NetApp and Oracle Agree to Dismiss Lawsuits
SUNNYVALE, Calif. - September 9, 2010
- NetApp (NASDAQ: NTAP) today announced that both parties
have agreed to dismiss their pending patent litigation, which began
in 2007 between Sun Microsystems and NetApp. Oracle and NetApp seek
to have the lawsuits dismissed without prejudice. The terms of the
agreement are confidential.
"For more than a decade, Oracle and NetApp
have shared a common vision focused on providing solutions that
reduce IT cost and complexity for thousands of customers
worldwide," said Tom Georgens, president and CEO of NetApp. "Moving
forward, we will continue to collaborate with Oracle to deliver
solutions that help our mutual customers gain greater flexibility
and efficiency in their IT infrastructures."
NetApp creates innovative storage and data management solutions
that accelerate business breakthroughs and deliver outstanding cost
efficiency. Discover NetApp's passion for helping companies around
the world go further, faster at www.netapp.com/au.
"Safe Harbor" Statement Under U.S.
Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements include statements regarding our partnership with
Oracle, and the benefits that we expect our customers to realize
from that partnership. These forward-looking statements involve
risks and uncertainties, and actual results could vary. Important
factors that could cause actual results to differ materially from
those in the forward-looking statements include our ability to
maintain our relationship with Oracle, our ability to design
products and services that compete effectively from a price and
performance perspective, increased competition risks associated
with the anticipated growth in the network storage market, and
other important factors as described in NetApp reports and
documents filed from time to time with the Securities and Exchange
Commission (SEC), including the factors described under the
sections captioned "Risk Factors" in our most recently submitted
10-K and 10-Q. We disclaim any obligation to update information
contained in these forward-looking statements whether as a result
of new information, future events, or otherwise.
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