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Technology Stocks : NetVantage (NETVA) -- fastest growing switch co. -- Ignore unavailable to you. Want to Upgrade?

To: Ardee who wrote (244)	2/25/1998 9:14:00 AM
From: Ardee	Read Replies (1) \| Respond to of 278

To All, NetVantage Announces First Order for New NV9224 Fast Ethernet Switch EL SEGUNDO, Calif.--(BUSINESS WIRE)--Feb. 25, 1998--NetVantage Inc. (Nasdaq:NETVA - news) Wednesday announced that it has received the first order for its new NV9200 family of 10/100/1000 Mbps workgroup switches. The order for the 24 port 10/100 Mbps NV9224 model comes from an existing NetVantage OEM customer. ''This order represents yet another milestone in our development of best-in-class Ethernet workgroup switches,'' said Stephen R. Rizzone, NetVantage's president and chief executive officer. ''The product has performed strongly during evaluation with potential customers. OEM market enthusiasm for the switches has been very positive and we expect additional orders from customers.'' The NV9200 family of products fill a high-opportunity market niche. The switches, powered by the NetVantage-developed Cyclone switch ASIC, are targeted for use in high-end desktop, workgroup and local backbone applications. They support combinations of up to 24 autosensing 10/100Base-T ports and two Gigabit Ethernet ports. Future support for ATM OC-3 and OC-12 uplinks is built in. Total switching capacity is in excess of 6.5 million packets per second. The NV9200 family has been designed to address the increased demand for Fast Ethernet switching in today's corporate networks, stemming from the rapid growth and popularity of the Internet and of corporate intranets, as well as new, high-bandwidth applications to the desktop. The NV9200's high level of performance, along with its flexible, scaleable architecture, allows the product to meet the requirements of these new applications. NetVantage is the leading OEM supplier of workgroup and desktop Ethernet switches. The company develops, manufactures and markets high quality, technologically advanced Ethernet workgroup switching systems designed to increase the information handling capacity of local area networks. NetVantage provides its customers with highly reliable, cost effective and full-featured switching solutions to complement its networking product lines. The statements in this news release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, development of markets for the company's products and services and other risks identified in the company's Securities and Exchange Commission filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. ARDEE