NetApp to Repurchase $200 Million of Common Stock

NetApp, Inc. intends to repurchase an aggregate of $200 million of its common stock under its preexisting stock repurchase program, beginning in July 2011.

After the completion of this transaction, $900 million will remain in the preexisting authorization. NetApp will, from time to time, purchase shares of common stock, subject to prevailing market conditions, in open market or privately negotiated transactions.