NETGEAR was founded in 1996 and today is a leading manufacturer of a variety of computer hardware products and computer networking equipment. The company started as a subsidiary of Bay Networks, and was acquired by Nortel in 1998. They eventually became their own independent company in February 2002, when they left Nortel. A year after becoming independent from Nortel, NETGEAR went public on July 31, 2003. The price was $14 per share after reporting a net income of $1.6 million in the first quarter operating as an independent company. Today, NETGEAR is publicly traded on NASDAQ under the symbol NTGR and provides products for home, for businesses, and for service providers. Some of the products that NETGEAR offers includes: switches, unified network storage systems, wifi networking products, network management tools, network security, mobile broadband devices, wifi routers, powerline and MoCA adapters, WiFi adapters, etc. The company is headquartered in San Jose, California, but has offices in 15 other countries. For the year 2013, NETGEAR reported a revenue of $1.37 billion, which was an increase from the previous year, when they reported revenue of $1.27 billion in 2012. The current CEO of NETGEAR is Patrick Lo, who is the co- founder of NETGEAR. The company operates under five main pillars, which includes: ethics, labor & dignity, regulatory & environmental compliance, health & safety, and management systems. NETGEAR is aware of its commitment to social responsibility and its commitment as a global business.