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Technology Stocks : F5 Networks, Inc. (FFIV)

FFIV 249.04

-1.6%

Nov 3 9:30 AM EST

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To: JakeStraw who wrote (1644)	4/8/2009 3:29:16 PM
From: Moonray	Read Replies (1) of 1801

F5 Network to ramp up investment in China Last Updated(Beijing Time):2009-02-27 08:40 US-based F5 Network plans to ramp up investment in China as the demand for cost-savings is on a rise amid a slowing economy. The network application delivery company plans to expand research capabilities and launch new products to cater to the need from corporate clients to cut costs in a bid to cope with a slowing economy, said F5 Network President and CEO John McAdam. McAdam said China, which has the world's largest online population, accounts for about seven percent of F5's business globally. As a company that provides products and services that help companies reduce the number of servers deployed and cut their cost in bandwidth, F5 posted revenue of $165.6 million in the first quarter of this year, up 7.4 percent year-on-year. He said F5 will continue to record a robust growth in China this year as Chinese Government has announced a slew of economic stimulus plans. China plans to spend 280 billion yuan in building the third-generation mobile phone networks in two years, which could benefit companies such as F5, McAdam said. Source:chinadaily.com.cn o~~~ O

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