KING OF PRUSSIA, Pa., July 14, 2005 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of enterprise software, thin client appliances and related services that make computing more open, secure, reliable, affordable, and manageable, today reported that the Company grew unit shipments at a faster rate than Wyse Technology and shipped more units than Hewlett-Packard in the first quarter of calendar 2005 compared to the first quarter of 2004, according to a recent report from International Data Corporation (IDC) on the thin client segment of the enterprise PC market.
According to IDC, thin client shipments in calendar Q1 grew by 19.3% compared to the prior year period and Neoware continued to take worldwide market share. Neoware's growth rate in shipments in Western Europe was more than 50% compared to the prior year, twice that of other suppliers, according to IDC. Customers continued to increasingly favor the top suppliers, with Wyse, Neoware and HP now accounting for 76.5% of all shipments.
"Neoware continues to gain market share, and continues to dominate the fast-growing Linux thin client segment, with nearly 50% market share and more than ten times the shipments of the other top suppliers, according to IDC's report," noted Michael Kantrowitz, Chairman and CEO of Neoware. "Neoware's innovative software and thin client products, coupled with local and responsive engineering resources, continue to place Neoware at the forefront in the minds of thin client computing buyers."
About Neoware
Neoware (Nasdaq:NWRE) is the leading provider of enterprise software, thin client appliances, and related services that make computing more open, secure, reliable, affordable and manageable. By employing open technologies and eliminating the obsolescence built into standard personal computer architectures, Neoware helps enterprises leverage server-based computing architectures to increase security and reliability, enhance flexibility, as well as lower their total cost of ownership.
Neoware's software products enable enterprises to gain control of their desktops, stream software on-demand, and to integrate mainframe, midrange, UNIX and Linux applications with Windows(r) environments and the Web. Its thin client appliances and software enable enterprises to run applications on servers and display them across wired or wireless networks on secure, managed, reliable appliances that cost as little as one-fourth the price of today's typical business personal computer. The company's global development, services, and support provide customers with customized solutions that facilitate their specialized computing needs.
Neoware's products are available worldwide from IBM, as well as from select, knowledgeable resellers. More information about Neoware can be found on the Web at http://www.neoware.com or via email at info@neoware.com. Neoware's global headquarters is in King of Prussia, PA.
Neoware is a registered trademark of Neoware Systems, Inc. TeemTalk is a registered trademark of Neoware UK. All other names products and services are trademarks or registered trademarks of their respective holders.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our increase in market share and the growth and our dominance of the Linux thin client segment. These forward-looking statements involve risks and uncertainties. Factors that could cause our actual results to differ materially from those predicted in such forward-looking statements include: the timing and receipt of future orders; our timely development and customers' acceptance of our products; pricing pressures; rapid technological changes in the industry; growth of overall thin client sales through the capture of a greater portion of the PC market, including sales to large enterprise customers; our dependence on our suppliers; our continued ability to sell our products through IBM and Lenovo to their customers; increased competition; our ability to attract and retain qualified personnel, including the former employees of the businesses we acquired; the economic viability of our suppliers and channel partners; adverse changes in customer order patterns; our ability to identify future acquisitions and to successfully consummate and integrate recently completed and future acquisitions (including the TeleVideo acquisition); adverse changes in general economic conditions in the U. S. and internationally; risks associated with foreign operations; and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Neoware's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its reports on Form 10-K for the year ended June 30, 2004 and Forms 10-Q for the quarters ended September 30, 2004, December 31, 2004 and March 31, 2005.
Neoware is a trademark of Neoware Systems, Inc. All other names products and services are trademarks or registered trademarks of their respective holders.