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Netgear (NTGR +6.6%) is aiming to generate $2B in revenue in 2014, claims CEO Patrick Lo - that...
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Monday, November 28, 2011, 10:03 AM ETNetgear (NTGR +6.6%) is aiming to generate $2B in revenue in 2014, claims CEO Patrick Lo - that figure implies 69% growth from $1.18B analysts expect Netgear to deliver in 2011. Lo is counting on Netgear's heavy software R&D investments to help achieve that goal; the company is working to shed its reputation a provider of commodity networking gear, and thereby sell more costly hardware.
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