NetGear's revenues grew 14 percent in 2008's first quarter, to $198.2 million, though profits fell 20 percent to $11.2 million, largely due to a 17 percent increase in operating costs and sluggish U.S. and UK markets.
According to Computer Business Review, Patrick Lo, the company's chairman and CEO, says Netgear plans to release a dozen new products in Q2, including "products to strengthen our position in the SMB market."
It's already well on its way, having just made five SMB-centric product announcements at Spring Interop 2008 in Las Vegas, reports PC Magazine. Among the changes to its line of ProSafe Gigabit Smart Switches, the 24- and 48-port versions now offer static routing, which allows SMBs to more easily manage backbone and inter-VLAN traffic, freeing up bandwidth for essential user, security and WAN traffic.
Another new product is the ProSafe 802.11n Dual-Band Wireless Access Point (model number WNDAP330), priced at $475. According to PC Magazine, it will support 802.11n in either the 2.4GHz or 5GHz spectrums and offers enhanced updated security, PoE and management support. Netgear's director of product marketing says the product may help convince SMBs to move from 802.11 b/g to the speedier 802.11n.
NetGear is also updating its ReadyNAS line of products, adding a 6-bay desktop device with gigabit networking capabilities called ReadyNAS Pro.
Wireless networking gears for SMBs is a hot market right now, as IT Business Edge blogger Carl Weinschenk wrote in November.