & Young Entrepreneur Of The Year® 2006 Award Winner in Northern California

  • 20 June, 2006 10:59

<p>Networking Company Celebrates 10 Years of Innovation; Award Recognizes Entrepreneurial Excellence in Networking/Communications Category</p>
<p>SANTA CLARA, Calif. — June 20, 2006 — NETGEAR®, Inc. (Nasdaq: NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that its chairman and chief executive officer, Patrick Lo, received the Ernst &amp; Young Entrepreneur Of The Year® 2006 Award in the Networking/Communications category in the Northern California region. According to Ernst &amp; Young, the award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. An independent panel of judges selected Patrick Lo from a pool of over 60 nominated, well-respected business leaders in the region. The award was presented at an Ernst &amp; Young Entrepreneur Of The Year 20th anniversary gala event in San Francisco on June 16.</p>
<p>Stated Patrick Lo, “Being recognized with this award in the Northern California region was no easy task with so many other innovative companies in the area. This award reflects the many individuals who have helped build NETGEAR into an industry leader committed to business excellence. Celebrating our tenth year in business, I’m truly honored to receive this award as we enter many more years of innovation.” Mr. Lo co-founded NETGEAR in 1996 with Mark Merrill, the company’s chief technology officer.</p>
<p>The Ernst &amp; Young Entrepreneur Of The Year awards program celebrates its 20th anniversary this year and continues to honor entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their business and communities. “Ernst &amp; Young is proud of its history in recognizing these outstanding leaders and their companies,” said Rick Fezell, Ernst &amp; Young Entrepreneur Of The Year program director for Northern California.</p>
<p>As an award winner in Northern California, Patrick Lo is now eligible for consideration for the Ernst &amp; Young Entrepreneur Of The Year 2006 national program. Award winners in several national categories, as well as the overall national Ernst &amp; Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California, on November 18, 2006. The overall national Entrepreneur Of The Year award recipient is then considered for the world event held in Monte Carlo in 2007.</p>
<p>About the Ernst &amp; Young Entrepreneur Of The Year Awards
The Entrepreneur Of The Yearâ awards program was created and is produced by professional services firm Ernst &amp; Young LLP. As the first award of its kind, the Ernst &amp; Young Entrepreneur Of The Year award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.</p>
<p>About NETGEAR®, Inc</p>
<p>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.</p>
<p>© 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.</p>
<p>Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.</p>
<p>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 23 through 32, in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2006, filed with the Securities and Exchange Commission on May 12, 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.</p>
<p># # #</p>
<p>For more information:</p>
<p>Doug Hagan
Director, Corporate Marketing
NETGEAR, Inc.
(408) 907-8053
doug.hagan@netgear.com</p>
<p>Lisa Hawes
Account Supervisor
Sterling Communications
(408) 395-5500 x227
lhawes@sterlingpr.com</p>

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