SiliconBeat

Netgear became the latest Silicon Valley public company to announce it will cut salaries for its executives. On Tuesday, the company’s board of directors approved a “temporary 10% reduction in the annual base salaries of all full time senior managers at the vice president level or above including the Chief Executive Officer, Chief Financial Officer and other Named Executive Officers,” according to a filing the company made Thursday.

News of the pay cuts was filed the same day the company Read the rest of this entry »

Netgear, the San Jose supplier of networking gear targeted for use by consumers and small businesses, pulled back its guidance for sales in its recently completed third quarter by about 15 percent, but says its operating margin — adjusted for some special items — will actually be higher. Huh? Read the rest of this entry »

Ah, what a difference four miles can make.

In an 8-k filed on Thursday, Netgear (ticker:NTGR) of Santa Clara disclosed that it plans to move its corporate headquarters to north San Jose. The company signed a lease for 142,000 square feet of office space on East Plumeria Drive. No doubt San Jose boosters are popping champagne corks as we speak.  

For our real estate obsessives out there, the lease says Netgear will pay $214,050 in monthly rent to start, or $1.50 per square foot.

Netgear, which makes networking products for the home, went public in mid-2003 and has seen its stock price about double since then.