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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (33343)	8/22/2001 8:23:46 AM
From: puborectalis	Respond to of 37746

F5 Networks Rises to No. 2 Spot in the Layer 4/7 Server Load Balancing Switch and Appliance Market In Tough Economic Times, F5 is the Only iTCM Vendor to Experience Consecutive Quarterly Growth in Product Revenue and Market Share in 2001, Overtaking Nortel SEATTLE--(BUSINESS WIRE)--Aug. 22, 2001-- F5 Networks, Inc. (NASDAQ:FFIV - news), the leading provider of Internet Traffic and Content Management (iTCM) products, today announced that F5 has displaced Nortel Networks for the number two position in the Layer 4/7 Server Load Balancing Switch and Appliance market, according to the recent Dell'Oro Group Report(1). In a challenging economy, F5 continues to perform as the only iTCM vendor that has grown every quarter in both product revenue and market share in 2001. ``F5's steady success in the market is due to our continued focus on our customers and addressing their requirements with innovative iTCM solutions that enable them to lower their total cost of ownership for their network infrastructure,'' said John McAdam, president and CEO of F5 Networks. ``Our customers, large global enterprises and service providers, have not halted the deployment of their e-business initiatives, but rather they're looking to F5 to help them execute on their vision in a smart, cost-effective manner. We've established a great reputation for executing on our promise of providing an integrated suite of products and support services that bring superior reliability, uptime and performance for mission-critical networks. And our market position based on revenue, second only to Cisco, is a powerful indicator of the market's vote of confidence in F5's complete solution.'' According to the Dell'Oro report, in the second quarter of 2001, sales of F5's traffic management products represent 16.5% of the market, up from 13.9% the previous quarter. And, F5 has experienced two consecutive quarters of growth, attaining $21.3 million in revenue for the second quarter, while Cisco's and other competitors' product revenues have declined or remained flat over the last two quarters. The Dell'Oro Report measured market share based on revenue attainment for all the major Layer 4/7 server load balancing switch and appliance manufacturers. Additionally, in the Layer 4/7 server load balancing appliance market, F5 remains ranked number one, increasing its market share to 63 percent; widening the gap between all of the company's competitors.