Netgear 2003 Annual Report Download

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Everybody’s connecting.TM
2003

Table of contents

  • Page 1
    2003 E v e r y b o d y 's c o n n e c t i n g. TM

  • Page 2
    Steve figures he'll have over 200 coworkers networked by year's end.

  • Page 3

  • Page 4
    Jon follows ball games from just about anywhere but the bleachers.

  • Page 5

  • Page 6
    4 Today, more than ever, businesses and consumers worldwide, are taking advantage of the free-flow exchange of information, high speed internet access and an expanding wireless environment. They're doing it with products designed to meet individual networking needs. They're doing it with products ...

  • Page 7
    ..., develop and market technologically advanced, branded networking products. Our suite of over 100 products enables users to share internet access, peripherals, files, digital multimedia content and applications. Ease-of-use. Reliability. Per formance. Value. With NETGEAR, ever ybody's connecting.

  • Page 8
    Joe listens to his digital music collection from ever y stereo in the house. Joanna prefers to read.

  • Page 9

  • Page 10
    Nancy knows her business r uns more smoothly in a secure, wireless environment.

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  • Page 12
    10 32% Networked small-to-medium businesses in the U.S. 123,800,000 Projected worldwide shipments of wireless L AN equipment in 2006 132,486 Projected Wi-Fi hot spots by 2004

  • Page 13
    11 8% Networked homes in the U.S. 183,900,000 Projected broadband connections by 2006 25x Increased speed of broadband connections over dial-up modems

  • Page 14
    ... we compete in: Wireless L AN , Broadband Routers and Gateways, and Unmanaged Switches. 2003 was also the year when NETGEAR collaborated more e x t e n s i v e l y w i t h b r o a d b a n d s e r v i c e p r ov i d e r s a r o u n d t h e world, such as Time Warner Cable, Comcast, Telecom Denmark...

  • Page 15
    ... technology companies to go public in 2003, and one of the first Silicon Valley companies to complete a placement after a long drought, NETGEAR is excited about the enormous amount of interest in the global marketplace. Recognized as the fastest growing wireless company worldwide in 2003 by Synergy...

  • Page 16
    .... Technologies that only used to be available to enterprises are now found in small-to-medium business and even homes. Innovations that help make customers leaders in their industries also simplify the lives of their families. NETGEAR is first to deliver the products that matter to the marketplace.

  • Page 17
    ... touch of sales and ser vice offices across continents, customers can count on NETGEAR to deliver no matter where they are located. With thousands of channel par tnerships reaching millions of individual customers in unique ways, NETGEAR has become a leader around the world. The right people in the...

  • Page 18
    ...measured by revenue per employee ($1.6 million in 2003) is the highest in the networking industr y. We have a unique R&D model that is premised on co-operative development with our hardware and software technology par tners, including both star t-ups and established players. We were the pioneers in...

  • Page 19
    ... set up procedure, the per formance quality brand recognized worldwide. or the reliability of NETGEAR products, our engineers put in t h e b e s t p o s s i b l e , t h u s w i n n i n g r a ve re v i e w s a n d a w a rd s worldwide. As a matter of fact NETGEAR has been rated by both PC World and...

  • Page 20
    ...from Jonathan Building shareholder value is an important objective for m a n a g e m e n t . Fiscal 2003 was an impressive and exciting year for NETGEAR . We became a public company in July 2003. We grew our revenue 26%. We significantly improved our gross margin and we introduced a broad portfolio...

  • Page 21
    ...01 02 03 Consolidated Statement of Operations Data: Net revenue Gross profit Net income (loss) attributable to common ...term investments Working capital Total assets Total current liabilities Redeemable convertible preferred stock Total stockholders' equity (deficit) $ 9,152 16,179 62,902 ...

  • Page 22
    ...Product Line Business Wireless Networking Products Consumer Access Points Adapters Access Points Adapters Antenna Music/ Media Player Bridges Broadband Products Fire wall VPN Routers Routers Gate ways Ether net Networking Products Switches Adapters Switches Adapters Print Ser vers...

  • Page 23
    ... Great America Parkway Santa Clara, CA 95054 (408) 907-8000 www.netgear.com Foreign Offices Europe, Middle East and Africa France Germany Italy Spain Sweden United Kingdom A sia Pacific Australia China Hong Kong India Japan Korea Taiwan Design: Weymouth Design, San Francisco, CA. Photography: Aida...

  • Page 24
    4500 Great America Parkway Santa Clara, CA 95054 w w w. n e t g e a r. c o m Kathleen shares her latest vacation photos with just about ever yone.