28 Nov '11, 11am
Netgear aims for $2B in revenue by 2014, seeks growth in Asia. $NTGR aa/25 close: 22.47 #stocks #tech
Netgear aims at over 15% of revenues from Asia Pacific by 2014, says chairman Irene Chen, Taipei; Adam Hwang, DIGITIMES [Monday 28 November 2011] Netgear, a California-based vendor of networking/communication equipment, aims at revenues of US$2.0 billion by 2014, with the proportion coming from the Asia Pacific market expected to increase from 11-12% currently to more than 15%, according to company chairman and CEO Patrick Lo. For market segmentation, Netgear has strengthened its software capability through large investment in development of value-added software, Lo indicated. Netgear has a software R&D center at its headquarters in San Jose, two in China and one in Taiwan, Lo said. Netgear's competitiveness comes from reliability of its products. Lo indicated. Netgear products may be more expensive than competitions but Netgear adopts components of the best quality and th...