NetApp Completes Sale of NetCache Assets to Blue Coat Systems, Inc.SUNNYVALE, Calif. -- Network Appliance (1) A specialized device for use on a network. For example, Web servers, cache servers and file servers can be implemented as general-purpose computers with the appropriate software or as network appliances, which are computers dedicated to a single function and cannot do anything , Inc. (Nasdaq:NTAP NTAP Network Appliance, Inc. (stock symbol) NTAP Never Take Another Puff NTAP National Track Analysis Program NTAP Notices to Airmen Publication NTAP Windows NT Application Processors NTAP Naval Training Acquisition Process ), the leader in advanced networked storage solutions, today announced that it has completed the sale of a substantial portion of its NetCache(TM) assets to Blue Coat(R) Systems (Nasdaq:BCSI BCSI Building Scalable Cisco Internetworks ). NetApp will continue to support existing customers' NetCache appliances for the duration of their support contracts, and will honor all currently existing NetCache customer commitments. NetApp considers the transaction to be immaterial to expectations for its business going forward. For more information regarding this transaction, please see the press release of June 23, 2006 at http://www.netapp.com/news/press/news_rel_20060623. About Network Appliance Network Appliance is a world leader in unified storage The capability of combining different data formats such as files, folders, contacts and e-mail messages into collections that can be viewed and manipulated as one group. See WinFS. solutions for today's data-intensive enterprise. Since its inception in 1992, Network Appliance has delivered technology, product, and partner firsts that simplify data management. Information about Network Appliance(TM) solutions and services is available at www.netapp.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include Network Appliance's expectation that it will continue to support all currently existing NetCache customers after the closing of the transaction and the expectation that the transaction will not be material to Network Appliance's future business results. These forward-looking statements involve risks and uncertainties, and actual results may vary significantly. Factors that could impact our ability to achieve our goals include the risk that some NetCache customers may not react positively to our sale of the NetCache business, the risk that the transaction could negatively impact our sales to customers in our core businesses and other important factors as described in Network Appliance, Inc.'s reports and documents filed from time to time with the Securities and Exchange Commission, including our most recently submitted 10-K and 10-Q. We disclaim dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. any obligation to update information contained in these forward-looking statements whether as a result of new information, future events or otherwise. NetApp is a registered trademark and Network Appliance and NetCache are trademarks of Network Appliance, Inc. in the U.S. and other countries. Blue Coat is a registered trademark of Blue Coat Systems. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion