KING OF PRUSSIA, Pa., March 5, 2004 (PRIMEZONE) -- A new report on Enterprise Thin Clients from International Data Corporation has found that Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of award-winning software, services, and appliances for thin client computing, increased unit shipments 27% in 2003, significantly outpacing the industry as a whole, which increased a healthy 12%.
This solid growth enabled Neoware to gain market share in 2003, and solidify its position as a leader in the thin client appliance market, with the number two position in the U.S., Europe and worldwide. According to the IDC report, in 2003, Neoware grew its market share and retained its position as number two worldwide, with 50% greater market share than third-ranked Hewlett-Packard (NYSE:HPQ). Compared to Wyse Technology and Hewlett Packard, the other "first tier" thin client providers, Neoware gained market share during the year, while Wyse lost share and Hewlett Packard's share grew only slightly.
"Adoption of thin clients continues to grow at a healthy rate," commented Robert O'Donnell, Senior Analyst of International Data Corporation. "Enterprises are increasingly turning to thin clients to solve the security, manageability, reliability and cost issues inherent in large, distributed networks of personal computers. These benefits are real, and they are driving the growth that thin client vendors are experiencing."
According to Neoware Chairman and CEO Michael Kantrowitz, "Enterprises are increasingly embracing the benefits of thin client computing -- enhanced security, lower cost, superior manageability and greater reliability. Neoware's customers gain real value from our use of open, standards-based technologies and the fact that we consciously build obsolescence out of our products, unlike many of our competitors who continue to promote proprietary solutions that lock customers into costly, vendor-specific technologies. These design philosophies, coupled with our global expertise and leadership in server-based computing, have enabled us to continue to gain market share, one satisfied customer at a time."
About Neoware
Neoware provides software, services, and solutions to enable Appliance Computing, a proven Internet-based computing architecture targeted at business customers that is designed to be simpler and easier than traditional PC-based computing. Neoware's software and management tools power and manage a new generation of smart computing appliances that utilize the benefits of open, industry-standard technologies to create new alternatives to personal computers used in business and a wide variety of proprietary business devices.
Neoware's products are designed to run local applications for specific vertical markets, plus allow access across a network to multi-user Windows servers, Linux servers, mainframes, minicomputers, and the Internet. Computing appliances that run and are managed by Neoware's software offer the cost benefits of industry-standard hardware and software, easier installation, and have lower up-front, maintenance, and administrative costs than proprietary or PC-based alternatives.
More information about Neoware can be found on the Web at http://www.neoware.com or via email at invest@neoware.com. Neoware is based in King of Prussia, PA.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding: our position as the leading supplier of software, products, services and solutions for the Appliance Computing market; the adoption and reasons for adoption of thin client Appliance Computing by enterprises; and the benefits of our business model allowing customers to lower ongoing costs of technology ownership. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include acceptance of our thin client products, pricing pressures, rapid technological changes in the industry, growth of the Appliance Computing market, increased competition, our ability to attract and retain qualified personnel, adverse changes in general economic conditions in the U.S. and internationally 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 report on Form 10-K for its fiscal year ended June 30, 2003 and Forms 10-Q for the quarters ended September 30, 2003 and December 31, 2003.
Neoware is a registered trademark of Neoware Systems, Inc. All other names products and services are trademarks or registered trademarks of their respective holders.