HP grows as a leading network provider; Customers invest in networking despite industry slowdown.

0 Comments | M2 Presswire, October, 2001

M2 PRESSWIRE-2 October 2001-Hewlett-Packard: HP grows as a leading network provider; Customers invest in networking despite industry slowdown (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:02102001 PALO ALTO, Calif. -- Hewlett-Packard Company (NYSE:HWP) today announced significant growth in its share of the networking market during the second quarter of the 2001 calendar year.

According to the Dell'Oro Group, HP Procurve network Ethernet switches moved up to the No. 3 position in 10/100 Ethernet switching(1). The 10/100 switch market makes up approximately 60 percent of the overall Ethernet market in terms of revenue^(2). HP's port shipments grew 30 percent in this category from Q1 to Q2 versus an overall market decline of 10 percent during the same...