NetApp Completes Sale of NetCache Assets to Blue Coat Systems, Inc.
Sunnyvale, Calif. - September 11, 2006
-- Network Appliance, Inc. (NASDAQ:NTAP), the leader in
advanced networked storage solutions, today announced that it has
completed the sale of a substantial portion of its NetCache™
assets to Blue Coat® Systems (NASDAQ: BCSI). 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
here.
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 that simplify data management. Information about Network
Appliance™ solutions and services is available at
www.netapp.com.
"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 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 any obligation to
update information contained in these forward-looking statements
whether as a result of new information, future events or
otherwise.
Press Contact:
Jodi Baumann
Network Appliance, Inc.
(408) 822-3974
jodi@netapp.com
Investor Contact:
Tara Calhoun
Network Appliance, Inc.
(408) 822-6909
tara@netapp.com