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Deloitte’s 2007 Technology Fast 500 Ranks NetLogic Microsystems the 50th Fastest Growing Company and the 3rd Fastest Growing Semiconductor Company in North America
Company Achieves 3,244 Percent Revenue Growth from 2002-2006
Mountain View, Calif. – Oct. 23, 2007 – NetLogic Microsystems, Inc. [NASDAQ: NETL], the leader in the design and development of knowledge-based processors, today announced that it ranked 50th on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Deloitte’s 2007 Technology Fast 500 also ranked NetLogic Microsystems as the 3rd fastest growing semiconductor company. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. NetLogic Microsystems grew 3,244 percent during this period.
"Deloitte’s Technology Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate NetLogic Microsystems on their extraordinary growth in a highly competitive market."
“We are honored to be included in Deloitte’s 2007 Technology Fast 500 ranking, and we are very proud of this significant accomplishment,” said Ron Jankov, president and CEO of NetLogic Microsystems. “Our phenomenal revenue growth over the past five years is a reflection of our employees’ talent and dedication, along with our customers’ support and commitment as we continue to be the worldwide leader in knowledge-based processors.”
Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.
NetLogic Microsystems’ knowledge-based processors are designed into systems offered by leading OEMs worldwide, including AlaxalA Networks Corporation, Alcatel-Lucent, ARRIS Group Inc., Cisco Systems, Inc., Ericsson, Foundry Networks, Inc., Force10 Networks, Fujitsu Limited, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Motorola, Inc., Nokia Siemens Networks, Nortel Networks Limited, and Tellabs, Inc.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About NetLogic Microsystems
NetLogic Microsystems, Inc. (NASDAQ:NETL - News), a fabless semiconductor company headquartered in Mountain View, California, designs, develops and markets high performance knowledge-based processors for a variety of advanced wireline and mobile wireless networking systems, such as routers, switches, wireless infrastructure equipment, network security appliances, network access equipment and networked storage devices. NetLogic Microsystems' knowledge-based processors employ an advanced processor architecture and a large knowledge or signature database containing information on the network, as well as applications and content that run on the network, to make complex decisions about individual packets of information traveling through the network. Knowledge-based processors from NetLogic Microsystems significantly enhance the ability of networking original equipment manufacturers (OEMs), to supply network service providers with systems offering more advanced functionality for the Internet, such as high-definition video delivery over the Internet (IPTV), voice transmission over the Internet (VoIP), unified threat management (UTM), virtual private networks (VPN), rich content delivery over mobile wireless networks, and streaming video and audio. For more information about products offered by NetLogic Microsystems, call 650.961.6676 or visit the NetLogic Microsystems Web site at http://www.netlogicmicro.com.
NetLogic Microsystems, the NetLogic Microsystems logo, and NETL7 are trademarks of NetLogic Microsystems, Inc. All other trademarks are properties of their respective owners.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
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"Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding NetLogic Microsystems’ business which are not historical facts may be "forward-looking statements” that involve risks and uncertainties. Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to, customer acceptance and demand for our products, the volume of sales to our principal product customers, manufacturing yields for our products, the timing of manufacture and delivery of product by our foundry suppliers, the length of our sales cycles, our average selling prices, the strength of the OEM networking equipment market and the cyclical nature of that market and the semiconductor industry. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors” in the Company's reports on Forms 10-K and 10-Q, as well as other reports that NetLogic Microsystems files from time to time with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and NetLogic Microsystems undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.
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