Network Appliance Ranked Number One in Computer Peripherals Industry on Fortune's 2007 List of "America's Most Admired Companies"
Sunnyvale, Calif. - March 5, 2007 --
Network Appliance, Inc. (NASDAQ:
NTAP), a leader in advanced network storage solutions, announced
today that it is the most admired company in the computer
peripherals industry on FORTUNE's 2007 list of "America's Most
Admired Companies." NetApp earned an overall score of 8.10, and
achieved an industry number-one ranking in each of the following
eight areas: innovation; ability to attract, develop, and keep
talented people; financial soundness; use of corporate assets;
social responsibility; quality of management; long-term investment
value; and quality of products and services.
"We are pleased to have been recognized by our
peers for our corporate reputation in an industry-leading magazine
such as FORTUNE," said Dan Warmenhoven, CEO of Network Appliance.
"NetApp has always had a reputation for innovation, in our products
and in our business, but to be recognized for qualities such as
social responsibility; attracting, keeping, and developing talented
employees; and business acumen is truly an honor.
The list and related stories appear in the
March 19 issue of FORTUNE, on newsstands March 12 and currently
available online at www.fortune.com.
The "Most Admired" list is the definitive
report card on corporate reputations. The magazine's survey
partners at Hay Group started with the FORTUNE 1,000-the 1,000
largest U.S. companies ranked by revenue-and the top foreign ones
operating in the United States. Hay sorted them by industry and
selected the 10 largest in each. To create the 63 industry lists,
Hay asked executives, directors, and analysts to rate companies in
their own industry on eight criteria, from investment value to
social responsibility. Only the best are listed: a company's score
must rank in the top half of its industry survey.
To create the top 20, an overall list of most
admired companies, Hay Group asked the 3,322 executives, directors,
and securities analysts who had responded to the industry surveys
to select the top 10 companies they admired. They chose from a list
of companies that ranked in the top 25% in last year's survey, plus
those that finished in the top 20% of their industry. Anyone could
vote for any company in any industry. The difference in voting
rolls is why some results can seem anomalous; for example,
Southwest Airlines is one of the top five most admired companies
but is second in its own industry.
A total of 616 companies in 68 industries were
surveyed. Due to insufficient response, the results of 29 companies
in seven industries are not reported: healthcare, pharmacy and
other services, home equipment, furnishings, precision equipment,
tobacco, and printing. Thus, 3M is number 14 on the overall list
even though its industry-precision equipment-did not have enough
responses to merit a category.
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
Network Appliance, Inc.