Netgear 2006 Annual Report Download - page 14

Table of Contents
David Soares has served as our Senior Vice President of Worldwide Sales and Support since August 2004. Mr. Soares
joined us in January 1998, and served as Vice President of EMEA sales from December 2003 to July 2004, EMEA Managing
Director from April 2000 to November 2003, United Kingdom and Nordic Regional Manager from February 1999 to March
2000 and United Kingdom Country Manager from January 1998 to January 1999. Prior to joining us, Mr. Soares was at
Hayes Microcomputer Products, a manufacturer of dial-up modems. Mr. Soares attended Ridley College, Ontario Canada.
Michael A. Werdann has served as our Vice President of Americas Sales since December 2003. Since joining us in 1998,
Mr. Werdann has served as our United States Director of Sales, E-Commerce and DMR from December 2002 to 2003 and as
our Eastern regional sales director from October 1998 to December 2002. Prior to joining us, Mr. Werdann worked for three
years at Iomega Corporation, a computer hardware company, as a sales director for the value added reseller sector.
Mr. Werdann holds a B.S. Degree in Communications from Seton Hall University.
Deborah A. Williams has served as our Senior Vice President, Marketing and Chief Marketing Officer since September
2006. From 1984 through 2005, Ms. Williams worked at Hewlett-Packard Company, a computer and test equipment
company, where she held various executive-level marketing positions, most recently as Vice President of Marketing for the
Business Imaging and Printing Global Business Unit. Ms. Williams previously served as Vice President of Marketing of the
LaserJet Supplies Division, Vice President of Category Operations and Marketing of the Supplies Global Business Unit,
Director of Marketing of the DeskJet Printers Division, Director of Consumer Marketing of the European Peripherals Group,
and Director of Support of the European Computer Products Sales Unit. Ms. Williams holds a B.A. in Industrial Distribution
from Clarkson University, and an M.B.A. from the J.L. Kellogg Graduate School of Management.
Investing in our common stock involves a high degree of risk. The risks described below are not exhaustive of the risks
that might affect our business. Other risks, including those we currently deem immaterial, may also impact our business. Any
of the following risks could materially adversely affect our business operations, results of operations and financial condition
and could result in a significant decline in our stock price.
We expect our operating results to fluctuate on a quarterly and annual basis, which could cause our stock price to
fluctuate or decline.
Our operating results are difficult to predict and may fluctuate substantially from quarter-to-quarter or year-to-year for a
variety of reasons, many of which are beyond our control. If our actual revenue were to fall below our estimates or the
expectations of public market analysts or investors, our quarterly and annual results would be negatively impacted and the
price of our stock could decline. Other factors that could affect our quarterly and annual operating results include those listed
in this risk factors section of this Form 10-K and others such as:
10
Item 1A.
Risk Factors
•
changes in the pricing policies of or the introduction of new products by us or our competitors;
• changes in the terms of our contracts with customers or suppliers that cause us to incur additional expenses or assume
additional liabilities;
• slow or negative growth in the networking product, personal computer, Internet infrastructure, home electronics and
related technology markets, as well as decreased demand for Internet access;
• changes in or consolidation of our sales channels and wholesale distributor relationships or failure to manage our sales
channel inventory and warehousing requirements;
•
delay or failure to fulfill orders for our products on a timely basis;
•
our inability to accurately forecast product demand;
•
unfavorable level of inventory and turns;
• unanticipated shift in overall product mix from higher to lower margin products which would adversely impact our
margins;