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Atheros
Named to FORTUNE’s 100 Fastest-Growing Companies List
SANTA
CLARA, Calif., Sept. 22, 2008 — Atheros
Communications, Inc. (NASDAQ: ATHR), a leading developer
of advanced semiconductor system solutions for wireless
and wired communications, has been named to FORTUNE’s
100 Fastest-Growing Companies for 2008, ranking 19th on
the list.
Atheros supplies the world’s premier computing,
networking and mobile consumer electronics companies
with industry-leading WLAN solutions, and has expanded
its product portfolio to also feature high-performance
Ethernet, GPS and Bluetooth technologies. The company’s
market share gains in the wireless industry have led to
a three-year annual revenue growth rate of 44 percent,
which is a key measure in Fortune’s ranking criteria.
Atheros also achieved consecutive quarterly revenue
growth throughout the entire three-year Fortune
assessment period, June 30, 2005 to June 30, 2008.
“We are honored to receive this recognition by FORTUNE,
which validates Atheros’ achievements in providing great
communications solutions to our valued customers and
partners worldwide,” said Craig Barratt, president and
chief executive officer of Atheros. ”I want to thank
these important contributors to our success, as well as
Atheros’ employees whose hard work, dedication and skill
have made this achievement possible.”
Companies that qualify for
FORTUNE’s 100 Fastest-Growing Companies list must be
incorporated in the U.S.; have a minimum market
capitalization of $250 million; have a stock price of at
least $5; and have been trading continuously since June
30, 2005. In addition, qualifying companies must have
revenue and net income for the four quarters ended on or
before June 30, 2008, of at least $50 million and $10
million, respectively; and have posted a compound annual
growth in revenue and earnings per share of at least 25
percent annually over the three years ended on or before
June 30, 2008. All companies are ranked by their revenue
growth rate, their EPS growth rate, and their three-year
annualized total return to investors for the period
ended June 30, 2008. The overall rank is based on the
sum of the three ranks.
The list appears in the Sept. 29 issue of FORTUNE
magazine and online at:
http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2008/full_list/
About
Atheros Communications, Inc.
Atheros Communications is a leading
developer of semiconductor system solutions for wireless
and wired communications products. Atheros combines its
wireless and networking systems expertise with
high-performance radio frequency (RF), mixed signal and
digital semiconductor design skills to provide highly
integrated chipsets that are manufactured on low-cost,
standard complementary metal-oxide semiconductor (CMOS)
processes. Atheros technology is used by a broad base of
leading customers, including personal computer,
networking equipment and consumer device manufacturers.
For more information, please visit
www.atheros.com or
send email to
info@atheros.com
NOTE: Atheros and
the Atheros logo are trademarks of Atheros
Communications, Inc.
Note on
Forward-Looking Statements
Except for the
historical information contained herein, the matters set
forth in this press release are forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties that
could cause actual results to differ materially
including but not limited to the risks detailed in
Atheros’ Annual Report on Form 10-K for the year ended
December 31, 2007 and its Quarterly Reports on Form 10-Q
for the quarters ended March 31, 2008 and June 30, 2008,
as filed with the Securities and Exchange Commission,
and in other reports filed with the SEC by Atheros from
time to time. These forward-looking statements speak
only as of the date hereof. Atheros disclaims any
obligation to update these forward-looking statements.
Dakota Lee, 408-720-5597, dakota@atheros.com, or
Dan Muñoz, A&R Edelman for
Atheros , 650-762-2918,
dmunoz@ar-edelman.com
For
analyst inquires contact: David Allen, 408-830-5762,
david.allen@atheros.com.
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