IXIA INC (XXIA) - 500 Beiträge pro Seite

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Profile:Ixia is a provider of systems that allow its customers to measure the performance of their data communications equipment and networks. The Company`s systems generate and analyze data traffic, including Voice over IP traffic, which sends voice communication over data networks using a protocol known as the Internet Protocol (IP). The networks the Company`s systems analyze include advanced optical networks, such as Packet Over SONET networks, which transmit packets of information over high-speed optical networks. Other networks include Gigabit Ethernet networks, which carry data traffic over optical fiber as well as over electrical cable and are typically used within a single building or a group of buildings. The Company`s systems are highly modular, scalable and easy to use.
http://www.ixiacom.com

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Ixia Introduces the Industry`s First Fully Integrated OC-192c Packet Over SONET, OC-192c BERT and 10GBASE-W WAN Analysis Solution, as Well as a Family of 10GbE Products
Gigabit Ethernet Conference, April 24-26, 2001, San Jose, Parkside Hall, Booth No. 510-512
SAN JOSE, Calif.--(BUSINESS WIRE)--April 25, 2001-- Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multi-port network performance analysis systems, today introduced the industry`s first fully integrated OC-192c Packet Over SONET, OC-192c BERT and 10GBASE-W WAN analysis solution within a single interface Load Module.

This innovative Load Module provides an economical alternative to requiring separate OC-192c Packet Over SONET, OC-192c BERT and 10GBASE-W WAN Load Modules. The Ixia Load Module is designed to significantly enhance the time-to-market and interoperability of 10GbE equipment, applications and services being developed and deployed by Optical Chip and Component Manufacturers, Internet and Network Service Providers, Network Equipment Manufacturers and Enterprise Users.

In addition, Ixia is introducing a comprehensive, full wire-speed 10 Gigabit Ethernet (10GbE) family of performance verification products capable of generating and analyzing up to 15 million packets per second on each port. Ixia`s new family of 10GbE Load Modules support IEEE 802.3ae compliant optical interfaces such as 10GBASE-R LAN, 10GBASE-X LAN WDM and 10GBASE-W WAN, as well as electrical interfaces such as XGMII and XAUI. These highly innovative Load Modules enable performance verification of 10GbE PHYs, transceivers, switches and routers utilized in the LAN, MAN and WAN environments.

``We are extremely pleased to continue delivering solutions for testing next-generation networks with the introduction of our new family of 10GbE Load Modules,`` said Eran Karoly, vice president of marketing for Ixia. ``The Load Modules offer our customers a complete solution for testing both IEEE 802.3ae compliant electrical and optical interfaces. In addition, the Load Modules enable heavy traffic generation via an easy-to-use GUI, which makes real-world analysis scenarios not only possible, but simple to set up.``

The 10GbE Load Modules can be utilized within the IXIA 1600T and IXIA 400C chassis, offering sophisticated traffic generation and analysis of 10 Gigabit Ethernet devices and networks. Up to ten 10GBASE-X LAN WDM ports and up to sixteen 10GBASE-R LAN, 10GBASE-W WAN, XAUI, or XGMII ports can be supported in a single IXIA 1600T chassis. Further scalability is provided by combining up to 256 chassis in a single chassis cluster, which is capable of delivering thousands of 10 Gigabit Ethernet ports, all synchronized with a distributed clock or via GPS.

The 10GbE Load Modules operate seamlessly with Ixia`s other Load Modules, such as Gigabit Ethernet over copper and fiber, 10/100/1000 Mbps Ethernet, OC-3c/OC-12c/OC-48c/OC-192c Packet Over SONET and OC-48c/OC-192c BERT optical interface Load Modules.

About Ixia

Ixia delivers powerful, distributed multi-port traffic generators and performance analyzers for wire-speed testing and verification of today`s advanced optical networking equipment, LAN and WAN multi-layer switches, and cable television Internet products, utilizing Packet Over SONET, 10 Gigabit Ethernet, Gigabit Ethernet over copper and fiber, 10/100/1000 Mbps Ethernet and USB interfaces.

Its products are distinguished by their accuracy and reliability; high port density; and diversity of support for emerging, high-speed interfaces and protocol standards, as well as by their adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, Calif. 91302; 818/871-1800, Fax: [phone]; e-mail: [e-mail] or visit the Web Site at http://www.ixiacom.com.


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Contact:

Ixia, Calabasas
818/871-1800
Frank Zajaczkowski, [e-mail]
Lori Choi, [e-mail]

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Ixia Announces Optixia, the Networking Industry`s First Performance Verification Platform with up to 480 Analysis Ports in a Single Chassis
Networld + Interop, May 8-10, 2001, Las Vegas Convention Center, Booth No. 4129
LAS VEGAS--(BUSINESS WIRE)--May 7, 2001-- Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multi-port network performance analysis systems, today introduced Optixia, the industry`s first network performance analyzer and traffic generator to offer up to 480 ports of 10/100 Mbps Ethernet or 240 ports of Gigabit Ethernet in one chassis.

This innovative performance analysis platform is targeted at the urgent analysis needs of Network Equipment Manufacturers and Carriers for extremely high port count next generation switches and routers at the point of convergence in today`s LAN, MAN and WAN environment.

``Optixia offers our customers the kind of comprehensive solution for performance verification that simply wasn`t available before,`` said Errol Ginsberg, president and chief executive officer of Ixia. ``As the need for very high port count networks and network equipment increases, Optixia offers the highest port density network analysis platform ever created.``

The Optixia platform supports new 10/100 Mbps Ethernet, Gigabit Ethernet and 10/100/1000 Mbps Ethernet interface Load Modules, with all ports generating and analyzing traffic at full line rate. Optixia also supports Ixia`s existing interface Load Modules, including OC-3c/12c/48c/192c Packet Over SONET, OC-48c/OC-192c BERT, 10/100/1000 Mbps Ethernet and USB interfaces.

``At Ixia, we`re committed to the long term and the immediate requirements of our customers, and we`re dedicated to facilitating their migration strategies,`` added Ginsberg. ``To protect our customer`s investment in existing Ixia analysis tools, Optixia provides seamless compatibility with the wide range of Ixia`s current Load Modules, and our configuration and management software.``

With the increasing complexity of today`s networks, Optixia offers not only unprecedented port density, but incorporates a RISC processor per port to enable verification of sophisticated networking protocols such as BGP-4, MPLS RSVP-TE, OSPF, IS-IS and RIP, as well as application stressing of Web server load balancers.

Optixia integrates both high-end, fully featured performance analysis ports aimed at the development environment and low cost full-line rate ports designed to support performance validation in the manufacturing arena.

Optixia is a rack-mountable chassis with all connectivity located at the front of the unit, including a management module, which incorporates dual Pentium class processors. It is designed for uninterrupted operation in environments that require scalable, flexible and modular testing platforms.

To meet these requirements, Optixia incorporates redundant power supplies and hot-swappable interface Load Modules. Additionally, Optixia allows multiple users to take ownership of individual ports within the same chassis, maximizing testing resources while minimizing expenditures.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed multi-port traffic generators and performance analyzers for wire-speed testing and verification of today`s advanced optical networking equipment, LAN, WAN, MAN multi-layer switches, and cable television Internet products, utilizing Packet Over SONET, 10 Gigabit Ethernet, Gigabit Ethernet over copper and fiber, 10/100/1000 Mbps Ethernet, and USB interfaces.

Its products are distinguished by their accuracy and reliability; high port density; and diversity of support for emerging, high-speed interfaces and protocol standards; as well as by their adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; e-mail: [e-mail] or visit the company`s Web Site at http://www.ixiacom.com.

The Ixia logo is a registered trademark of Ixia. Ixia and Optixia are trademarks of Ixia.


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Contact:

Ixia, Calabasas
Frank Zajaczkowski/Lori Choi, 818/871-1800,
[e-mail]
[e-mail]

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Stock Screen: It`s better to receive
By Lisa Meyer
Red Herring
May 10, 2001

R&D REJUVENATION
Even in an economic slowdown, companies can`t afford to mortgage their futures by cutting back on research and development: this philosophy is the basis of Ixia`s business model. Ixia provides systems that allow customers like Cisco and Nortel to measure the performance of their data communications equipment and networks during the development stage.

Evidence that R&D is still alive, even in the current tough climate, Ixia has added close to 100 new customers over the last six months. Analysts also expect that a couple of new testing products will help Ixia attract even more clients. The first, an OC-192 card, is used to measure the performance of backbone routers, and, the second, big error rate tester (BERT), generates traffic and then tests for errors on that traffic. BERT opens up a new customer base for Ixia: optical switch vendors like Ciena (Nasdaq: CIEN) and Sycamore Networks (Nasdaq: SCMR). Ixia is also penetrating new accounts within each customer, selling equipment to various divisions of a single company.

"That is where the value-add of the product comes in," says Seth Weber, analyst at Merrill Lynch. "Going forward, about half of the company`s growth will come from new products, and the other half will come from ongoing sales of legacy products."

The company does face some competition from Agilent (NYSE: A) and Netcom Systems, owned by Britain`s Spirent. "Ixia`s recent growth suggests that it is making good progress in penetrating new accounts and perhaps taking market share from competition," Mr. Weber says.

As a result, Ixia still sees high demand for its products. With sales of $94 million in the last 12 months and receivables of $12 million in its latest quarter, the company has an accounts receivable turnover ratio of 8. Ixia`s DSO is just 56. To add to the good news, Ixia is expected to grow its earnings by 35 percent in 2002. Such growth is even more attractive when coupled with a 2002 P/E ratio of only 25.

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Ixia Revises Guidance for Second Quarter 2001
CALABASAS, Calif.--(BUSINESS WIRE)--May 31, 2001--Ixia (Nasdaq: XXIA - news) today announced that the company has revised its guidance for its second quarter ending June 30, 2001. Due primarily to the continued slowdown in the telecommunications market, the Company anticipates that revenues will be in the range of $14.5 to $15.5 million and pro forma net income, excluding the effects of stock-based compensation, will be approximately $0.02 to $0.03 per share. Net loss, including the effects of stock-based compensation, is expected to be in the range of $0.02 to $0.03 per share.

``As we discussed during our last conference call, we had seen a significant decrease in Q1 and Q2 orders from our customers as many of them grappled with declining sales within a tougher telecommunications market,`` commented Errol Ginsberg, President and Chief Executive Officer of Ixia. ``This trend has worsened since then and, while interest in our products remains high from our users, their capital expenditures continue to be deferred. We do believe that once our customers have time to absorb the changes in the marketplace, we will see a pick-up in orders. At the same time, our visibility is extremely limited and we think it is prudent to guide numbers down until we see an increase in sales to our customers.``

``Our products continue to be integral to our customers` development of next generation technologies and our customers remain committed to continuing R&D spending. Additionally, we have added over 100 new customers in the last two reported quarters and have already introduced more new products in 2001 than we did in all of last year. These new products include our full wire-speed 10 Gigabit Ethernet (10GbE) family of performance verification products, our layer one BERT test capability on our OC48 and OC192 modules, our OC-192 for Packet over SONET applications, and our triple speed, Gigabit over copper interface. These facts, along with our continuing R&D effort, make us comfortable that we will emerge from this downturn as a stronger, well-positioned market leader. We currently expect to remain profitable, excluding the effects of stock-based compensation, in the near term, and, with over $100 million in cash, we have the resources to continue our strong R&D efforts and to explore new business opportunities,`` concluded Mr. Ginsberg.

Ixia will host a conference call today for analysts and investors to discuss this press release at 5:15 p.m. EDT. Open to the public, a live Web cast of the conference call will be accessible from the ``Investor Relations`` section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site for 5 days.

About Ixia

Ixia is a provider of high-speed multi-port traffic generation and network performance analysis systems for wire-speed verification of today`s advanced optical networking equipment, LAN and WAN multi-layer switches, and other broadband access devices, utilizing Packet Over SONET, Gigabit Ethernet over copper and fiber, and 10/100 Mbps Ethernet interfaces. Ixia`s products are distinguished by their accuracy and reliability, high port density and diversity of support for emerging, high-speed interfaces and protocol standards, as well as by their adaptability to the industry`s constant evolution.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as ``may,`` ``will,`` ``expect,`` ``plan,`` ``believe,`` ``estimate,`` ``predict`` or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2000. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.


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Contact:

Ixia
Tom Miller, 818/444-2325 (Chief Financial Officer)
[e-mail]
or
the blueshirt group
Chris Danne or Lyle Ross, 415/217-7722
chris or lyle @blueshirtgroup.com

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Ja Ja
wieder mal Insider die es vorher wußten das eine Warnung kommt!

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Ixia cuts Q2 earnings, revenue projections
CALABASAS, Calif., May 31 (Reuters) - High-speed data networking equipment provider Ixia Inc. (NasdaqNM:XXIA - news) said Thursday it had cut second quarter earnings and revenue projections due to a continued slowdown in the telecommunications market.

The company said it now projected revenues would be between $14.5 million to $15.5 million and pro forma earnings, excluding the effects of stock-based compensation, would be in the range of $0.02 to $0.03 a share.

Last month the company projected second quarter revenues of $22.0 million to $25.0 million and pro forma earnings of $0.09 to $0.11 a share.

``As we discussed during our last conference call, we had seen a significant decrease in Q1 and Q2 orders from our customers as many of them grappled with declining sales within a tougher telecommunications market,`` said Errol Ginsberg, president and chief executive officer of Ixia.

``This trend has worsened since then and, while interest in our products remains high from our users, their capital expenditures continue to be deferred,`` he added.

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Ixia Introduces Routing Protocol Emulation Support for MPLS RSVP-TE, IS-IS and RIP
CALABASAS, Calif.--(BUSINESS WIRE)--June 13, 2001--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems, today announced the introduction of several new routing protocol emulations targeted at the exploding need of network equipment manufacturers and ISPs to quickly emulate and characterize large-scale systems and networks prior to field deployment.

Support for MPLS RSVP-TE, IS-IS and RIP augments Ixia`s current support of routing protocols, which include BGP-4 and OSPF.

``Ixia`s well-known capability for offering extremely high-volume traffic generation is an essential component of its routing protocol emulation software,`` said Tony De La Rosa, routing product manager for Ixia. ``With the ability to emulate multiple routing protocols and generate wire-speed traffic on each port, users can construct elaborate network configurations.

``And by utilizing Ixia`s interfaces that incorporate a RISC CPU on a per-port basis, Ixia`s routing protocol emulation software makes it possible to create a highly scalable and realistic Internet environment that facilitates the design, development and performance verification of next-generation networking equipment and networks.``

The Ixia routing protocol emulation software greatly extends Ixia`s existing capability for automated testing with the introduction of prebuilt ScriptMate tests that measure the route capacity and the convergence performance for each respective protocol. These tests substantially reduce validation and verification times by automating complex tests.

In addition, Ixia`s routing protocol emulation software is supported within Ixia`s ScriptGen tool, greatly simplifying the creation of custom tests.

Ixia`s reputation for developing products that are both powerful and easy to use is evident in the routing protocol emulation software features that are simply not available on any other protocol emulation test system.

Unique to Ixia`s routing protocol emulation software is the simultaneous support of route generation through multiple routing protocols as well as wire-speed traffic on any given port. Other unique capabilities of the software include the quick entry of routing neighbors, path configurations, OSPF, IS-IS and RIP adjacencies, RSVP-TE LSPs, as well as manipulation of large route lists.

In addition, simplified traffic generation gives users the flexibility to transmit from a particular route range up to all routes advertised on a particular port.

Ixia supports its routing protocol emulation suite across all of its Interface Load Modules covering Ethernet at 10/100 Mbps, 1 Gbps and 10 Gbps, as well as Packet Over SONET at OC3c, Oc12c, Oc48c and OC192c speeds.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed multiport traffic generators and performance analyzers for wire-speed testing and verification of today`s advanced optical networking equipment, LAN and WAN multilayer switches, and cable television Internet products, utilizing Packet Over SONET, 10 Gigabit Ethernet, Gigabit Ethernet over copper and fiber, 10/100/1000 Mbps Ethernet and USB interfaces.

Its products are distinguished by their accuracy and reliability; high port density; and diversity of support for emerging, high-speed interfaces and protocol standards, as well as by their adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, Calif. 91302; telephone [phone], fax [phone]; e-mail [e-mail]; or visit the company`s Web site at http://www.ixiacom.com.


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Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/871-1800
[e-mail]

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Ixia`s Errol Ginsberg Honored with the Ernst & Young Entrepreneur Of The Year Award
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--June 20, 2001--Ixia today announced that Errol Ginsberg, president and chief executive officer of Ixia, received the 2001 Los Angeles Ernst & Young Entrepreneur Of The Year award in the Technology category. Award recipients were honored at a banquet on June 19 at the Beverly Hilton Hotel.

``It is an honor to be included in the company of the other finalists,`` said Mr. Ginsberg. ``When we started Ixia four years ago in rather humble digs above a Mexican restaurant, we were convinced that we would be successful in our target market. It took the dedication and commitment of our entire team to win this award. Even as we pause briefly today to receive this award, we remain focused and confident about our future success.``

Now, Mr. Ginsberg will join other regional winners to participate in Ernst & Young`s National Entrepreneur Of The Year program. Finalists and winners of the national award will be announced in Palm Springs on Nov. 17, 2001.

The Entrepreneur Of The Year award recognizes business leaders who have demonstrated outstanding success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. Los Angeles` award recipients were selected by an independent panel of judges from business, academic and civic organizations.

The story of Errol Ginsberg`s success is reflected in the outstanding growth and profit Ixia has experienced since its inception. Today, Ixia is a leading provider of high-speed, multiport network performance analysis systems. Ixia`s focus on the emerging technologies in the networking industry continues with its recent introduction of its 10 Gigabit Ethernet analysis product to address the convergence of local and wide area networks.

About the Entrepreneur Of The Year Program

The Entrepreneur Of The Year program is founded and produced by professional services firm Ernst & Young. The program is co-sponsored nationally by USA Today, CNN, The Nasdaq Stock Market and the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation. Local sponsors include Bowne; Cap Gemini Ernst & Young; Capital Resources; Paul, Hastings, Janofsky & Walker; Riordon & McKinzie; Silicon Valley Bank; Scudder Kemper Investments; Strategic Coach; Wedbush Morgan Securities; Scherzer & Co.; and The Los Angeles Business Journal. Entrepreneur Of The Year is a registered service mark of Ernst & Young LLP.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed multiport traffic generators and performance analyzers for wire-speed testing and verification of today`s advanced optical networking equipment, LAN and WAN multilayer switches, and cable television Internet products, utilizing Packet Over SONET, 10 Gigabit Ethernet, Gigabit Ethernet over copper and fiber, 10/100/1000 Mbps Ethernet, and USB interfaces. Its products are distinguished by their accuracy and reliability; high port density; and diversity of support for emerging, high-speed interfaces and protocol standards; as well as by their adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800; fax: [phone]; e-mail: [e-mail]; or visit the company`s Web Site at http://www.ixiacom.com.


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Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

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Downgrade dings Ixia shares
By: Larry Barrett
7/3/01 11:10 AM
Source: News.com

Ixia shares were roughed up Tuesday after an analyst downgraded the maker of interface cards that transmit and analyze transmissions over fiber-optic and copper-line networks.
Analyst Thomas Coler of Dain Rauscher Wessels cut the stock from a "strong-buy aggressive" recommendation to "buy aggressive" on concerns that telecommunications-equipment makers such as Cisco Systems and Nortel Networks will continue to delay orders for the next few quarters.


Ixia shares shed $1.70, or 11 percent, to close at $13.70 in Tuesday`s abbreviated trading session.

"The market environment for telecom equipment continues to be difficult heading into 2002, increasing the likelihood that Ixia`s largest customers will show reduced order patterns going forward," Coler wrote in a research note. "On a more positive note, Ixia appears to be gaining solid traction with next-generation optical manufactures such as ONI and Tellium."

Coler reiterated his 12-month price target of $20 a share.

In late May, Ixia warned that its second-quarter sales and earnings would fall well short of analysts` estimates, primarily because of slumping orders from its largest customers.

The company told investors to expect sales between $14.5 million and $15.5 million in the quarter ended June 30 and earnings between 2 cents and 3 cents a share.

First Call consensus originally pegged the Calabasas, Calif.-based company for a profit between 9 cents and 10 cents a share.

In its first quarter, Ixia pocketed $9 million, or 14 cents a share, on sales of $28.8 million.

Ixia shares rallied up to an all-time high of $39 a share in January before slumping to a low of $9.94 in April.

All four analyst tracking the stock maintain either a "buy" or "strong buy" recommendation.

Analysts now expect it to earn 3 cents a share in the second quarter and 76 cents a share in fiscal 2001.

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Ixia Introduces its New VSR Interface for its OC-192c Packet Over SONET and Bit Error Rate Tester Analysis Modules
CALABASAS, Calif.--(BUSINESS WIRE)--Aug. 8, 2001--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems, introduced today its Very Short Reach (VSR) interface for its OC-192c Packet Over SONET (POS) and Bit Error Rate Tester (BERT) analysis modules.

Ixia`s release of VSR optics for its OC-192c products gives equipment manufacturers and network operators an effective test tool for new VSR interfaces, while saving them money in the process. In addition to supporting VSR-1 optics, Ixia has enhanced the functionality of its VSR load modules with extensive VSR-specific statistics reporting and error insertion capabilities, creating the most comprehensive test platform available in the industry today.

``VSR is a key technology for cost-reducing the network infrastructure and accelerating the rate of build-out of high-speed OC-192 links,`` said Eran Karoly, vice president of marketing for Ixia. ``Ixia`s implementation of the VSR-1 interface not only allows equipment manufacturers and carriers to establish connectivity with VSR-1 devices, but also to test performance parameters of the VSR interface while maintaining the full POS and BERT functionality already present in Ixia`s OC-192c modules. Our customers are very interested in the VSR interface as is evident from the number of orders for this product we have already accepted.``

The Ixia VSR modules, which were developed in accordance with the OIF Implementation Agreement VSR-1, use twelve parallel multi-mode fiber optic lines operating at 1.25Gbps per channel, instead of existing 1310nm or 1550nm serial optics. VSR optics are designed to drive signals over distances less than 300 meters, which is sufficient for interconnecting devices within a service provider`s Point-of-Presence (POP). Over these short distances, VSR optics offer a significant cost savings compared to intermediate and long-reach serial lasers.

Manufacturers are now equipping routers, switches, DWDM terminals, and optical cross-connects, among other network elements, with VSR-1 interfaces as a way of reducing equipment expenditures by their customers, especially when the equipment elements are installed in close proximity. Ixia`s support for the VSR-1 interface underscores the company`s commitment to delivering advanced technology for performance verification and helping to accelerate the time-to-market cycle for manufacturers and network operators alike. The VSR-1 interface for Ixia`s OC-192 POS and BERT modules is available now.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.


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Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800 (Media)
[e-mail]
Lori Choi, 818/444-2334 (Media)

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Ixia Is Named One of Los Angeles` Fastest-Growing Technology Companies in Deloitte & Touche `Fast 50` Program
CALABASAS, Calif.--(BUSINESS WIRE)--Aug. 23, 2001--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems, has been named a Rising Star in the Deloitte & Touche prestigious ``2001 Los Angeles Technology Fast 50`` program, a ranking of the 50 fastest-growing technology companies in the area.

Rankings are based on the percentage of growth in revenues from 1996-2000, or for a minimum of three years for Rising Stars.

``It is an honor to be recognized along with the other companies in the Fast 50 program,`` said Errol Ginsberg, President and CEO of Ixia. ``When we started Ixia four years ago, naturally we were optimistic about its future, but we couldn`t have anticipated just how rapidly the company would grow. It`s taken the dedication and commitment of our entire team to win this award, and we will continue to remain focused on the challenges before us.``

``To attain a listing on the Fast 50 is no easy feat, and we at Deloitte & Touche congratulate Ixia for attaining this honor,`` said Gary Dickey, partner, Technology & Communications Group, Deloitte & Touche.

``In an era where technology companies come and go like shooting stars, making the Deloitte & Touche Fast 50 is a testament to a company`s leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over three years. Ixia has proven that they have the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments.``

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1 million in 2000. They must be public or private companies headquartered in the Los Angeles Region and be ``technology companies,`` defined as companies that produce technology, manufacture a technology product, are technologically intensive and/or use technology in problem-solving, or devote a high percentage of effort to research and development of technology.

The Rising Star program recognizes companies that have been in business more than three years and less than five years, but otherwise meet the Fast 50 requirements.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers.

Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800; Fax: [phone]; e-mail: [e-mail]; or visit the company`s Web Site at http://www.ixiacom.com.

About Deloitte & Touche

Deloitte & Touche LLP, one of the nation`s leading professional services firms, provides assurance and advisory, tax and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel.

Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the ``100 Best Companies to Work For in America`` by Fortune magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein; each of its national practices is a separate and independent legal entity.

For more information, please visit Deloitte & Touche`s Web site at www.us.deloitte.com.


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Contact:

Ixia
Frank Zajaczkowski, 818/871-1800, [e-mail]
Lori Choi, 818/444-2334, [e-mail]

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Ixia Participates in World`s First Multi-Vendor 10 Gigabit Ethernet Technology Demonstration
10GEA, booth No. 2257, Ixia, booth No. 6062 in the Georgia World Congress Center, Sept. 11-13
ATLANTA--(BUSINESS WIRE)--Sept. 11, 2001--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multi-port network performance analysis systems, is participating in the world`s first multi-vendor 10 Gigabit Ethernet Technology Demonstration (10GEA) at NetWorld+Interop show this week in Atlanta.

As a Principal Charter Member of the 10GEA, Ixia will be demonstrating how its 10 Gigabit solutions interoperate with the networking industry`s leading equipment manufacturers, including AMCC, Avaya Inc., Broadcom Corp., Cisco Systems, Extreme Networks Inc., Foundry Networks, Intel Corp., Lucent Technologies, MindSpeed, Nortel Networks, PMC-Sierra Inc., Picolight, Tyco Electronics and Velio Communications.

Ixia`s family of 10GbE Load Modules includes all five 10 Gig technologies represented at the 10GEA booth: 10GBASE-SR, 10GBASE-LR, 10GBASE-ER, 10GBASE-LW and 10GBASE-EW. In addition, Ixia will be demonstrating the world`s first XAUI performance verification interface.

Ixia also offers a fully-integrated OC-192 Packet Over SONET, OC-192 BERT and 10GBASE-W solution within a single Load Module (POS/BERT/WAN). All Load Modules provide comprehensive wire-speed traffic generation, capture and analysis capabilities, real-time latency and sophisticated routing protocol emulation (e.g., BGP-4, MPLS, RSVP-TE, OSPF, IS-IS).

``We are excited to participate in this demonstration of 10 Gigabit Ethernet Technology,`` said Charles Bettinelli, 10 Gigabit Ethernet product marketing manager for Ixia. ``The breadth of Ixia`s 10 Gig product line clearly demonstrates our commitment to accelerating this new cost-effective high bandwidth technology into the market place through all phases of development.``

The Ixia Load Modules enhance the time-to-market and interoperability of 10GbE equipment, applications and services. This broad family of 10GbE Load Modules operates seamlessly with Ixia`s existing Load Modules, such as 10/100/1000 Mbps Ethernet, OC-3c/OC-12c/OC-48c/OC-192c Packet Over SONET (POS), and OC-48c/OC-192c BERT interfaces.

About the 10 Gigabit Ethernet Alliance

The 10 Gigabit Ethernet Alliance was organized to facilitate and accelerate the introduction of 10 Gigabit Ethernet into the networking market. It was founded by networking industry leaders: 3Com (Nasdaq:COMS - news), Cisco Systems (Nasdaq:CSCO - news), Extreme Networks (Nasdaq:EXTR - news), Intel (Nasdaq:INTC - news), Nortel Networks (NYSE:NT - news), Sun Microsystems (Nasdaq:SUNW - news), and World Wide Packets.

Additionally, the Alliance supports the activities of IEEE 802.3 Ethernet committee, fosters the development of the 802.3ae (10 Gigabit Ethernet) standard, and promotes interoperability among 10 Gigabit Ethernet products. For more information, visit their Web site at www.10gea.org.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB.

They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; E-mail: [e-mail] or visit the company`s Web Site at http://www.ixiacom.com.


--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas, Calif.
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[panik]

Ixia Introduces IxProfile -- the First Real-Time Traffic Recording, Monitoring, and Profiling Solution for 10 Gigabit Networks
CALABASAS, Calif.--(BUSINESS WIRE)--Oct. 8, 2001--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems, introduced IxProfile today, the first traffic recording, sampling, and monitoring solution for 10 Gigabit networks. IxProfile is designed for use by ISPs, NSPs, and carriers to optimize the behavior of their networks.

``Ixia`s leadership position within the traffic generation and analysis industry is underscored again with the introduction of the first real-time traffic recording, monitoring, and profiling solution for 10 Gigabit networks,`` said David Anderson, vice president of new business development for Ixia. ``IxProfile allows ISPs, NSPs, and carriers to analyze and profile in real time the behavior of their next generation 10 Gigabit Ethernet and OC192c networks, thus providing their customers optimum performance.``

IxProfile utilizes the superior traffic analysis capabilities of Ixia`s 10 Gigabit Ethernet and OC192c Packet Over SONET (POS) Load Modules, combined with a comprehensive set of user configurable filters and triggers for capturing the desired data. Operating at full wire-speed, IxProfile is capable of capturing packets based on source and destination IP addresses, source and destination TCP port numbers, as well as on actual content of the captured frame.

IxProfile can also be used for a variety of security applications requiring real-time profiling by offering an extensive array of key statistics, such as frame size distribution, source and destination network address distribution, and protocol distribution at speeds of up to 10 Gigabits per second. Using these statistics, IxProfile triggers the capturing of the desired data. The captured data can then be exported to post-processing applications.

By combining a secure, central administration, command and control tool, IxProfile thus enables users to deploy unlimited capture and recording nodes within a network while managing them from a centralized site. IxProfile combines these powerful monitoring and capturing capabilities with extensive error and alarm detection at the physical and data link layers of the tested link.

With IxProfile, Ixia is expanding its development and deployment of in-service monitoring tools, which began with the release of I(2)SM, Ixia`s comprehensive network performance monitoring system for next generation networks. I(2)SM features a distributed architecture consisting of monitoring probes that can be deployed around the globe and controlled remotely via Ixia`s flexible management software.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.


--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
or
Lori Choi, 818/444-2334
[e-mail]

[panik]

Ixia Announces Third Quarter Financial Results
CALABASAS, Calif.--(BUSINESS WIRE)--Oct. 17, 2001--Ixia (Nasdaq:XXIA - news) today reported financial results for the third quarter ended September 30, 2001.

Net revenues for the third quarter of 2001 were $16.2 million, which compares to $15.1 million reported for the second quarter of 2001 and $21.3 million reported for the third quarter of 2000. Pro forma net income was $3.9 million or $0.06 per diluted share, compared to $2.6 million, or $0.04 per diluted share for the immediately preceding quarter and $6.4 million, or $0.12 per diluted share, for the same period last year. Income tax expense for the third quarter of 2001, on both a pro forma and as reported basis, included a benefit of $712,000, or approximately $0.01 per diluted share, related to changes in estimates for state income taxes and R&D tax credits.

Pro forma net income excludes the effect of non-cash charges for stock-based compensation associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000. Reported net income for the third quarter of 2001, including stock-based compensation charges, was $1.7 million, or $0.03 per diluted share, compared to $1.6 million, or $0.03 per diluted share, for the third quarter of 2000.

``We grew revenues in the third quarter by 7% sequentially, reflecting solid progress in a very difficult market,`` commented Errol Ginsberg, President and Chief Executive Officer of Ixia. ``While we are cautious of the effect of a continuing economic slow down, we are pleased with the favorable response we are experiencing with certain of our new products, including our 10 Gigabit Ethernet line. Notably, we saw a sequential increase in orders from some of our largest customers and added over 20 new customers, deriving over 10% of our revenues from these new accounts.``

Ixia generated approximately $5.7 million in cash during the quarter and, as of September 30, 2001, had $111.9 million in cash and no long-term debt.

``Given our financial strength and strong cash flow, we continue to selectively add engineers, invest in next generation products and evaluate acquisition possibilities,`` Mr. Ginsberg continued. ``Specifically, we are focused on expanding our product offerings for telecom service providers and on broadening our product offerings up and down the protocol stack. At the same time, we continue to have limited visibility of future orders and are focused on maintaining a lean, profitable operation.``

Net revenues for the first nine months of 2001 were $60.2 million, which compared to $49.5 million reported for the first nine months of 2000. Pro forma net income for the first nine months of 2001, excluding the effect of stock-based compensation, totaled $15.4 million, or $0.25 per diluted share, compared to $15.5 million, or $0.30 per diluted share, for the same period last year.

Reported net income for the first nine months of 2001, including stock-based compensation charges, was $6.5 million, or $0.10 per diluted share, compared to $3.8 million, or $0.08 per diluted share, for the first nine months of 2000.

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. EDT. Open to the public, a live Web cast of the conference call will be accessible from the ``Investors`` section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces - Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

The Ixia logo is a registered trademark of Ixia. Ixia and Optixia are trademarks of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as ``may,`` ``will,`` ``expect,`` ``plan,`` ``believe,`` ``estimate,`` ``predict`` or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2000. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.


IXIA
Pro Forma Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months ended Nine months ended
September 30, September 30,
--------------------------------------
2001 2000 2001 2000
-------- -------- -------- -------

Net revenues $16,183 $21,263 $60,152 $49,531
Cost of revenues 3,444 3,714 12,311 8,954
------- ------- ------- -------
Gross profit 12,739 17,549 47,841 40,577

Operating expenses:
Research and
development 3,217 1,998 9,467 4,742
Sales and
marketing 3,861 3,668 12,686 8,040
General and
administrative 1,520 1,354 4,928 3,087
------- ------- ------- -------
Total operating
expenses 8,598 7,020 27,081 15,869
------- ------- ------- -------

Income from operations 4,141 10,529 20,760 24,708
Interest income, net 961 183 3,306 404
------- ------- ------- -------
Income before income
taxes 5,102 10,712 24,066 25,112
Income tax expense 1,228 4,324 8,642 9,628
------- ------- ------- -------
Net income $ 3,874 $ 6,388 $15,424 $15,484
======= ======= ======= =======

Earnings per share:
Basic $ 0.07 $ 0.14 $ 0.28 $ 0.34
Diluted $ 0.06 $ 0.12 $ 0.25 $ 0.30

Weighted average number of common
and common equivalent shares
outstanding:
Basic 54,965 46,454 54,270 45,622
Diluted 61,087 52,678 62,041 50,963


The above pro forma results have been adjusted to exclude the
non-cash charges for stock-based compensation associated with the
issuance of stock options, warrants and restricted stock prior to the
Company`s initial public offering in October 2000.

Reported results including these charges are presented on the next
page:

IXIA
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months ended Nine months ended
September 30, September 30,
---------------------------------------
2001 2000 2001 2000
-------- -------- ------- -------

Net revenues $16,183 $21,263 $60,152 $49,531
Cost of revenues(1) 3,604 4,012 12,885 9,638
------- ------- ------- -------
Gross profit 12,579 17,251 47,267 39,893

Operating expenses:
Research and
development 3,217 1,998 9,467 4,742
Sales and
marketing 3,861 3,668 12,686 8,040
General and
administrative 1,520 1,354 4,928 3,087
Stock-based
compensation(2) 2,202 4,410 9,505 10,660
------- ------- ------- -------
Total operating
expenses 10,800 11,430 36,586 26,529
------- ------- ------- -------

Income from operations 1,779 5,821 10,681 13,364
Interest income, net 961 183 3,306 404
------- ------- ------- -------
Income before income taxes 2,740 6,004 13,987 13,768
Income tax expense 1,077 4,449 7,526 9,926
------- ------- ------- -------
Net income $ 1,663 $ 1,555 $ 6,461 $ 3,842
======= ======= ======= =======

Earnings per share:
Basic $ 0.03 $ 0.03 $ 0.12 $ 0.08
Diluted $ 0.03 $ 0.03 $ 0.10 $ 0.08

Weighted average number of common
and common equivalent shares
outstanding:
Basic 54,965 46,454 54,270 45,622
Diluted 61,087 52,678 62,041 50,963


(1) Stock-based compensation
included in cost of
revenues $ 160 $ 298 $ 574 $ 684
======== ======= ======= =======

(2) Stock-based compensation:
Research and development $ 1,217 $ 2,137 $ 4,872 $ 4,734
Sales and marketing 697 1,431 2,744 3,202
General and administrative 288 842 1,889 2,724
-------- ------- -------- --------
$ 2,202 $ 4,410 $ 9,505 $ 10,660
======== ======= ======= =======

IXIA
Consolidated Balance Sheets
(in thousands)

September 30, December 31,
2001 2000
------------ ---------
(unaudited)
Assets
Current assets:
Cash and cash equivalents $ 111,890 $ 96,066
Accounts receivable, net 9,120 11,874
Inventories 3,932 5,589
Income taxes receivable 1,741 --
Prepaid expenses and
other current assets 3,667 4,127
--------- ---------
Total current assets 130,350 117,656

Property and equipment, net 6,654 3,561
Other assets 489 465
--------- ---------
Total assets $ 137,493 $ 121,682
========= =========

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 1,682 $ 4,641
Accrued expenses 3,840 5,492
Deferred revenues 1,320 1,469
Income taxes payable -- 2,029
--------- ---------
Total liabilities 6,842 13,631

Shareholders` equity:
Common stock, no par value;
200,000 shares authorized,
55,260 and 53,883 shares issued
and outstanding as of September
30, 2001 and December 31, 2000,
respectively 76,942 75,454
Additional paid-in capital 46,179 44,007
Deferred stock-based compensation (11,724) (23,941)
Notes receivable from shareholders -- (262)
Retained earnings 19,254 12,793
--------- ---------
Total shareholders` equity 130,651 108,051
--------- ---------
Total liabilities and
shareholders` equity $ 137,493 $ 121,682
========= =========



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, Chief Financial Officer, 818/444-2325
[e-mail]
or
the blueshirt group
Chris Danne, 415/217-7722
[e-mail]

[panik]

Ixia Announces the Acquisition of Caimis, Inc.
CALABASAS, Calif.--(BUSINESS WIRE)--Nov. 6, 2001--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems, today announced the acquisition of privately held Caimis, Inc. Caimis develops sophisticated technologies for routing optimization and network performance for major carriers, internet service providers and large enterprises. Terms of the acquisition were not disclosed.

``We are delighted to be adding the complementary set of technologies from Caimis to our diverse set of performance assessment tools as part of our strategy to provide a wide range of traffic engineering and network monitoring solutions,`` said Errol Ginsberg, president & CEO of Ixia. ``Caimis` innovative route optimization techniques are targeted at maximizing network efficiency while reducing network operational costs and increasing profitability for the operator.``

Caimis was formed by individuals from leading service providers such as AOL and Worldcom and the University of California`s CAIDA Internet research group to address the need for improving network performance. The range of Caimis` products consists of individual software modules for collecting, analyzing, and correlating network data for the purpose of enhancing performance and planning new capacity and services. By measuring, analyzing and visualizing key network performance and routing information, Caimis software gives users superior visibility into the flow of traffic through the network.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.


--------------------------------------------------------------------------------
Contact:

Ixia
Tom Miller, 818/871-1800
[e-mail]
or
the blueshirt group (for Ixia)
Chris Danne, 415/217-7722
[e-mail]

[panik]

Ixia Introduces the First Comprehensive Set of Traffic Engineering and Network Optimization Solutions for Carriers, ISPs, and Large Enterprises
CALABASAS, Calif.--(BUSINESS WIRE)--Nov. 13, 2001--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems, today introduced Ixia NetOps, a comprehensive suite of hardware/software tools designed to optimize the performance routing and monitoring of live IP networks.

With NetOps, Ixia builds upon its performance analysis expertise to provide solutions for network operations monitoring, traffic engineering, traffic profiling, security, and optimization. Ixia NetOps tools are targeted at the growing needs of major carriers, Internet service providers, and large enterprises for a higher level of control over their network operations.

``Our recent acquisition of Caimis enhanced our capability to deliver a suite of analysis and monitoring solutions that address the industry`s urgent requirements for extremely accurate network operations measurement strategies to improve both network performance and the security of the network itself,`` said Errol Ginsberg, president and CEO of Ixia.

``Ixia NetOps provides a higher degree of visibility into the network that translates directly into improved quality of service, enhanced network planning capabilities, and reduced operating costs,`` added Mr. Ginsberg. ``We are pleased with the market`s initial reaction to Ixia NetOps, as we have already won a contract with a large telecommunications carrier before our formal product introduction.``

The Ixia NetOps suite includes the following tools:

IxTraffic is the only real-time, fully distributed system for collecting, aggregating, and visualizing traffic metrics of backbone routers to facilitate accurate usage-based billing, traffic profiling, and a variety of Internet traffic analysis metrics. By tracking specific route availability, policing BGP router configurations, and identifying routing instabilities across multiple peers and then correlating this data with traffic flow information, IxTraffic makes it possible for cost effective capacity planning between large Internet infrastructures.
IxCore is a performance monitoring tool developed for deployment into the core of live networks. It combines an IXIA 100 probe, utilizing a built-in global positioning system or CDMA timing capability, with centralized management and reporting software. It is used to verify network performance at circuit turn up, to monitor service level agreements, and to validate the networks` ability to carry next generation services such as VOIP and video.
IxEdge is a distributed system for monitoring edge networks and reporting network latency, packet loss, and path stability. IxEdge can be used as a stand-alone application or in conjunction with IxCore to monitor the simultaneous performance of thousands of paths to select destinations, addressing the measurement needs of even the largest networks.
IxProfile is the first traffic recording, sampling, and monitoring solution for Packet Over SONET, 10/100 Mbps, Gigabit, and 10 Gigabit Ethernet networks. It offers an extensive array of key statistics, such as frame size distribution, source and destination network address distribution, and protocol distribution. IxProfile is designed for use by ISPs, network service providers, and carriers to perform non-intrusive, real-time packet analysis without sampling or degrading router performance. IxProfile can also be used for a variety of security applications requiring real-time profiling.
IxMapper incorporates proprietary geolocation technology to effectively identify the geographic source and destination of routers, servers, and other network infrastructure elements. Key applications include traffic profiling for security, authentication, and network management.
IxActivate is a sophisticated hardware/software solution utilizing a field portable performance analysis device, for turn-up, rollout, and validation of new IP services. With its complete library of test suites, IxActivate performs VLAN TagID, VLAN throughput, one-way latency, packet loss, and multi-link failover testing across Packet Over SONET and Ethernet networks.
All products available now.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB.

Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.


--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800, [e-mail]
Lori Choi, 818/444-2334, [e-mail]

[optical]

Ixia Announces Fourth Quarter Financial Results
CALABASAS, Calif.--(BUSINESS WIRE)--Jan. 31, 2002--Ixia (Nasdaq:XXIA - news) today reported financial results for the fourth quarter ended December 31, 2001.

Net revenues for the fourth quarter of 2001 were $17.0 million compared to $26.5 million reported for the fourth quarter of 2000. Pro forma net income was $3.6 million, or $0.06 per diluted share, compared to $8.5 million, or $0.14 per diluted share, for the same period last year.

Pro forma net income excludes the effect of non-cash charges for stock-based compensation associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000. Reported net income on a GAAP basis for the fourth quarter of 2001, including stock-based compensation charges, was $3.3 million, or $0.05 per diluted share, compared to $4.1 million, or $0.07 per diluted share, for the fourth quarter of 2000.

``Revenues in the fourth quarter of 2001 grew 5% sequentially in a difficult market for telecommunications equipment companies,`` commented Errol Ginsberg, President and Chief Executive Officer of Ixia. ``This growth was driven by solid demand for 10/100 and Gigabit Ethernet cards and a strong performance of our recently introduced 10 Gigabit Ethernet product line. Additionally, we were pleased to see a sequential increase in revenues from telecommunications carriers this quarter. While adding over 20 new customers, we also had solid orders from some of our largest customers such as Cisco Systems, Intel and Extreme Networks.``

Ixia increased its cash position by approximately $4.8 million during the quarter and, as of December 31, 2001, had $116.6 million in cash and no long-term debt.

``We continue to generate strong cash flow and are taking advantage of this downturn to expand our product lines and addressable markets,`` Mr. Ginsberg continued. ``In the fourth quarter of 2001, we completed the acquisition of Caimis, Inc., a small, engineering company focused on network optimization and complex monitoring, and have begun integrating its products into our new network operations product line -- the Ixia NetOps suite. In the coming year, we will look for other synergistic technology acquisitions that drive us into related new markets, while continuing to hire talented engineers and expanding our R&D effort. While this growth oriented focus places us in a minority among technology companies, we firmly believe that this strategy should allow us to emerge from the downturn as a much stronger entity focused on a much larger market opportunity.``

Net revenues for the year ended December 31, 2001 were $77.2 million, which compared to $76.0 million reported for the year ended 2000. Pro forma net income for the year ended 2001, excluding the effect of stock-based compensation, totaled $19.1 million, or $0.31 per diluted share, compared to $24.0 million, or $0.45 per diluted share, for the same period last year.

Reported net income on a GAAP basis for the year ended December 31, 2001, including stock-based compensation charges, was $9.7 million, or $0.16 per diluted share, compared to $8.0 million, or $0.15 per diluted share, for the year ended December 31, 2000. Reported net income on a GAAP basis for the fourth quarter and for the year ended December 31, 2001, includes an income tax benefit of $1.6 million related to employee sales of stock acquired under option plans. This benefit, which reduces the reported amount of income tax expense, is not included in the pro forma results.

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. EST. Open to the public, a live Web cast of the conference call will be accessible from the ``Investors`` section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

The Ixia logo is a registered trademark of Ixia. Ixia and Ixia NetOps are trademarks of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as ``may,`` ``will,`` ``expect,`` ``plan,`` ``believe,`` ``estimate,`` ``predict`` or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2000. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.


IXIA
Pro Forma Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months ended Twelve months ended
December 31, December 31,
----------------- -----------------
2001 2000 2001 2000
------- ------- ------- -------

Net revenues $17,005 $26,513 $77,157 $76,044
Cost of revenues 3,570 4,923 15,881 13,877
------- ------- ------- -------
Gross profit 13,435 21,590 61,276 62,167

Operating expenses:
Research and
development 3,890 2,497 13,357 7,239
Sales and marketing 3,626 4,676 16,312 12,716
General and
administrative 1,556 1,815 6,484 4,902
------- ------- ------- -------
Total operating expenses 9,072 8,988 36,153 24,857
------- ------- ------- -------

Income from operations 4,363 12,602 25,123 37,310
Interest income, net 729 1,148 4,035 1,552
------- ------- ------- -------
Income before income
taxes 5,092 13,750 29,158 38,862
Income tax expense 1,454 5,215 10,096 14,843
------- ------- ------- -------
Net income $ 3,638 $ 8,535 $19,062 $24,019
======= ======= ======= =======

Earnings per share:
Basic $ 0.07 $ 0.16 $ 0.35 $ 0.51
Diluted $ 0.06 $ 0.14 $ 0.31 $ 0.45

Weighted average number
of common and common
equivalent shares
outstanding:
Basic 55,405 52,070 54,550 47,244
Diluted 61,119 60,592 61,977 53,777

The above pro forma results have been adjusted to exclude the non-cash
charges for stock-based compensation associated with the issuance of
stock options, warrants and restricted stock prior to the Company`s
initial public offering in October 2000.

Reported results including these charges are presented on the next
page:


IXIA
Consolidated Statements of Income
(in thousands, except per share data)

Three months ended Twelve months ended
December 31, December 31,
-------------------- -------------------
2001 2000 2001 2000
-------- -------- -------- --------
(unaudited)

Net revenues $ 17,005 $ 26,513 $ 77,157 $ 76,044
Cost of revenues(1) 3,725 5,187 16,610 14,825
-------- -------- -------- --------
Gross profit 13,280 21,326 60,547 61,219

Operating expenses:
Research and development 3,890 2,497 13,357 7,239
Sales and marketing 3,626 4,676 16,312 12,716
General and
administrative 1,556 1,815 6,484 4,902
Stock-based
compensation(2) 1,954 5,024 11,459 15,684
-------- -------- -------- --------
Total operating
expenses 11,026 14,012 47,612 40,541
-------- -------- -------- --------

Income from operations 2,254 7,314 12,935 20,678
Interest income, net 729 1,148 4,035 1,552
-------- -------- -------- --------
Income before income
taxes 2,983 8,462 16,970 22,230
Income tax (benefit)
expense (305) 4,319 7,221 14,245
-------- -------- -------- --------
Net income $ 3,288 $ 4,143 $ 9,749 $ 7,985
======== ======== ======== ========

Earnings per share:
Basic $ 0.06 $ 0.08 $ 0.18 $ 0.17
Diluted $ 0.05 $ 0.07 $ 0.16 $ 0.15

Weighted average number
of common and common
equivalent shares
outstanding:
Basic 55,405 52,070 54,550 47,244
Diluted 61,119 60,592 61,977 53,777


(1)Stock-based
compensation included in
Cost of revenues $ 155 $ 264 $ 729 $ 948
======== ======== ======== ========

(2)Stock-based
compensation:
Research and development $ 1,183 $ 2,448 $ 6,055 $ 7,182
Sales and marketing 501 1,493 3,245 4,695
General and
administrative 270 1,083 2,159 3,807
-------- -------- -------- --------
$ 1,954 $ 5,024 $ 11,459 $ 15,684
======== ======== ======== ========


IXIA
Consolidated Balance Sheets
(in thousands)

December 31, December 31,
2001 2000
--------- ---------

Assets
Current assets:
Cash and cash equivalents $ 116,643 $ 96,066
Accounts receivable, net 7,534 11,874
Inventories 3,316 5,589
Income taxes receivable 2,598 --
Prepaid expenses and other
current assets 4,407 4,127
--------- ---------
Total current assets 134,498 117,656

Property and equipment, net 6,821 3,561
Other assets 3,106 465
--------- ---------
Total assets $ 144,425 $ 121,682
========= =========

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 1,482 $ 4,641
Accrued expenses 3,317 5,492
Deferred revenues 1,546 1,469
Income taxes payable -- 2,029
Deferred income taxes 259 --
--------- ---------
Total liabilities 6,604 13,631

Shareholders` equity:
Common stock, no par value;
200,000 shares authorized,
55,810 and 53,883 shares issued
and outstanding as of
December 31, 2001 and
December 31, 2000, respectively 77,764 75,454
Additional paid-in capital 46,933 44,007
Deferred stock-based compensation (9,418) (23,941)
Notes receivable from shareholders -- (262)
Retained earnings 22,542 12,793
--------- ---------
Total shareholders` equity 137,821 108,051
--------- ---------
Total liabilities and
shareholders` equity $ 144,425 $ 121,682
========= =========




--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325
[e-mail]
or
the blueshirt group
Chris Danne, 415/217-7722
[e-mail]

[Chipdesign]

Ixia`s XAUI Load Module -- the World`s First XAUI Tester -- Selected to Test the Interoperability and Performance of the Marvell Alaska X 10 Gigabit Ethernet Transceiver
CALABASAS, Calif.--(BUSINESS WIRE)--Feb. 6, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems, announces today that its 10 Gigabit Attachment Unit Interface (XAUI) tester was selected by the design subsidiary of Marvell Technology Group Ltd. (Nasdaq:MRVL - news) to verify interoperability and performance of the Marvell® Alaska® X 10 Gigabit Ethernet XAUI and backplane transceiver (88X2040).

Ixia`s XAUI Load Module, the world`s first XAUI performance tester, underscores Ixia`s leadership position in the development and deployment of next-generation 10 Gigabit Ethernet Networks.

``Performance and interoperability are key to our XAUI product strategy,`` said Gary Smerdon, vice president of marketing for the Communications Business Group for Marvell Semiconductor, Inc. ``Using Ixia`s XAUI tester, Marvell was able to accelerate the validation of our Alaska X transceiver, which is the highest performance, lowest power and smallest footprint XAUI device on the market today. We were able to verify the functionality of our device using the flexible real-world traffic generation and verification capabilities of the Ixia XAUI Load Module.``

The XAUI performance tester is specifically designed to accelerate the time-to-market for developers of Quad SerDes, LAN and WAN PHYs with a XAUI interface, XENPAK transceiver modules, and switch and router line cards being developed for XENPAK.

``We are pleased to work with Marvell to demonstrate interoperability between the Marvell Alaska X SERDES and the Ixia XAUI tester. Working with industry leaders such as Marvell to demonstrate 10 Gigabit Ethernet interoperability has enabled the rapid and widespread deployment of this technology,`` said Eran Karoly, Ixia`s vice president of marketing, ``As a Principal Charter Member of the 10 Gigabit Ethernet Alliance (10GEA), Ixia is committed to assisting XAUI vendors in completing successful interoperability and performance testing. Ixia continues its leadership role by offering the world`s first and only XAUI tester, as well as the most comprehensive 10 Gigabit Ethernet test solution available, including 10BASE-SR, 10GBASE-LR, 10GBASE-ER, 10GBASE-LW, 10GBASE-EW optical interfaces, a combined OC-192 POS/BERT/WAN solution, and XAUI BERT.``

Ixia`s XAUI Load Modules are compliant with the latest draft of the IEEE 802.3ae standards and provide additional support for Bit Error Rate Testing (BERT). The XAUI BERT Load Module may be configured to generate a single concatenated BERT stream or four independent BERT patterns for each of the four XAUI lanes. Complete BERT statistics are available for all modes.

All Ixia 10 Gigabit Ethernet products are available now.

About Marvell

Marvell Technology Group Ltd. (Nasdaq:MRVL - news), a technology leader in the development of extreme broadband system-level IC solutions for Internet connectivity and infrastructure, comprises Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd. (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), and Galileo Technology Ltd. (GTL). On behalf of MIL, MSI designs, develops and markets integrated circuits utilizing proprietary Communications Mixed-Signal Processing (CMSP) and digital signal processing technologies for communications signal processing markets. MAPL is headquartered in Singapore and is responsible for production, distribution and design operations. GTL develops high-performance communications Internetworking and Switching products for the broadband communications market. As used in this release, the terms ``Company`` and ``Marvell`` refer to the entire group of companies. The Company applies its technology to the extreme broadband communications market where its products are used in network access equipment to provide the interface between communications systems and data transmission media. MSI is headquartered at 645 Almanor Ave., Sunnyvale, Calif. 94085; phone: [phone], fax: [phone]. More information on Marvell is available on the Internet at http://www.marvell.com.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, Calif. 91302; [phone], fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[Chipdesign]

Ixia Introduces the Industry`s First IPv6 Conformance Test Suite
CALABASAS, Calif.--(BUSINESS WIRE)--Feb. 27, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, today announced the ANVL(TM) IPv6 (Internet Protocol version 6) conformance test suite, the first conformance testing tool to address the next generation Internet Protocol.

The ANVL IPv6 test suite is the latest addition to the wide variety of protocol conformance test suites supported by the Automated Network Validation Library (ANVL). ANVL has proven an indispensable tool in the development of networking devices by validating protocol implementation, and is utilized by leading network equipment manufacturers, Internet service providers, and embedded stack developers for communications processors.

``IPv6 addresses many of the industry`s urgent needs as the use of mobile networked devices becomes ubiquitous, such as the requirement for flexibility in assigning IP addresses automatically to handheld computers, PDAs, mobile phones, and other wireless devices,`` said Eran Karoly, vice president of marketing for Ixia. ``IPv6 conformance testing is an essential part of developing today`s networking devices. With the introduction of the ANVL IPv6 test suite, Ixia is leading the way in helping network equipment manufacturers conform to these emerging standards.``

IPv6 provides numerous important enhancements to the currently used IPv4 addressing scheme, including an enormous 128-bit address space, hierarchical addressing and routing infrastructure, and built-in security features for authentication, encryption and data integrity.

The ANVL IPv6 test suite is supported on LINUX platforms, and can be run over Ethernet, Sync Serial and Async Serial interfaces, against IPv6 hosts or routers that are capable of IPv6 packet forwarding. This test suite verifies conformance to IETF (Internet Engineering Task Force) RFCs (Requests For Comments) 2460, 2464, and 2472.

The test suite provides an extraordinarily wide range of tests, including Header Format, Hop-by-Hop Options Header, Extension Header Order, Hop-by-Hop and Destination Options Headers, Routing Headers, Fragment Headers, No Next Headers, Packet Size, Flow Labels, Traffic Classes, Upper-Layer Checksum, Frame Format and Addressing Mapping.

In the next release of the test suite, IPv4 and IPv6 co-existence conformance testing (as per RFCs 2893, 2529, 3056, 1981, 2675, and 2711) will be added.

Product available now.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Note: The Ixia logo is a registered trademark of Ixia. Ixia and ANVL are trademarks of Ixia.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[Chipdesign]

Ixia Introduces World`s First XENPAK Performance Analysis System
Ixia will be demonstrating the XENPAK Load Module,
along with its comprehensive suite of 10 Gigabit Ethernet testing

solutions, at OFC, March 17-22, Booth #6109

CALABASAS, Calif.--(BUSINESS WIRE)--March 4, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, announced today the world`s first XENPAK performance analysis test platform to validate XENPAK transceivers and 10 Gigabit Ethernet optical switches and routers.

``Ixia is dedicated to providing our customers with the most cost effective, scalable, and high performance network test equipment on the market,`` said Eran Karoly, Ixia`s vice president of marketing. ``Using a single Ixia XENPAK Load Module, developers of XENPAK transceivers can for the first time plug their modules into a real operating environment, fully testing the electrical XAUI and optical performance capabilities of their transceivers. Similarly, switch/router developers who are looking for a single solution to test multiple IEEE 802.ae defined interfaces can now use a single XENPAK Load Module and multiple pluggable transceivers, rather than using multiple load modules with different fixed optics.``

The Ixia XENPAK Load Module implements the latest draft of the XENPAK Multi-Source Agreement (MSA), supporting hot pluggable 10 Gigabit Ethernet transceivers, which slide into the Load Module through a PCB cut-out and connect via an industry-standard 70 pin connector. By supporting all IEEE 802.3ae approved optical interfaces, interoperability with multiple XENPAK transceiver vendors is assured.

The Ixia XENPAK Load Module also provides a Management Data Input/Output (MDIO) interface, which allows the Ixia Load Module to act as the Station Management entity (STA), and can control one or more MDIO Manageable Devices (MMD) in the user`s system. The user can read and write to the MDIO registers inside an MMD via Ixia`s graphical user interface, which enables functional testing of XENPAK transceivers. The XENPAK Load Module is the latest addition to Ixia`s comprehensive 10 Gigabit Ethernet test solutions, which includes 10BASE-SR, 10GBASE-LR, 10GBASE-ER, 10GBASE-LW, 10GBASE-EW optical interfaces, a combined OC-192 POS/BERT/WAN Solution, as well XAUI and XAUI BERT electrical interfaces.

All Ixia 10 Gigabit Ethernet products are available now.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871.1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[Chipdesign]

Ixia and Extreme Networks Demonstrate Wire-Speed Switching Across 768 Ports using Ixia`s Optixia, the World`s Highest Port Density Test Platform
Ixia`s Optixia and Extreme Networks BlackDiamond 6816 Switch Showcased at CeBIT, March 13 - 15, Hannover, Germany, Hall 16, Stand C06
HANNOVER, Germany--(BUSINESS WIRE)--March 12, 2002-- Ixia (Nasdaq: XXIA - news), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, is being showcased in Extreme Networks Inc.`s (Nasdaq: EXTR - news) booth at the CeBIT exhibit.

Extreme Networks is utilizing the powerful capability of Ixia`s Optixia, the world`s largest performance analysis platform with the highest port density available, to transmit traffic through its largest core switching platform, the BlackDiamond® 6816. Optixia is the first network performance analyzer and traffic generator to offer up to 480 ports of 10/100 Mbps Ethernet or 240 ports of Gigabit Ethernet in one chassis with one RISC CPU running LINUX per port. The BlackDiamond 6816 switch features 768 10/100 Mbps Ethernet ports and can support a maximum of 1536 10/100 TX ports. The Optixia platform will verify the performance of the BlackDiamond switch while emulating a fully meshed Layer 3 Internet Protocol (IP) network at wire-speed.

``We are very excited to be working with Ixia at CeBIT,`` said Martin Van Schooten, marketing director of EMEA for Extreme Networks. ``With its support and technology we will be able to fully demonstrate the powerful capabilities of Extreme Networks` Ethernet switching solutions. The BlackDiamond 6816 core switch offers an industry leading combination of wire-speed performance, very high port density and Layer 2 and Layer 3 routing capabilities in a single Ethernet platform. The advanced testing capabilities offered by the Optixia platform will truly demonstrate these capabilities and highlight the BlackDiamond 6816`s position as the leading hardware-based, Layer 3 switch.``

Extreme Networks` BlackDiamond 6816 leads the industry in density with up to 192 Gigabit Ethernet ports in a single chassis and will accommodate a maximum of 1536 10/100BASE-TX ports, or 512 100BASE-FX ports when fully populated with the F32Fi module. The BlackDiamond switch also supports a maximum of 128 Gigabit Ethernet ports when fully populated with the G8Xi and G8Ti modules, or 192 Gigabit Ethernet ports when fully populated with the G12SXi modules.

``We are extremely pleased to join with Extreme Networks in this unprecedented test at the CeBIT show,`` said Eran Karoly, vice president of marketing for Ixia. ``Optixia offers our customers the kind of comprehensive solution for performance verification that simply wasn`t available before. Ixia is dedicated to providing its customers with products like the Optixia platform that support today`s need for very high port density as demonstrated by Extreme Network`s BlackDiamond 6816.``

Optixia supports Ixia`s existing interface Load Modules, including OC-3c/12c/48c/192c Packet Over SONET, OC-48c/OC-192c BERT, 10/100/1000 Mbps Ethernet, and USB interfaces. Optixia offers unprecedented port density and enables verification of sophisticated networking protocols such as BGP-4, MPLS RSVP-TE, OSPF, IS-IS, and RIP, as well as hardware assisted Layer 4-7 application stressing of content aware routers. Optixia supports all of Ixia`s existing interface Load Modules, including its 10 Gigabit Ethernet Load Modules -- the industry`s most comprehensive 10 Gigabit Ethernet test solution, including XAUI and XAUI BERT electrical interfaces, 10BASE-SR, 10GBASE-LR, 10GBASE-ER, 10GBASE-LW, 10GBASE-EW optical interfaces, and a combined OC-192 POS/BERT/WAN solution.

About Extreme Networks, Inc.

Extreme Networks, Inc., delivers the most effective applications and services infrastructure by creating networks that are faster, simpler and more cost-effective. Headquartered in Santa Clara, Calif., Extreme Networks markets its network switching solutions in more than 50 countries. For more information, visit www.extremenetworks.com.

Extreme Networks and BlackDiamond are registered trademarks of Extreme Networks, Inc.

About Ixia

Ixia (Nasdaq: XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution. For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

The Ixia logo is a registered trademark of Ixia. Extreme Networks and BlackDiamond are registered trademarks of Extreme Networks, Inc. in the United States and other countries.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 001.818.871.1800
[e-mail]
Lori Choi, 001.818.444.2334
[e-mail]
or
Harvard Germany for Extreme Networks
Stephanie Weckerle, 0049.8953295732
[e-mail]
or
Extreme Networks
Greg Cross, 408/579-3483
[e-mail]

[Chipdesign]

Ixia Equipment Used by Multiple Developers to Demonstrate 10 Gigabit Ethernet at OFC
Ixia Will Be Demonstrating Its Comprehensive Suite of 10 Gigabit Ethernet Testing Solutions at OFC, March 17-22, Booth #6109
CALABASAS, Calif.--(BUSINESS WIRE)--March 18, 2002-- Ixia (Nasdaq: XXIA - news), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, is pleased to announce that a variety of 10 Gigabit Ethernet component and network equipment developers will be using Ixia 10 GbE test solutions to demonstrate their products.

``Ixia has worked very hard to develop a comprehensive suite of 10 Gig Ethernet solutions that meet the real-world needs of a diverse set of manufacturers,`` said Frank Zajaczkowski, director of marketing for Ixia. ``We are pleased to be able to provide testing solutions that not only shorten the time-to-market cycle for these developers, but solutions that contribute to furthering the state-of-the-art of these important networking technologies.``

Companies attending OFC and featuring Ixia`s 10 Gigabit analysis solutions include:

Agere Systems -- Booth # 4001
BitBlitz Communications, Inc. -- Booth # 2573
Broadcom Corporation -- Booth # 2287
GTRAN -- Booth # 2077
Optillion -- Booth # 5008
Quake Technologies -- Booth # 1453
PicoLight, Inc. -- Booth # 2093
Ixia`s comprehensive 10 Gigabit suite of products includes the world`s first XENPAK interface Load Module, and the world`s first and only XAUI interface Load Module. The Ixia XENPAK Load Module implements the latest draft of the XENPAK Multi-Source Agreement (MSA), supporting hot pluggable 10 Gigabit Ethernet transceivers, which slide into the Load Module through a PCB cut-out and connect via an industry-standard 70 pin connector. By supporting all IEEE 802.3ae approved optical interfaces, interoperability with multiple XENPAK transceiver vendors is assured.

Ixia`s XAUI test solutions are compliant with the latest draft of the IEEE 802.3ae standards and provide additional support for Bit Error Rate Testing (BERT). The Ixia XAUI BERT tester is programmable to be concatenated for single pattern and statistics over all four channels or channelized for independent patterns and statistics on each of the four channels. Ixia`s XAUI performance analysis solutions are designed to assist developers of Quad SerDes, LAN, and WAN PHYs with a XAUI interface.

Ixia`s optical interfaces include 10BASE-SR, 10GBASE-LR, 10GBASE-ER, 10GBASE-LW, 10GBASE-EW, as well as a combined OC-192 POS/BERT/WAN Solution.

All of Ixia`s 10 GbE interface Load Modules are available now.

About Ixia

Ixia (Nasdaq: XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[Chipdesign]

Ixia Introduces the Industry`s First High-Density BERT Solution Designed for DWDM and All-Optical Switch Systems
CALABASAS, Calif.--(BUSINESS WIRE)--March 19, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multi-port network performance analysis systems, introduced today the industry`s first high-density Bit Error Rate Testing (BERT) solution targeted to meet the needs of DWDM and all-optical switch manufacturers.

The new BERT Load Module contains eight transmit and eight receive ports that each generate and analyze independent test patterns. The Load Modules provide unprecedented port-density (128 test ports per IXIA 1600T chassis), allowing system vendors to economically test 160 channel DWDM systems and all-optical switches scaling to hundreds or even thousands of ports.

``Until now, manufacturers of DWDM and all-optical switches didn`t have a good option for performance validation. Existing solutions were too expensive, too complex, and too large to be practical. Ixia is proud to deliver a solution to these manufacturers that will allow them to conduct comprehensive, system-level verification for the first time,`` said Josh Goldstein, director of product management for Ixia. ``Our new BERT Load Modules raise the bar in terms of cost-effectiveness, space utilization, and functionality.``

The Ixia test solution allows performance verification of devices that are speed and protocol independent, and operates at OC-3, OC-12, OC-48, Gigabit Ethernet, Fibre Channel 1, and Fibre Channel 2 data rates. Each corresponding Forward Error Correction (FEC) data rate can also be tested. In addition, important physical layer measurements, such as insertion loss and receive optical power, can be checked.

The Ixia BERT Load Modules can be utilized within the IXIA 1600T, IXIA 1600, IXIA 400, and IXIA 100 chassis, offering a scalable solution appropriate for any test size. Up to 128 BERT ports are supported in a single IXIA 1600T chassis. Further scalability is provided by combining up to 256 chassis in a single chassis cluster, which is capable of delivering thousands of BERT ports, all synchronized with a distributed clock or via GPS. The BERT Load Modules operate seamlessly with Ixia`s other Load Modules, such as 10 Gigabit Ethernet, Gigabit Ethernet over copper and fiber, 10/100/1000 Mbps Ethernet, OC-3c/OC-12c/OC-48c/OC-192c Packet Over SONET, and OC-48c/OC-192c SONET-framed BERT optical interface Load Modules.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces - Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[corvis]

xxia ist eine feine Firma!

Die Gewinne macht!!!!

Das heißt schon was...

immer noch in Deutschland unbekannt,das wird sich ändern!


Mfg

[optical]

@corvis

XXIA ist klasse!

haben starken rebound




gruß

[corvis]

[corvis]

Ixia Announces Partnership with Comtest Testing Solutions as Distributors Throughout Canada
CALABASAS, Calif.--(BUSINESS WIRE)--April 2, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, today announced a partnership with Comtest Testing Solutions (CTS) to distribute Ixia products throughout Canada. CTS is a leading supplier of telecom testing solutions with more than 500 customers, including manufacturers of switching, transmission and PBX products, as well as Canadian telephone companies, access providers, networks, and system integrators. In addition to their headquarters in Ottawa, Ontario, Comtest has offices in Montreal, Toronto and Vancouver, which allows them to support the high tech regions of Canada.

``We are pleased to partner with Comtest, and believe that this agreement will allow us to expand our presence in the Canadian market,`` said Dave Anderson, vice president of worldwide sales and business development for Ixia. ``We are confident that CTS`s strong reputation for service and reliability will prove to be a significant asset for us, and we are excited to have their knowledgeable and experienced sales and support staff representing Ixia.``

CTS will represent Ixia`s extensive range of hardware and software test solutions to meet the high capacity demands and sophisticated technical requirements of today`s telecommunication equipment and networks. These applications include Synchronous Optical Networks (SONET), Voice over IP (VoIP), 10 Gigabit Ethernet, Gigabit Ethernet, Web Applications, and Routing.

``Comtest Testing Solutions has an ongoing mandate to work with our partners to ensure that solutions for the next-generation`s bandwidth-intensive applications will be supported. Our impressive customer-base and our experience has provided us with extensive technical knowledge which we will leverage on Ixia`s behalf,`` said Don Klepacki, national sales manager, of CTS.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling, and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail], or visit our Web Site at http://www.ixiacom.com.

About Comtest Testing Solutions

Comtest Testing Solutions (CTS) was created as a division of Comtest Instruments Ltd. (CIL) on June of 2001. Backed with the human resources, financial strength and established reputation of its parent company, CTS continues its 30-year tradition of providing leading-edge test, measurement and automation solutions for the Canadian telecommunication industry. CTS markets its products to over 500 customers across Canada. Our customers cover the telecommunications industry from research and development, product verification, manufacturing, carriers and service providers.

For more information about CTS, please contact us at 1 Raymond Street, Ottawa, ON Canada K1R 1A2; [phone], Fax: [phone]; Email us at: [e-mail], http://www.comtest.ca.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[corvis]

Ixia, IKOS, IP Infusion and OSE Systems Join for Worldwide Seminar Series on Communications System Design
Solutions to Accelerate Time-to-Market for Developers of Communication Chips, Protocols, Systems and Software
CALABASAS, Calif.--(BUSINESS WIRE)--April 17, 2002-- Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis and network optimization systems, announced today a joint seminar tour with IKOS, IP Infusion and OSE Systems. This worldwide seminar will cover 10 cities over six weeks, beginning April 16th.

``Ixia is happy to participate in this seminar series to demonstrate how its performance and conformance analysis solutions are designed as flexible tools for a wide variety of analysis applications,`` said Eran Karoly, vice president of marketing for Ixia. ``This seminar will demonstrate the importance of sophisticated analysis solutions as well as emulation tools, off-the-shelf operating systems and protocols in accelerating time-to market of communication systems design.``

Offered at no cost, the seminar program will feature a wide range of sessions, all of which are focused on enabling faster and more reliable system deployment. The seminar topics include: Ixia`s wide range of performance analysis solutions for Ethernet, 10 Gigabit Ethernet and Layer 4 through 7 content aware switching, as well as performance and conformance testing; IP Infusion tools for accelerating the development cycle by utilizing COTS (Common off-the-shelf) development tools for protocol implementations; IKOS` emulator technology which can raise the abstraction level and increase the productivity of test-bench methodologies through advanced test bench modeling techniques; and OSE Systems` powerful platform for the design of real-time embedded systems, including the OSE Real-Time Operating System (RTOS) and system level analysis tools for building heterogeneous, high-availability and fault-tolerant applications to satisfy the requirements of today`s complex systems.

``This seminar series will arm hardware, embedded systems and software developers with the knowledge they need to get their communication systems designs to market more quickly,`` said Gary Hemminger, vice president of marketing for IP Infusion. ``We are pleased to be collaborating with Ixia, IKOS and OSE Systems to enable our customers to take full advantage of our companies` respective development, verification and validation solutions.

``OSE Systems is excited to have this opportunity to show our complementary strengths in the areas of RTOS simulation, application development, and software testing and analysis of multiple CPU and DSP fault-tolerant, real-time designs as an integral part of the total solution provided by Ixia, IKOS, IP Infusion and OSE Systems.``

``IKOS Systems is also excited to participate in this joint seminar series with Ixia, IKOS, IP Infusion and OSE Systems. IKOS and Ixia are both leaders in our respective fields; together we are providing best-in-class solutions for our common customers,`` according to Juergen Jaeger, IKOS Systems, Director Channel Marketing. ``The purpose of the seminar is to give attendees a unique opportunity to get the latest information on state-of-the-art design and verification tools for communication and networking design.``

This 10-city tour begins in Dallas, TX on April 16th, then continues to San Jose, April 18th; Ottawa, Canada, April 23rd; Boston, MA, April 25th; RTP, NC, April 30th. In May, the seminar series heads to Europe in Helsinki, Finland, May 14th; Munich, Germany, May 16th; and then to the Asia-Pacific region with Tokyo, Japan, May 21st; Seoul, Korea, May 23rd; and Hsincchu, Taiwan, on May 28th.

Expected to attend this complimentary seminar will be today`s designers, software developers and hardware engineers who require rapid and precise system development tools. These systems architects and communications equipment designers are developing embedded communication protocols, designing network software and developing network elements.

If you would like more information or would like to register for these free seminars, please go to the following URL, http://www.ixiacom.com/seminars.php." target="_blank" rel="nofollow ugc noopener">http://www.ixiacom.com/seminars.php.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network operations monitoring, traffic engineering, traffic profiling and security. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

About IKOS

IKOS Systems, Inc. (Nasdaq:IKOS - news) is a technology leader in high-performance, hardware-assisted design verification. IKOS` mission is to develop and deliver high-performance solutions that enable its customers to verify the functional correctness of their complex electronic system designs. IKOS has direct sales operations in North America, the U.K., France, Germany, The Netherlands, Japan and India, and a distribution network throughout Asia-Pacific. The corporate headquarters is located at 79 Great Oaks Blvd., San Jose, Calif. 95119, [phone].

About IP Infusion

A leading provider of intelligent network software for enhanced IP services, IP Infusion is a developer of networking software that enables all platforms, hardware, devices and media across the Internet infrastructure to communicate with each other openly and without dependence on specific technologies or platforms. Just as Unix and Windows are central to the PC and server markets, this leading-edge software will drive the communication equipment market by providing the intelligence and manageability needed to develop equipment for creating enhanced IP services. IP Infusion was founded in 1999 and has more than 60 employees in its San Jose, Calif., headquarters and elsewhere in the U.S., Asia and Europe. The company has a growing global customer base in the wired and wireless networking markets and has alliances with the primary network processor (NPU) suppliers. IP Infusion is a member of the Network Processing Forum and an active participant in the IETF. For more information about the company and its products, call [phone] or visit www.ipinfusion.com.

About OSE Systems

OSE Systems is the technological leader of real-time operating systems software, tools and services for the communications market. OSE is also used in safety-critical, high-availability, distributed and fault-tolerant applications such as avionics and industrial control. Customers include industry leaders such as Ericsson, Lockheed Martin, Samsung, Agere Systems, Sony and Boeing. OSE Systems is a subsidiary of Enea Data (SAXESS:ENEA), who markets and sells services and training in specialized technical arenas, including real-time application development and support for embedded systems as well as IT and e-business solutions. For more information about the company and its products, please call [phone], or visit http://www.ose.com.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800

[corvis]

Ixia Announces First Quarter Financial Results
CALABASAS, Calif.--(BUSINESS WIRE)--April 17, 2002--Ixia (Nasdaq:XXIA - news) today reported financial results for the first quarter ended March 31, 2002.

Net revenues for the first quarter of 2002 were $15.4 million compared to $28.8 million reported for the first quarter of 2001. Pro forma net income was $2.3 million, or $0.04 per diluted share, compared to $9.0 million, or $0.14 per diluted share, for the same period last year.

Pro forma net income excludes the effect of non-cash charges for stock-based compensation associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000. Reported net income on a GAAP basis for the first quarter of 2002, including stock-based compensation charges, was $968,000, or $0.02 per diluted share, compared to $4.7 million, or $0.08 per diluted share, for the first quarter of 2001.

``While our revenues were down sequentially in a very difficult market for telecom equipment companies, we saw improved sales and quote activity in March,`` commented Errol Ginsberg, President and Chief Executive Officer of Ixia. ``First quarter results were driven by solid demand for Gigabit Ethernet cards, Packet Over SONET OC-48 and a continuing strong performance of our new 10 Gigabit Ethernet product line. International sales also played an important role with solid sales through distributors to network equipment manufacturers and carriers in Japan, Korea and Israel. Based on March sales activity we are cautiously optimistic and expect revenues to be flat to slightly up in the second quarter.``

As of March 31, 2002, Ixia had $112.8 million in cash and investments with no long-term debt.

``We continue to generate strong cash from operations and are taking advantage of this downturn to expand our product line and addressable markets,`` Mr. Ginsberg continued. ``In the first quarter, we completed the acquisition of the ANVL product line from Empirix, complementing our product portfolio by adding a leading suite of protocol conformance testing. Our sales force and distributors are ramping up to sell ANVL and we expect the product line to enable further customer penetration and to start contributing to our results in the second quarter.``

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. EST. Open to the public, a live Web cast of the conference call will be accessible from the ``Investors`` section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces - Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

The Ixia logo is a registered trademark of Ixia. Ixia is a trademark of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as ``may,`` ``will,`` ``expect,`` ``plan,`` ``believe,`` ``estimate,`` ``predict`` or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2001. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.


IXIA
Pro Forma Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months ended
March 31,
2002 2001
------- -------

Net revenues $15,442 $28,823
Cost of revenues 2,840 5,648
------- -------
Gross profit 12,602 23,175

Operating expenses:
Research and development 3,804 3,048
Sales and marketing 4,091 4,763
General and administrative 1,733 1,825
Amortization of
purchased intangible assets 168 --
------- -------
Total operating expenses 9,796 9,636
------- -------

Income from operations 2,806 13,539
Interest income, net 639 1,280
------- -------
Income before income taxes 3,445 14,819
Income tax expense 1,137 5,833
------- -------
Net income $ 2,308 $ 8,986
======= =======

Earnings per share:
Basic $ 0.04 $ 0.17
Diluted $ 0.04 $ 0.14

Weighted average number
of common and common equivalent
shares outstanding:
Basic 56,233 53,541
Diluted 60,775 62,336


The above pro forma results have been adjusted to exclude the
non-cash charges for stock-based compensation associated with the
issuance of stock options, warrants and restricted stock prior to the
Company`s initial public offering in October 2000.

Reported results including these charges are presented on the next
page:

IXIA
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months ended
March 31,
2002 2001
------- -------
Net revenues $15,442 $28,823
Cost of revenues(1) 2,978 5,910
------- -------
Gross profit 12,464 22,913

Operating expenses:
Research and development 3,804 3,048
Sales and marketing 4,091 4,763
General and administrative 1,733 1,825
Amortization of purchased
intangible assets 168 --
Stock-based compensation(2) 1,652 3,969
------- -------
Total operating expenses 11,448 13,605
------- -------

Income from operations 1,016 9,308
Interest income, net 639 1,280
------- -------
Income before income taxes 1,655 10,588
Income tax expense 687 5,856
------- -------
Net income $ 968 $ 4,732
======= =======

Earnings per share:
Basic $ 0.02 $ 0.09
Diluted $ 0.02 $ 0.08

Weighted average number of
common and common
equivalent shares
outstanding:
Basic 56,233 53,541
Diluted 60,775 62,336

--------------
(1) Stock-based compensation included
in cost of revenues $ 138 $ 262
======= =======

(2)Stock-based compensation included in:
Research and development $ 1,011 $ 2,050
Sales and marketing 409 1,105
General and administrative 232 814
------- --------
$ 1,652 $ 3,969
======= ========


IXIA
Consolidated Balance Sheets
(in thousands)

March 31, December 31,
2002 2001
---------- -----------
(unaudited)
Assets
Current assets:
Cash and cash equivalents $ 63,387 $ 116,643
Short-term investments 17,532 --
Accounts receivable, net 10,670 7,534
Inventories 4,584 3,316
Income taxes receivable 1,373 2,598
Prepaid expenses and
other current assets 4,374 4,460
--------- ---------

Total current assets 101,920 134,551

Investments 31,891 --
Property and equipment, net 7,043 6,821
Goodwill 2,451 848
Other intangible assets, net 5,436 1,688
Other assets 258 258
--------- ---------

Total assets $ 148,999 $ 144,166
========= =========

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 2,333 $ 1,482
Accrued expenses 3,763 3,317
Deferred revenues 1,814 1,546
--------- ---------

Total liabilities 7,910 6,345

Shareholders` equity:
Common stock, without par value;
200,000 shares authorized, 56,633
and 55,810 shares issued and
outstanding as of March 31, 2002
and December 31, 2001, respectively 78,028 77,764
Additional paid-in capital 46,805 46,933
Deferred stock-based compensation (7,254) (9,418)
Retained earnings 23,510 22,542
--------- ---------

Total shareholders` equity 141,089 137,821
--------- ---------

Total liabilities and
shareholders` equity $ 148,999 $ 144,166
========= =========



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325 (Chief Financial Officer)
[e-mail]
or
the blueshirt group
Chris Danne, 415/217-7722

[corvis]

Ixia Introduces IxAttack Application to Help Prevent Crippling Distributed Denial Of Service -- DDoS -- Attacks
Wire-Speed Test Simulates DDoS Attacks
CALABASAS, Calif.--(BUSINESS WIRE)--April 23, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis systems introduced today IxAttack, a wire-speed Distributed Denial Of Service (DoS) attack generation application.

DDoS attacks are malicious acts intended to tie up Internet servers, networking facilities, such as routers and gateways, and end user client machines. These attacks are designed to hinder networking devices from performing their normal function. Although DoS attacks may be targeted at any networking device, most attacks are aimed at servers since these devices are more visible, and crippling them affects all client machines utilizing them.

``Service providers, content providers, and application service providers, all face the risk of having their networking devices severely affected by DoS Attacks,`` said Eran Karoly, vice president of marketing for Ixia. ``Until today there was no practical way of testing the resiliency of networking devices against such attacks. With the introduction of Ixia`s wire-speed DDoS attack generation application, providers can now simulate a variety of DoS attacks against their network devices at full wire speed, thus emulating a real-life DoS attack.``

IxAttack allows for creation of diverse attack sequences from up to sixteen traffic generation ports at any given time, thus emulating local or Distributed Denial of Service (DDoS) attacks. The application is supported on Ixia`s 10/100 Mbps Ethernet and Gigabit Ethernet traffic generation and analysis Load Modules. Each of the generating ports may be configured to transmit up to sixteen different DoS attacks in any desired order. The user may then create extensive libraries of DoS test scenarios which may be stored for future use.

``The ability to generate different types of DoS attacks at any desired order and at any given frequency is crucial in identifying weaknesses in network defenses,`` added Karoly. ``While a network defense such as a firewall could successfully resist individual attack types, it may fail when certain sequences of attacks are being applied.``

The current version of Ixia`s DoS traffic generation application supports the following DoS Attacks: ARP Attack, Ping Attack, Ping of Death Attack, Smurf Attack, Unreachable Host Attack, Land Attack, Teardrop Attack, Syn Attack.

Application available now.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800, [e-mail]
Lori Choi, 818/444-2334, [e-mail]

[corvis]

Ixia`s IPv6 Test Series Named Finalist in the Best of Interop Awards for NetWorld+Interop 2002 Las Vegas
New IPv6 Test Series Will Be Demonstrated at Ixia`s Booth #6067
LAS VEGAS--(BUSINESS WIRE)--May 6, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multiport network performance analysis and optimization systems, was named a Finalist in the Network Test and Measurement Category of the Best of Interop Awards competition by CMP Media`s Network Computing, InformationWeek and EE Times. The winners will be selected at NetWorld+Interop 2002 Las Vegas to be held May 7-9, 2002.

Ixia`s IPv6 (Internet Protocol version 6) Test Series is the first comprehensive tool for conformance, emulation and performance testing to address the emerging IPv6 standards.

"We are proud to have been selected as Finalists for the Best of Interop Awards at N+I for the IPv6 Test Series," said Eran Karoly, vice president of marketing for Ixia. "Following the introduction by Ixia of the industry`s first IPv6 conformance test suite, Ixia is now delivering the first complete IPv6 test solution, helping developers of next-generation networking equipment migrate seamlessly to emerging technologies and speed their time-to-market cycles."

The IPv6 Test Series includes IPv6 conformance validation utilizing Ixia`s ANVL test suites, simultaneous IPv4 and IPv6 traffic generation and analysis at wire speed for testing dual-stack and tunneling migration methodologies, IPv6 encodes and decodes, as well as IS-IS and RIPng protocol emulation. Identification of IPv6 routers in a network is facilitated using the Neighbor Discovery Protocol (RFC 2461). Address Auto configuration (RFC 2462) and Path MTU Discovery Protocols are also supported.

The editors of Network Computing, InformationWeek and EE Times, three of CMP Media`s premier information technology publications, reviewed over 250 submissions, evaluating hundreds of new products. Finalists were then selected in 11 categories. Ixia`s IPv6 Test Series was named a Finalist in the Network Test and Measurement Category. The Best of Interop Award is designed to help IT and network managers shorten the evaluation process in assessing new technology products. By identifying innovative products debuted at NetWorld+Interop, the Best of Interop Awards assists in the quest for creative Internet-enabled solutions.

"When selecting finalists for the Best of Interop Awards, we`re looking for products that stand out from the competition by providing a unique solution to a problem or one that blazes new territory in the networking arena," explained Ron Anderson, lab director for Network Computing and head of the joint editorial judging for the Best of Interop Awards.

"This year`s list of entries was particularly broad and diverse, perhaps surprising given the industry downturn. It was a difficult task to narrow down these stellar entrants," said Loring Wirbel, editorial director of communications for CMP`s Electronics Group.

The Ixia IPv6 Test Series is seamlessly integrated into IxExplorer, Ixia`s highly regarded packet generation and analysis software, as well as into Ixia`s ScriptMate software, a sophisticated, Tcl/Tk-based graphical user interface that provides powerful methods to browse and access a variety of pre-built test suites.

All of Ixia`s processor-based Load Modules support the IPv6 Test Series, including 10/100 Mbps Ethernet, 1Gbps Ethernet, 10Gbps Ethernet, OC3, OC12, OC48 and OC192 Packet Over SONET (POS).

NetWorld+Interop

NetWorld+Interop is the world`s premier education and interactive event forum for technical professionals responsible for network and IT strategies from large enterprise and service provider organizations. The professional and business interests of the community are promoted through 4 proven elements: Quality education taught by experts in networking, technology demonstrations featured in our InteropNet programs, an interactive show floor featuring top networking and telecommunications vendors, and a global platform delivering quality events in 6 countries.

CMP Media LLC

CMP Media LLC (http://www.cmpnet.com) is a leading high-tech media company providing essential information and marketing services to the entire technology spectrum -- the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, research, direct marketing services, education and training, trade shows and conferences, custom publishing, testing and consulting.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[corvis]

Ixia Adds Wire-Speed Gigabit Ethernet Testing to Its High-Performance Protocol Verification and Web Stressing Applications
NetWorld+Interop Spring, May 7-9, 2002, Las Vegas Convention Center, Booth #6067
LAS VEGAS--(BUSINESS WIRE)--May 6, 2002-- Ixia (NASDAQ:XXIA - news), a leading provider of high-speed, multi-port network performance analysis and network optimization systems, today introduced its TXS Layer 2-7 Gigabit Ethernet Load Modules at NetWorld+Interop, Spring. These interface Load Modules are the industry`s highest performance analysis tools and integrate a high-performance RISC PowerPC. The Load Modules combine complex wire-speed Layer 2 and 3 traffic generation and analysis with true Layer 4 through 7 session emulation. Ixia`s Load Modules are used by ISPs, NSPs and network equipment test engineers to verify both the functionality and performance of intelligent 10/100/1000 Mbps network devices, such as Web switches, Web servers and server load balancers.

"The development of our TXS series of CPU per-port Load Modules reinforces Ixia`s commitment to providing the industry with comprehensive solutions for testing next-generation networks," said Charles Bettinelli, Ethernet product manager for Ixia. "With each port integrating a powerful RISC processor running the Linux operating system, our customers now have an extremely flexible test platform to address a wide range of the analysis needs, from Layer 2 through Layer 7, and including sophisticated routing protocols, so important in verifying today`s content aware devices."

As the demand for Web applications grows, such as online trading, banking and "shopping-cart" transactions, so does the demand for intelligently designed applications and switches to load balance the traffic to Web servers, cache servers and applications servers. The TXS Load Modules enable equipment manufacturers and content providers to fully stress test and analyze their devices and networks before deployment into live networks.

With 4 ports in a single module and up to 64 ports in a single IXIA 1600T chassis, the TXS Load Modules deliver the highest port-density available in the industry today. Each port has the flexibility to emulate multiple protocols, supporting IS-IS, MPLS (RSVP-TE, LDP), RIP, OSPF and BGP-4, concurrently. Every port on the copper-based TXS Load Module features auto-negotiable data rates of 10, 100 and 1000 Mbps, allowing for true scalability within a single interface card, while each port on the fiber-based Load Module supports 1000 Mbps via a pluggable SFP transceiver for single-mode or multi-mode operation.

The per-port RISC processor implements a full TCP/IP stack residing in the Linux operating system, which allows traffic generation for Layer 4-7 applications and emulation of true TCP, HTTP and SSL sessions. The Linux implementation also makes it possible for users to develop their own custom applications, as well as run multiple Linux applications on each TXS port, thus providing a truly flexible and scalable testing platform.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[corvis]

Ixia Participates in World`s Largest 10 GbE Interoperability Network
NetWorld+Interop, Spring, May 7-9, 2002, Las Vegas Convention Center, Booth #6225
LAS VEGAS--(BUSINESS WIRE)--May 7, 2002--Ixia (Nasdaq:XXIA - news), a leading provider of high-speed, multi-port network performance analysis and network optimization systems, is participating in the world`s largest 10 GbE interoperability demonstration this week at NetWorld+Interop in Las Vegas, Nevada, May 7-9. As a Principal Charter Member of the 10GEA, Ixia will demonstrate the interoperability of its 10 Gigabit Ethernet performance analysis solutions with the networking industry`s leading equipment manufacturers, including Blaze Network Products, Cisco Systems, Enterasys Networks, Extreme Networks, Force10 Networks, Foundry Networks, Infineon Technologies, Intel, JDS Uniphase, Marvell Semiconductor, Mindspeed, Molex, Nortel Networks, Optillion, PMC-Sierra, Primarion, Quake Technologies and Velio Communications.

Ixia is the only test vendor participating in the network systems demonstration, with its 10GBASE-R and 10GBASE-W interfaces, and also the chip-to-chip demonstration, with its XAUI and XENPAK interfaces.

"We are extremely pleased to be a member of this 10 GbE technology demonstration," said Eran Karoly, vice president of marketing for Ixia. "Our participation in both the system and chip-to-chip interoperability demonstrates our commitment to accelerating the acceptance of this new cost-effective high-bandwidth technology into the marketplace through all phases of development and deployment."

The interoperability network is a 200-plus kilometer end-to-end 10 Gigabit Ethernet network with 10 network hops and includes four of the seven port types specified in the IEEE 802.3ae (10 GbE) draft: 10GBASE-LR, 10GBASE-ER, 10GBASE-SR and 10GBASE-LW. The chip-to-chip demonstration will utilize the IEEE 802.3ae XAUI interface, and includes five of the seven port types specified in the IEEE 802.3ae draft: 10GBASE-LR, 10GBASE-ER, 10GBASE-SR, 10GBASE-LW and 10GBASE-LX4.

Ixia`s comprehensive suite of 10GbE Load Modules includes six of the seven port types specified in the IEEE 802.3ae (10 GbE) draft: 10GBASE-SR, 10GBASE-LR, 10GBASE-ER, 10GBASE-LX-4, 10GBASE-LW and 10GBASE-EW. In addition, Ixia offers the world`s first XAUI traffic generation and analysis combined with Bit Error Rate Testing (BERT), as well as the world`s first XENPAK test platform, offering functional testing of XENPAK transceivers via an industry-standard 70 pin connector. The XENPAK Load Module integrates a flexible interface that supports multiple IEEE 802.3ae-approved interfaces within a single Load Module for system verification. Ixia also offers a fully integrated OC-192 Packet Over SONET, OC-192 BERT and 10GBASE-W solution within a single Load Module (POS/BERT/WAN).

All Ixia Load Modules provide comprehensive wire-speed traffic generation, capture and analysis capabilities, real-time latency, sequence checking and sophisticated routing protocol emulation (e.g., BGP-4, MPLS (RSVP-TE, LDP), OSPF, IS-IS). The Ixia Load Modules enhance the time-to-market and interoperability of 10GbE equipment, applications and services. This broad family of 10GbE Load Modules operates seamlessly with Ixia`s existing Load Modules, such as 10/100/1000 Mbps Ethernet, OC-3c/OC-12c/OC-48c/OC-192c Packet Over SONET (POS) and OC-48c/OC-192c BERT interfaces.

About Ixia

Ixia (Nasdaq:XXIA - news) delivers powerful, distributed, multiport traffic generators and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

About the 10 Gigabit Ethernet Alliance

The 10 Gigabit Ethernet Alliance was organized to facilitate and accelerate the introduction of 10 Gigabit Ethernet into the networking market. It was founded by networking industry leaders: 3Com (NASDAQ:COMS - news), Cisco Systems (NASDAQ:CSCO - news), Extreme Networks (NASDAQ:EXTR - news), Intel (NASDAQ:INTC - news), Nortel Networks (NYSE:NT - news), Sun Microsystems (NASDAQ:SUNW - news) and World Wide Packets. Additionally, the Alliance supports the activities of the IEEE 802.3 Ethernet committee, fosters the development of the 802.3ae (10 Gigabit Ethernet) standard, and promotes interoperability among 10 Gigabit Ethernet products. For more information, visit their Web site at www.10gea.org.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[corvis]

Ixia Wins Best of Interop Award at NetWorld+Interop 2002 Las Vegas
LAS VEGAS--(BUSINESS WIRE)--May 7, 2002--Ixia (Nasdaq: XXIA - news), a leading provider of high-speed, multiport network performance analysis and optimization systems, announced today that its IPv6 Test Series was named the winner in the Network Test and Measurement Category of the Best of Interop Awards competition for NetWorld+Interop 2002 in Las Vegas. The Best of Interop awards, sponsored by CMP Media LLC`s Network Computing, InformationWeek, and EE Times, were announced during a ceremony at this year`s event.

"As the leader in conformance and performance analysis solutions, we are honored to be recognized for what we consider to be one of the industry`s top awards," said Frank Zajaczkowski, director of marketing communications for Ixia. "For five years, Ixia`s innovative test solutions have been helping developers of next generation networking equipment accelerate their time to market. Ixia`s IPv6 test series underscores our dedication to creating the very best performance analysis products for the networking community."

Ixia`s IPv6 Test Series includes IPv6 conformance validation utilizing Ixia`s ANVL test suites, simultaneous IPv4 and IPv6 traffic generation and analysis at wire speed for testing dual-stack and tunneling migration methodologies, IPv6 encodes and decodes, as well as IS-IS and RIPng protocol emulation. Identification of IPv6 routers in a network is facilitated using the Neighbor Discovery Protocol (RFC 2461). Address Auto configuration (RFC 2462) and Path MTU Discovery Protocols are also supported.

The Ixia IPv6 Test Series is seamlessly integrated into IxExplorer, Ixia`s highly-regarded packet generation and analysis software, as well as into Ixia`s ScriptMate software, a sophisticated, Tcl/Tk-based graphical user interface that provides powerful methods to browse and access a variety of pre-built test suites.

The judges -- award winning editors from CMP Media`s leading technology magazines, Network Computing, InformationWeek and EE Times -- reviewed over 250 submissions overall, and determined that Ixia`s IPv6 Test Series deserved the top honor based upon their rigorous evaluation.

By identifying innovative products debuted at NetWorld+Interop, the Best of Show Awards assist in the quest for technology-enabled solutions. The Best of Interop judges recognize only a select few groundbreaking products each year that will significantly impact and enable the future of business. Products awarded this prestigious honor signify to IT executives and managers that they are the best solutions to support an efficient and competitive business.

"Every year we must review some of the best and most promising new technology solutions, and it is always challenging to determine the winner. Using our very thorough evaluation process, Ixia`s IPv6 Test Series was selected as a Best of Interop winner because it is the most innovative solution in the Test and Measurement category," said Ron Anderson, lab director for Network Computing and lead judge of this year`s awards.

About CMP Media

CMP Media (www.cmp.com) is a leading high-tech media company providing essential information and marketing services to the entire technology spectrum -- the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers` comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, research, direct marketing services, education and training, trade shows and conferences, custom publishing, testing and consulting.

About NetWorld+Interop

NetWorld+Interop is the world`s premier education and interactive event forum for technical professionals responsible for network and IT strategies from large enterprise and service provider organizations. The professional and business interests of the community are promoted through 4 proven elements: Quality education taught by experts in networking, technology demonstrations featured in our InteropNet programs, an interactive show floor featuring top networking and telecommunications vendors, and a global platform delivering quality events in 6 countries

NetWorld+Interop is a Key3Media event. Key3Media Group, Inc., is the world`s leading producer of information technology tradeshows and conferences, serving more than 5,300 exhibiting companies and 1.3 million attendees through 60 events in 17 countries. Key3Media`s products range from the IT industry`s largest exhibitions such as COMDEX and NetWorld+Interop to highly focused events featuring renowned educational programs, custom seminars and specialized vendor marketing programs. For more information about Key3Media, visit www.key3media.com.

About Ixia

Ixia (Nasdaq: XXIA - news) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[panik]

Ixia Introduces IxAccess -- The Industry`s Highest Performance PPP Over Ethernet Emulation Application
IxAccess Will be Demonstrated at SUPERCOMM, June 4-5, Booth #11951
ATLANTA--(BUSINESS WIRE)--June 3, 2002--Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, multiport network performance analysis and optimization systems, announced today its IxAccess emulation application, which will be demonstrated at the SUPERCOMM trade show in Atlanta this week. Ixia`s IxAccess provides network equipment manufacturers and service providers with the ability to generate Point-to-Point over Ethernet (PPPoE) traffic to analyze the performance of next generation broadband access devices and networks. The PPPoE technology was developed by equipment vendors as a standard method for encapsulating PPP sessions over bridged Ethernet connections to facilitate remote peering, authentication, and billing.

"PPPoE makes it easier for service providers to provision services to support multiple users across DSL, cable, or wireless connections," said Eran Karoly, Vice President of Marketing for Ixia. "Modern remote access concentrators are designed for traffic aggregation and authentication of thousands of end user sessions. Ixia`s IxAccess can establish hundreds of thousands of these client sessions in mere seconds. This enables manufacturers of access concentrators and edge routers to characterize the session capacity, session setup rate, and setup latency of these PPPoE sessions. Ixia thus offers the industry`s highest performance PPPoE emulation application available."

IxAccess utilizes Ixia`s powerful TXS family of Load Modules operating at 10/100/1000 Mbps and Gigabit Ethernet speeds with every port implementing a full PPPoE stack, per RFC2516. With full wire-speed Layer 2 and 3 traffic generation combined with real-world PPPoE session emulation, Ixia`s IxAccess application allows the user to perform simultaneous control plane and data plane testing. Ixia`s full PPPoE stack supports PPPoE discovery, LCP negotiation, PAP/CHAP authentication, and IPCP. Sessions between the Ixia emulation application and the device being tested are maintained through keep-alive messages for every PPP connection.

IxAccess provides a comprehensive set of statistics, including connection set-up and tear-down rates, concurrent sessions established, throughput and latency, all graphically displayed in real time. In addition, a rich set of detailed PPP connection statistics are provided, assisting the user in identifying underlying causes of PPP session establishment and maintenance failures.

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas, Calif.
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[panik]

Ixia Teams With Extreme Networks to Demonstrate Leading-Edge IPv6 Capabilities
See the Joint Demonstration at Extreme Networks Booth #11231 at SUPERCOMM
ATLANTA--(BUSINESS WIRE)--June 4, 2002--Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, announced today that it is teaming with Extreme Networks, Inc. (Nasdaq:EXTR - News), a leader in Ethernet networking, to demonstrate leading-edge IPv6 capabilities at the SUPERCOMM tradeshow (Booth #11231) in Atlanta, June 4-6.

IPv6 is essential for network growth as it overcomes the limitations of IPv4 by providing increased IP address space, enhanced routing, security, reduced administrative workload, and support for emerging mobile communications devices.

Extreme Networks is at the forefront of IPv6 development. With trial installations deployed internationally, the SUPERCOMM demonstration reveals for the first time its high-performance IPv6-enabled switching and routing capabilities that establish its leadership position, providing best-of-breed solutions for next-generation networks.

"We are very happy to utilize our award-winning IPv6 Test Series to help Extreme Networks demonstrate their support of this leading-edge technology," said Eran Karoly, vice president of marketing for Ixia, "Ixia`s delivery of the first complete IPv6 test solution continues to help developers of next-generation networking equipment to support this technology and speed their time-to-market cycles. Underscoring the importance of this test suite, Ixia`s IPv6 Test Series was recently selected as Best Of Interop at the NetWorld+Interop 2002 show in Las Vegas."

"We are developing our network solutions to support IPv6 technology as it provides critical elements that deliver increased manageability and scalability of leading-edge IP networks," said Duncan Potter, vice president of marketing of Extreme Networks. "We are pleased to team with Ixia, because of Ixia`s leading position in IPv6 conformance and performance analysis tools. Ixia has delivered the tools to accelerate time to market on our IPv6-enabled products."

The demonstration will feature Extreme Networks` BlackDiamond® 6808 core Ethernet switching platform handling simultaneous IPv4 and IPv6 traffic at wire speed, in the presence of RIPng routes being generated and flapped. The IPv6 Test Series includes IPv6 conformance validation utilizing Ixia`s ANVL test suites, simultaneous IPv4 and IPv6 traffic generation and analysis at wire speed for testing dual-stack and tunneling migration methodologies, IPv6 encodes and decodes, as well as IS-IS and RIPng protocol emulation. Identification of IPv6 routers in a network is facilitated using the Neighbor Discovery Protocol (RFC 2461). Address Auto configuration (RFC 2462) and Path MTU Discovery Protocols are also supported.

The Ixia IPv6 Test Series is seamlessly integrated into IxExplorer, Ixia`s highly regarded packet generation and analysis software, as well as into Ixia`s ScriptMate software, a sophisticated, Tcl/Tk-based graphical user interface that provides powerful methods to browse and access a variety of pre-built test suites. All of Ixia`s processor-based Load Modules support the IPv6 Test Series, including 10/100 Mbps Ethernet, 1Gbps Ethernet, 10Gbps Ethernet, OC3, OC12, OC48 and OC192 Packet Over SONET (POS).

About Extreme Networks

Extreme Networks delivers the most effective applications and services infrastructure by creating networks that are faster, simpler and more cost-effective. Headquartered in Santa Clara, Calif., Extreme Networks markets its network switching solutions in more than 50 countries. For more information, visit www.extremenetworks.com.

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Note: The Ixia logo is a registered trademark of Ixia. Ixia and ANVL are trademarks of Ixia. Extreme Networks and BlackDiamond are registered trademarks of Extreme Networks, Inc. in the United States and other countries.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas, Calif.
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]
or
Extreme Networks, Santa Clara
Greg Cross, 408/579-3483
[e-mail]

[panik]

Cortex Networks Chooses Ixia`s Gigabit Ethernet Technology to Test the 10-Gigabit Optical Ethernet Broadband Network of Telecom Ottawa
By Using Multiple IXIA 400 Chassis Loaded With Gigabit Ethernet and Fast Ethernet Load Modules, Cortex Networks Was Able to Declare the Telecom Ottawa Network Tested and Approved
OTTAWA--(BUSINESS WIRE)--July 16, 2002-- Telecom Ottawa Limited (www.telecomottawa.com), a broadband data utility serving the Ottawa region, today announced that its all-optical, next-generation Ethernet-based network became operational following a rigorous testing and verification trial conducted by Cortex Networks (www.cortexnetworks.com), an international leader in the field of evaluating carrier-class networks. Cortex Networks selected Ixia (Nasdaq:XXIA - News), of Calabasas, California, leaders in multi-port traffic generators and performance analysis for data communication networks, as the third party test tool best suited to assess the tremendous capacity of this 10-gigabit optical Ethernet broadband network. The results of internal testing and the Cortex trial -- completed over a two-month period -- were announced at an event held to celebrate the business launch of Telecom Ottawa, attended by leaders from the Ottawa community, including Mayor Chiarelli.

Said Dave Dobbin, executive vice president, Telecom Ottawa, "Our goal is to be a leading provider of affordable broadband data capacity in the Ottawa region. With our network having the Cortex Networks `seal of approval,` we`ve now got independent verification that confirms we have an asset -- an incredible asset -- to significantly improve the economics and delivery of broadband capacity to the many organizations in the Ottawa region that need to be better, and more affordably, connected." Leveraging this all-optical backbone and its next generation Ethernet capabilities, Dobbin said the Telecom Ottawa network would provide customers with guaranteed levels of affordable broadband data capacity. "In addition to affordability, customers are looking for guaranteed capacity -- as opposed to sourcing bandwidth on a `best efforts` basis. We believe there`s a gap in the market for customers seeking affordability and guaranteed capacity. And we intend to provide it."

The rigorous testing schedule was headed by Cortex Networks senior vice president, Chris Hardy, who said, "We put the network through its paces and it passed with flying colors. We chose Ixia because it met or exceeded all of the requirements we needed to execute our test plan. In the end, selecting Ixia`s test tools was without doubt, the best decision. The ease with which we could conduct testing combined with Ixia`s extensive report generation capabilities allowed our team to focus on analyzing results."

About Cortex Networks

Cortex Networks specializes in providing test solutions to the telecom industry. Our fully outsourced solution includes all People, Infrastructure and Equipment required to fulfill the testing needs of Hardware Vendors and Service Providers in the telecommunications sector. Cortex Networks can provide: Performance, Regression and Custom test scenarios for IP, MPLS, ATM, GSM and UMTS. The Cortex Networks "Tested and Approved" Stamp is our assurance that all guidelines within our engineering framework were followed and can be replicated under exact circumstances. This stamp will assure those who depend on the network that it operates to the specifications which it was tested under.

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

About Telecom Ottawa

Telecom Ottawa is a broadband data utility that provides networking bandwidth to businesses and public-sector organizations in the Ottawa region. Building on many years` experience operating a large, reliable utility network for electrical power, our goal is to become a leading provider of affordable bandwidth in the region. Our management and operations team includes industry professionals and partner organizations experienced at providing quality communications services.



--------------------------------------------------------------------------------
Contact:

Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]

[corvis]

Wednesday July 17, 6:55 pm Eastern Time
Reuters Company News
Ixia profits, revenue rise despite weak market

LOS ANGELES, July 17 (Reuters) - Telecom equipment testing company Ixia Inc. (NasdaqNM:XXIA - News) reported higher net income and revenue for the second quarter on Wednesday and said it expects revenue to be flat to slightly up this quarter.
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Calabasas, California-based Ixia posted a net profit of $1.1 million, or 2 cents per share, compared with a year-earlier profit of $66,000, or break-even per share.

Excluding noncash charges for stock-based compensation, the company reported a profit of $2.2 million, or 2 cents per share. The average estimate of five analysts surveyed by Thomson First Call was for a profit on that basis of 4 cents.

Revenue in the quarter was $17.3 million, compared with $15.1 million a year earlier.

Chief Executive Errol Ginsberg told Reuters the company has been able to survive an otherwise weak telecom market because it sells its equipment, used primarily for testing routers, switches and networks, to major manufacturers like Cisco Systems Inc. (NasdaqNM:CSCO - News) and Extreme Networks Inc. (NasdaqNM:EXTR - News)

Ginsberg said such manufacturers account for about 75 percent of the company`s sales, which he said have been essentially flat from quarter to quarter since the first half of 2001.

Though the company was profitable even before its October 2000 initial public offering and has been able to maintain that since, Ginsberg said he does not foresee any recovery in the telecom industry until sometime in 2003.

Ixia shares closed up 3.4 percent at $6.12 on Nasdaq. Their 52-week high is $14.85 and their 52-week low is $4.45.

[corvis]

Ixia and Network Associates Announce Relationship to Optimize Network Performance Validation
Ixia Integrates Sniffer Technology to Produce Best of Breed Hybrid Solution
SANTA CLARA & CALABASAS, Calif.--(BUSINESS WIRE)--July 22, 2002-- Network Associates (NYSE:NET - News), the leader in security, availability and performance solutions, and Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, today announced an OEM agreement to integrate the Sniffer® Technologies protocol analysis and fault isolation capabilities with Ixia`s network verification solutions.

This new relationship provides a unique, cost-effective solution that combines extensive wire-speed network analysis and hardware level filtering with sophisticated packet level decode and automated problem detection capabilities. The combined technology enables network equipment manufacturers, service providers and IT/Network Management professionals to ensure quality product and service offerings through the added ability to perform packet level analysis of network performance issues.

"To succeed in today`s competitive market, it is essential for vendors to provide high quality, economical and reliable solutions to their customers," said Christopher Thompson, vice president of Marketing for the Sniffer Technologies product line of Network Associates. "Ixia`s unique offering enables companies to leverage the integrated power of Ixia`s problem detection capabilities and Sniffer Technologies problem resolution capabilities in a single solution, ensuring that the delivery of the ultimate quality and customer satisfaction experience is achieved at a minimal cost."

The Sniffer technology integrated into the Ixia product line supports all of Ixia`s interface Load Modules, including 10/100/1000 Mbps Ethernet, Gigabit Ethernet, 10 Gigabit Ethernet, OC3, OC12, OC48 and OC192 Packet Over SONET (POS). The technology provides pre-filtering of wire-speed network traffic in real time, utilizing Ixia`s Load Modules, combined with the comprehensive decode and problem resolution abilities of Sniffer Portable executing on the Ixia client management platform. A key advantage is the ability to re-create traffic patterns by encoding captured traffic and retransmitting it through the Ixia ports to drill down into the source of the problem. The offering also provides the first-on-the-market 10 Gigabit Ethernet decode platform, providing adopters of the technology with extensive network and device performance visibility.

"We are pleased to offer the award-winning Sniffer Portable protocol analysis tool across the entire Ixia product line," said Eran Karoly, Ixia`s vice president of Marketing. "We chose Network Associates` Sniffer Technologies because of its technical excellence and its reputation as a `best of breed` solution for proactive analysis of network elements. Combined with Ixia`s award-winning wire-speed performance analysis applications, this partnership offers a unified and easy-to-use integrated analysis platform for both network equipment vendors and users of data communications networks."

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet and USB.

Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone]; fax: [phone]; Email: [e-mail]; or visit our Web Site at http://www.ixiacom.com.

About Network Associates

Sniffer Technologies, a product line of Network Associates, is a leading provider of network, security and application management solutions designed to ensure optimal business uptime and availability. Supporting the widest range of network topologies in the industry, Sniffer Technologies` integrated product suite enables enterprises, small to medium businesses, and service providers worldwide to effectively maintain their networks and applications up and running at peak performance, 24x7.

As one of the most trusted providers of monitoring, troubleshooting and network visualization solutions, Sniffer Technologies` solution set is designed to meet the demanding availability and security requirements of organizations` Web sites; Internet applications; converged voice, video and data networks; wireless local area networks (LANs); and high-speed switched and optical networks. For more information, Sniffer Technologies can be reached on the Internet at http://www.sniffer.com.

With headquarters in Santa Clara, Calif., Network Associates, Inc. is a leading supplier of network security and availability solutions. Network Associates is composed of three product groups: McAfee Security, delivering world-class anti-virus and security products; Sniffer Technologies, a leader in network availability and system security; and Magic Solutions, a leader in innovative service management solutions. For more information, Network Associates can be reached at [phone] or on the Internet at http://www.networkassociates.com.

Note: Network Associates, Sniffer, Total Network Visibility, TNV, McAfee and Magic Solutions are registered trademarks of Network Associates, Inc. and/or its affiliates in the United States and/or other countries. All other registered and unregistered trademarks in this document are the sole property of their respective owners.



--------------------------------------------------------------------------------
Contact:

Ixia, Calabasas
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]
or
Network Associates, Santa Clara
Veronica Lopez, 650/346-5344
[e-mail]

[panik]

Light Reading Announces Layer 7 Switch Test
Leading Online Publication Will Collaborate With EANTC and Ixia On A Comprehensive Evaluation of Layer 7 `Content Switches`
Wednesday September 4, 10:01 am ET


NEW YORK, Sept. 4 /PRNewswire/ -- Light Reading (http://www.lightreading.com), the premier information resource for information on next-generation networking technologies, today announced that it had issued invitations for a comprehensive evaluation of Layer 7 "content switches."
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"Devices that switch Layer 7 application data can increase efficiency in large enterprise networks and generate revenues for service providers," says Stephen Saunders, one of Light Reading`s founding editors. "Our test will sort out who`s got the genuine article from those that are blowing smoke. Anyone who doesn`t show up for the test has probably got something to hide."

Fifteen vendors have been invited to participate in Light Reading`s bakeoff: Array Networks, F5 Networks, Cisco Systems, Extreme Networks, Foundry Networks, Inkra Networks, iPolicy Networks, Nauticus Networks, Netscreen Technologies, Nortel Networks, P-Cube, Procera Networks, Quarry Technologies, TopLayer Networks, and Wincom Systems.

The test will be undertaken for Light Reading by EANTC (European Advanced Networking Test Center), a vendor-neutral test facility based in Berlin. EANTC will use Ixia`s TXS 10/100/1000-Mbit/s Ethernet test equipment.

"We will evaluate content switches of different scales, targeting different applications, including carrier-grade switches," says Carsten Rossenhoevel, managing director, research & manufacturer testing, at EANTC. "Our test will verify HTTP Web switching, SSL secure transaction, and server load-balancing performance."

"We`re delighted to take part in this important test," says Eran Karoly, vice president of marketing at Ixia. "Our TXS product line is designed specifically to provide wire-speed Layer 2-3 traffic generation and analysis with true, high-performance, scaleable, Layer 4 through Layer 7 session emulation for verifying the performance of content-aware switches. We are committed to assisting EANTC in achieving the test objectives."

Layer 7 switches are a critical piece of next-generation networks, and a battle currently is being fought for dominance of this market between huge incumbent vendors and feisty startups.

The complete cost of the test will be borne by Light Reading, with test equipment sponsorship from Ixia. Test participants will not contribute to the cost of the test. Results will be published on both the Light Reading site and its sister site, Byte and Switch (http://www.byteandswitch.com), which focuses on data-center technologies.

About Light Reading

Light Reading launched in February 2000. Its Website, http://www.lightreading.com, delivers timely and entertaining in-depth analysis of telecom networking developments for free. Profitable from its inception, Light Reading has rapidly gained a reputation as required reading for anybody associated with next-generation Internet technology. 850,000 people visit Light Reading each month. In June 2001 Light Reading launched a sister site, Byte and Switch (http://www.byteandswitch.com), which has rapidly become the go-to destination on the Internet for independent analysis of storage networking issues.

About EANTC

The European Advanced Networking Test Center (EANTC) offers vendor-neutral network test facilities for manufacturers, service providers, and enterprise customers. Primary business areas include interoperability, conformance, and performance testing for IP, ATM, MPLS, and broadband voice-related network technologies and applications. EANTC provides network-related services, including consulting and seminars for ATM, MPLS, and other networking technologies. http://www.eantc.com

About Ixia

Ixia (Nasdaq: XXIA - News) delivers powerful, distributed, multiport traffic generators and performance/conformance analyzers for wire-speed verification of optical networking equipment; LAN, MAN, WAN, and SAN multilayer switches and routers; and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet over Sonet, BERT, 10-Gigabit Ethernet, Gigabit Ethernet, 10/100/1000-Mbit/s Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution. http://www.ixiacom.com

For further information please contact:

Blythe Teed, Marketing Manager, Light Reading
212-925-0020 x106
[e-mail]




--------------------------------------------------------------------------------
Source: Light Reading, Inc.

[panik]

Force10 Networks Chooses Ixia to Validate Gigabit and 10 Gigabit Ethernet Line Rate Performance of its New E-Series Switches
Thursday September 5, 9:07 am ET


MILPITAS & CALABASAS, Calif.--(BUSINESS WIRE)--Sept 5, 2002-- Force10 Networks Inc., the leading developer of high performance Ethernet systems, announced today that it chose Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, multiport network performance analysis systems, to provide state-of-the-art testing platforms to validate performance of its new E1200 Series switches. Ixia`s sophisticated test bed made it possible for Force10 to accurately verify line rate performance across a fully meshed configuration of 28 ports of 10 Gigabit Ethernet as well as 336 ports of Gigabit Ethernet in a single E1200.
ADVERTISEMENT


"Utilizing the Tolly Group`s independent testing services, the Ixia test platform was the clear choice to validate the E1200 because it is the only solution available that provides the massive port density for both the 28-port 10 Gigabit and also 336 ports of Gigabit Ethernet testing," said Steve Mullaney, vice president of marketing for Force10 Networks. "Ixia`s agile, reliable, and highly accurate test systems demonstrated that the E1200 provides unprecedented line-rate performance. It goes without saying that the Ixia test tools greatly accelerated our development cycle, and provided the scalability and flexibility simply not available with any other testing platform."

"Ixia was delighted to assist Force10 Networks in its mission to provide next generation networking products to the market," said Eran Karoly, vice president of marketing for Ixia. "Our wide range of analysis tools, especially our line of 10 Gigabit Ethernet load modules, offers the industry`s most comprehensive wire-speed traffic generation, analysis, and protocol support, including LAN, WAN and a combined OC192 POS/BERT/WAN platform. We congratulate Force10 on the successful completion of its testing cycle, and look forward to providing the performance analysis expertise that allows companies like Force10 to move their products swiftly from the design bench into the field."

Using the IXIA 1600T chassis with 28 10GbE traffic generation and analysis load modules, recent tests verified the following capabilities of the E1200:

Achieves 100% line-rate forwarding with ACLs enabled in tests of packet sizes above 512 bytes, and 95% to 99% line rate at frame sizes from 64 bytes to 256 bytes
Delivers 98% to 99% of line-rate throughput on 28 ports of 10 Gigabit Ethernet ports fully meshed with all packet sizes tested
Maintains packet forwarding rates regardless of operating in Layer 2 switching or Layer 3 routing mode
Demonstrates a routing table capacity of 256K BGP-routes, 64K OSPF routes, and 50K IS-IS routes
Achieves a predictable latency of just under 40 microseconds at Layer 3 using a packet size of 64 bytes in a 28 port-pair configuration
In recent Gigabit Ethernet testing using 11 IXIA 1600 chassis with 336 GbE traffic generation and analysis load modules, Ixia verified the following capabilities of the E1200:

Delivers zero-loss line-rate performance across 336 Gigabit Ethernet ports for all packet sizes in bi-directional testing
Delivers zero-loss line-rate performance across 336 Gigabit Ethernet ports for all packet sizes in full-mesh testing
Achieves predictable 41 to 57 microsecond latency across all packet sizes at 100% of the theoretical maximum throughput
Force10 Networks announced the selection of its E-Series family on September 3, 2002, by the National Center for Supercomputing Applications (NCSA) and the San Diego Supercomputer Center (SDSC) (both part of the National Science Foundation`s TeraGrid Project), Lawrence Berkeley National Laboratory, and the London Internet Exchange (LINX).

Ixia will participate in a joint demo with Force10 at the SuperComputing conference in Baltimore, Maryland, November 11-16 to demonstrate real-world high-speed networking. By combining wire-speed Layers 2-3 traffic generation with true Layer 4-7 content aware routing performance, Ixia will make it possible for Force10 to realistically simulate actual internet-scale networking performance.

About Force10 Networks

Force10 Networks, Inc. is a leading developer of scalable, high performance Ethernet systems. The innovative Force10 EtherScale ASIC architecture and FTOS software enable the E-Series to deliver unmatched scalability, line-rate performance and full L2 switching and L3 routing functionality for high performance Ethernet applications. For more information, visit Force10 Networks at www.force10networks.com

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN and SAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:
Ixia
Lori Choi, 818/444-2334
[e-mail]
or
Force10 Networks
Tim Helms, 925/606-6936
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

Ixia Announces Preliminary Third Quarter Financial Results
Tuesday October 1, 4:15 pm ET


CALABASAS, Calif.--(BUSINESS WIRE)--Oct. 1, 2002--Ixia (Nasdaq:XXIA - News) today reported preliminary financial results for the third quarter ended September 30, 2002.
ADVERTISEMENT


Net revenues for the third quarter of 2002 are expected to be approximately $16.7 to $17.0 million. This compares to revenues of $16.2 million reported in the same period of last year and $17.3 million reported for the second quarter of 2002. Expected results for the quarter are below the guidance given by management on the last earnings conference call of flat to modest sequential revenue growth in the current quarter.

Pro forma net income is expected to be approximately $0.03 per diluted share, which compares to $0.04 in the immediately preceding quarter. Net income on a GAAP basis, which includes the effect of non-cash charges for stock-based compensation, is expected to be $0.01 to $0.02 per diluted share, which compares to $0.02 per diluted share in the immediately preceding quarter.

"Our quarter was affected by a soft August and the continued tough market for telecommunications equipment," commented Errol Ginsberg, President and Chief Executive Officer of Ixia. "While September was a good booking month and we closed the quarter with strong demand, we were not able to compensate for a number of significant orders that slipped into the fourth quarter. We enter the fourth quarter with some momentum and expect to benefit from our newer product lines, such as the TXS processor based cards that target web stress testing with the generation of application layer traffic. Given that visibility remains limited, we will closely manage expenses and expect flat to modest sequential growth in the fourth quarter."

Ixia expects to generate over $2.0 million in cash for the third quarter. As of June 30, 2002, Ixia had $115.0 million in cash and marketable securities with no long-term debt.

Ixia will release final third quarter results on Thursday, October 17th and host a conference call for analysts and investors to discuss its quarterly results at 5:00 p.m. EST. Open to the public, a live Web cast of the conference call will be accessible from the "Investors" section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site.

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN and SAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Note to Editors: The Ixia logo is a registered trademark of Ixia. Ixia is a trademark of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2001. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325
[e-mail]
or
the blueshirt group
Chris Danne, 415/217-7722
[e-mail]
Brinlea Johnson, 415/217-7722
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

Ixia Announces Third Quarter Financial Results
Thursday October 17, 4:13 pm ET


CALABASAS, Calif.--(BUSINESS WIRE)--Oct. 17, 2002--Ixia (Nasdaq:XXIA - News) today reported financial results for the third quarter ended September 30, 2002.
ADVERTISEMENT


Net revenues for the third quarter of 2002 were $16.9 million compared to $16.2 million for the third quarter of 2001 and $17.3 million for the immediately preceding quarter. Pro forma net income was $2.1 million, or $0.04 per diluted share, compared to $3.9 million, or $0.06 per diluted share, for the same period last year.

Pro forma net income excludes the effect of non-cash charges for stock-based compensation associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000. Reported net income on a GAAP basis for the third quarter of 2002, including stock-based compensation charges, was $1.2 million, or $0.02 per diluted share, compared to $1.7 million or $0.03 per diluted share, for the third quarter of 2001.

"While our results were impacted by a weak August and a challenging market, we closed the quarter with solid demand," commented Errol Ginsberg, President and Chief Executive Officer of Ixia. "Revenues from our Ethernet cards grew sequentially, in part due to strong market acceptance for our new TXS series. Additionally, sales of two of our newest product lines -- ANVL conformance testing and NetOps for deployed networks -- more than doubled from the immediately preceding quarter. Overall, new products contributed to over 40% of third quarter sales. This progress is a testament to our continuing investments in R&D and Sales and Marketing to develop and sell a wide array of market leading products."

During the quarter, Ixia increased cash and investments by approximately $2.7 million and, as of September 30, 2002, Ixia had approximately $117.7 million in cash and investments with no debt.

"We continue to expand our customer base, adding over 40 new accounts and selling to over 110 different customers this quarter," added Mr. Ginsberg. "This broad support complements continuing demand from core customers such as Cisco and gives us confidence that we are winning business in a tough environment. Our financial position remains strong with gross margins of approximately 80% and flat sequential operating expenses."

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. EDT. Open to the public, a live Web cast of the conference call will be accessible from the "Investors" section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site for 30 days.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

The Ixia logo is a registered trademark of Ixia. Ixia, ANVL and NetOps are trademarks of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2001. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

-0-

IXIA
Pro Forma Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)


Three months ended Nine months ended
September 30, September 30,
------------------ -----------------
2002 2001 2002 2001
-------- ------- ------- -------

Net revenues $16,864 $16,183 $49,560 $60,152
Cost of revenues 3,343 3,444 9,463 12,311
------- ------- ------- -------
Gross profit 13,521 12,739 40,097 47,841

Operating expenses:
Research and development 4,585 3,217 12,776 9,467
Sales and marketing 4,919 3,861 14,089 12,686
General and administrative 1,751 1,520 5,293 4,928
Amortization of intangible
assets 258 -- 684 --
------- ------- ------- -------
Total operating expenses 11,513 8,598 32,842 27,081
------- ------- ------- -------

Income from operations 2,008 4,141 7,255 20,760
Interest income, net 692 961 2,071 3,306
------- ------- ------- -------
Income before income taxes 2,700 5,102 9,326 24,066
Income tax expense 594 1,228 2,733 8,642
------- ------- ------- -------
Net income $ 2,106 $ 3,874 $ 6,593 $15,424
======= ======= ======= =======

Earnings per share:
Basic $ 0.04 $ 0.07 $ 0.12 $ 0.28
Diluted $ 0.04 $ 0.06 $ 0.11 $ 0.25

Weighted average number of common
and common equivalent shares
outstanding:
Basic 57,137 54,965 56,724 54,270
Diluted 60,162 61,087 60,625 62,041



The above pro forma results have been adjusted to exclude the
non-cash charges for stock-based compensation associated with the
issuance of stock options, warrants and restricted stock prior to the
Company`s initial public offering in October 2000.

Reported results including these charges are presented on the next
page:


IXIA
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)


Three months ended Nine months ended
September 30, September 30,
------------------ -----------------
2002 2001 2002 2001
-------- ------- ------- -------

Net revenues $16,864 $16,183 $49,560 $60,152
Cost of revenues(1) 3,417 3,604 9,777 12,885
------- ------- ------- -------
Gross profit 13,447 12,579 39,783 47,267

Operating expenses:
Research and development 4,585 3,217 12,776 9,467
Sales and marketing 4,919 3,861 14,089 12,686
General and administrative 1,751 1,520 5,293 4,928
Amortization of intangible
assets 258 -- 684 --
Stock-based compensation(2) 1,013 2,202 3,972 9,505
------- ------- ------- -------
Total operating expenses 12,526 10,800 36,814 36,586
------- ------- ------- -------

Income from operations 921 1,779 2,969 10,681
Interest income, net 692 961 2,071 3,306
------- ------- ------- -------
Income before income taxes 1,613 2,740 5,040 13,987
Income tax expense 459 1,077 1,855 7,526
------- ------- ------- -------
Net income $ 1,154 $ 1,663 $ 3,185 $ 6,461
======= ======= ======= =======

Earnings per share:
Basic $ 0.02 $ 0.03 $ 0.06 $ 0.12
Diluted $ 0.02 $ 0.03 $ 0.05 $ 0.10

Weighted average number of common
and common equivalent shares
outstanding:
Basic 57,137 54,965 56,724 54,270
Diluted 60,162 61,087 60,625 62,041



(1)Stock-based compensation
included in Cost of revenues $ 74 $ 160 $ 314 $ 574
======= ======= ======= =======

(2)Stock-based compensation:
Research and development $ 593 $ 1,217 $ 2,356 $ 4,872
Sales and marketing 272 697 1,072 2,744
General and administrative 148 288 544 1,889
------- ------- ------- -------
$ 1,013 $ 2,202 $ 3,972 $ 9,505
======= ======= ======= =======




IXIA
Consolidated Balance Sheets
(in thousands)

September 30, December 31,
2002 2001
-------------- ------------
(unaudited)
Assets
Current assets:
Cash and cash equivalents $ 70,867 $ 116,643
Short-term investments 15,118 --
Accounts receivable, net 10,367 7,534
Inventories 5,557 3,316
Income taxes receivable 664 2,598
Prepaid expenses and other current
assets 4,062 4,460
-------------- ------------

Total current assets 106,635 134,551

Investments 31,687 --
Property and equipment, net 7,577 6,821
Goodwill 2,451 848
Other intangible assets, net 5,036 1,688
Other assets 567 258
-------------- ------------

Total assets $ 153,953 $ 144,166
============== ============


Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 937 $ 1,482
Accrued expenses 4,387 3,317
Deferred revenues 1,704 1,546
-------------- ------------

Total liabilities 7,028 6,345

Shareholders` equity:
Common stock, without par value;
200,000 shares authorized, 57,280
and 55,810 shares issued and outstanding
as of September 30, 2002 and
December 31, 2001, respectively 78,733 77,764
Additional paid-in capital 46,729 46,933
Deferred stock-based compensation (4,264) (9,418)
Retained earnings 25,727 22,542
-------------- ------------

Total shareholders` equity 146,925 137,821
-------------- ------------

Total liabilities and shareholders`
equity $ 153,953 $ 144,166
============== ============




--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325 (Chief Financial Officer)
[e-mail]
or
the blueshirt group
Chris Danne, 415/217-7722
[e-mail]
Brinlea Johnson, 415/217-7722
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

Email this story - Set a

[panik]

Ixia and Network Associates, Inc. Announce Real World Traffic for Real World Networks Seminar Series
Monday October 28, 9:07 am ET
Innovative analysis applications and technologies targeted at the design, development, and optimization of Enterprise network equipment and the deployed network itself


CALABASAS, Calif.--(BUSINESS WIRE)--Oct. 28, 2002-- Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, multiport network performance analysis and network monitoring systems, announced today a worldwide seminar tour in conjunction with Network Associates, Inc. The seminar tour begins in late October in Santa Clara, CA, and will continue to Canada, Europe, Israel, and selected Asia-Pacific locations through November and early December.
"This Real World Traffic(TM) seminar was created specifically for developers of content-aware devices and the network designers who are integrating these devices into their Enterprise networks," said Eran Karoly, vice president of marketing for Ixia. "The seminar will provide live demonstrations to illustrate how Ixia`s suite of Real World analysis applications effectively recreate real-world networking conditions and thus provides the kind of testing environment that can accurately validate the efficient design, deployment, and operation of today`s high-speed Enterprise networks."

Offered at no cost, the seminar presents the wide range of Ixia applications that are focused on enabling faster and more reliable design and development of next generation network devices, such as content aware switches, firewalls, XML appliances, etc., as well as important networking technologies, such as VPN, IPSec, QoS Policy, etc. Seminar topics include:

How to generate high-speed business transactions, such as Oracle, to replicate the Enterprise customer network,
How to predict the behavior of the network by emulating multiple web browser virtual users and analyzing response times of servers,
How to pin point bottlenecks in network architecture and troubleshoot switches, routers, Server Load Balancers, and application servers,
How Virtual Private Networks (VPN) and Access Concentrators should be tested for Enterprise applications,
How to capture and decode live traffic in a business network, customize it and regenerate it into a test network,
How to scale the network to thousands of users running real applications such as email, FTP, Internet Explorer, streaming media, etc.,
Generation of multiple email clients, sending and receiving mail (POP3/SMTP).
The seminar tour starts in Santa Clara, CA on October 31, then moves onto New York City on November 5; Boston, MA, November 7; Chicago, IL November 12, and Santa Clara for a second time on November 14. The tour continues internationally first in Toronto, Canada on November 19 and in Stockholm, Sweden on the same day. Other international locations include Helsinki, Finland on November 20, Tel Aviv, Israel on November 26, and London, UK on November 28. The seminar tour will also be presented in the Asia-Pacific region, including Beijing, China and Seoul, Korea.

Expected to attend this complimentary seminar are Product/Project Managers, QA or Test Lab Managers, as well as Software Developers, Engineers, and System Analysts who must be able to accurately assess the design, development and deployment issues for their enterprise networking infrastructure. Ixia`s Real World testing platforms are built around the Ixia family of TXS hardware-accelerated transaction generators. These CPU-based interface modules execute a robust variety of test applications, e.g., IxWeb, MATRiX, IxVPN, Sniffer, that are especially effective in analyzing enterprise network devices and networking efficiency.

If you would like more information or would like to register for these free seminars, please go to the following URL, http://www.ixiacom.com/seminars.php" target="_blank" rel="nofollow ugc noopener">http://www.ixiacom.com/seminars.php

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN, SAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces - Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:
Ixia
Frank Zajaczkowski, 818/871-1800
[e-mail]
Lori Choi, 818/444-2334
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

Force10 Networks` E-Series Along with Ixia`s 10 Gigabit Ethernet Analysis Platform Selected by UTStarcom -China- Ltd. to Define the Limits of High-Performance Networking
Tuesday October 29, 9:04 am ET
See this high-performance platform demonstrated in UTStarcom`s booth, number 2301, No. 2 Salon at the PT/Expo, Beijing, China, October 29 through November 2


BEIJING--(BUSINESS WIRE)--Oct. 29, 2002-- Force10 Networks Inc., the leading developer of high performance Ethernet systems, and Ixia jointly announced today that UTStarcom has chosen their equipment to demonstrate high-performance switching in their booth at the PT/Expo, Beijing, China, October 29 through November 2. Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, multiport network performance analysis systems, is providing state-of-the-art testing platforms to validate performance of Force10`s new E-Series switches, now being OEM`d by UTStarcom. Ixia`s sophisticated test bed has been selected by Force10 to accurately verify line rate performance across its 10 Gigabit Ethernet and Gigabit Ethernet platform.
"Ixia congratulates Force10 in being selected by UTStarcom, and we are pleased to have provided Force10 with our line of 10 Gigabit Ethernet LAN and Gigabit Ethernet Load Modules, to validate their high-performance switches," said Eran Karoly, vice president of marketing for Ixia. "Our 10 Gigabit Ethernet verification platform is part of our wide range of analysis tools, offering the industry`s most comprehensive wire-speed traffic generation, analysis, and protocol support."

"We`re proud to have been selected by UTStarcom, a premier vendor for 3G wireless, switches and broadband multi-service access systems," said Steve Mullaney, vice president of marketing for Force10. "Ixia`s agile, reliable, and highly accurate test systems demonstrated that the E1200 provides unprecedented line-rate performance. The Ixia test tools continue to provide us with the scalability and flexibility we need to demonstrate how the capabilities of the E-Series are setting the new standard for high performance Ethernet switch/routers."

Ixia will participate in a joint demo with Force10 at the SuperComputing conference in Baltimore, Maryland November 16-22. By combining wire-speed Layers 2-3 traffic generation with true Layer 4-7 content aware routing performance, Ixia will make it possible for Force10 to demonstrate unprecedented levels of scale and performance in a cluster/grid computing network.

About Force10 Networks

Force10 Networks, Inc. is the leading developer of scalable, high performance Ethernet systems. The innovative Force10 EtherScale ASIC architecture and FTOS software enable the E-Series to deliver unmatched scalability, line-rate performance and full L2 switching and L3 routing functionality for high performance Ethernet applications. For more information, visit Force10 Networks at www.force10networks.com

About Ixia

Ixia (Nasdaq:XXIA - News) delivers powerful, distributed, multiport traffic generators, and performance/conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN and SAN multi-layer switches and routers, and sophisticated routing protocols. Its products utilize a variety of interfaces -- Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. Ixia`s network operations applications address the industry`s growing requirements for a higher level of control over network optimization, traffic engineering, traffic profiling, and security. Ixia`s analysis solutions are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, conformance adherence, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.



--------------------------------------------------------------------------------
Contact:
Ixia
Lori Choi, 818/444-2334
[e-mail]
or
Force10 Networks
Tim Helms, 925/606-6936
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

Ixia Announces Fourth Quarter Results
Thursday January 30, 4:17 pm ET
Revenues Increase 7% Sequentially, 19th Consecutive Quarter of Profitability


CALABASAS, Calif.--(BUSINESS WIRE)--Jan. 30, 2003--Ixia (Nasdaq: XXIA - News) today reported financial results for the fourth quarter ended December 31, 2002.
ADVERTISEMENT


Net revenues for the fourth quarter of 2002 increased to approximately $18.0 million compared to $17.0 million for the fourth quarter of 2001 and $16.9 million for the immediately preceding quarter. Reported net income on a GAAP basis for the fourth quarter of 2002 was $225,000, or less than one cent per diluted share, compared to $3.3 million or $0.05 per diluted share, for the fourth quarter of 2001. Reported net income included a one-time charge of $1.7 million for the write-down of assets related to the acquisition of Caimis in the fourth quarter of 2001.

Pro forma net income was $2.5 million, or $0.04 per diluted share, compared to $3.6 million, or $0.06 per diluted share, for the same period last year. Pro forma net income excludes the one-time write-down and the effect of non-cash charges for stock-based compensation associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000.

"Despite the difficult market, we had a solid quarter posting sequential revenue growth of approximately 7%," commented Errol Ginsberg, President and Chief Executive Officer of Ixia. "Sales of 10 Gigabit Ethernet products were the highest ever and OC-192 revenues were the strongest in almost two years. Additionally, we experienced another positive quarter from our ANVL product line and are seeing evidence that our new partnerships with leading software companies, such as NetIQ and Network Associates, can drive hardware sales of our products. Once again, new products contributed over 40% of our sales and we believe that our continuing investment in R&D is having a positive impact with our customers."

During the quarter, Ixia increased cash and investments by approximately $4.5 million and, as of December 31, 2002, Ixia had approximately $122.2 million in cash and investments with no debt.

"We continue to expand our customer base, adding 30 new accounts and selling to over 110 different customers this quarter," added Mr. Ginsberg. "In the fourth quarter, carrier revenues were strong at 12.4% of total revenue and we saw significant Gigabit and 10 Gigabit Ethernet orders from these customers. At the same time, sales of live network monitoring products to carriers were soft and we are concentrating our resources on expanding our core product lines that are demonstrating traction in this tough marketplace. The fourth quarter also represented our nineteenth consecutive quarter of profitability on both a reported and pro forma basis and we continue to weather the current storm in telecommunications by investing in our technology and focusing on our customers` needs."

Net revenues for the year ended December 31, 2002 were $67.6 million, which compared to $77.2 million reported for the year ended 2001. Reported net income on a GAAP basis for the year ended December 31, 2002 was $3.4 million, or $0.06 per diluted share, compared to $9.7 million, or $0.16 per diluted share, for the year ended December 31, 2001.

Pro forma net income for the year ended 2002, excluding the one-time write down of assets and the effect of non-cash charges for stock-based compensation, totaled $9.1 million, or $0.15 per diluted share, compared to $19.1 million, or $0.31 per diluted share, for the same period last year.

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. EST. Open to the public, a live Web cast of the conference call will be accessible from the "Investors" section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site for 30 days.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces - Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Ixia and the Ixia logo are a registered trademarks of Ixia. ANVL and NetOps are trademarks of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2001. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

IXIA
Consolidated Statements of Income
(in thousands, except per share data)

Three months Twelve months
ended ended
December 31, December 31,
--------------------------------
2002 2001 2002 2001
--------------------------------
(unaudited)

Net revenues $18,034 $17,005 $67,594 $77,157
Cost of revenues(1) 3,533 3,725 13,310 16,610
--------------------------------
Gross profit 14,501 13,280 54,284 60,547

Operating expenses:
Research and development 4,746 3,833 17,522 13,300
Sales and marketing 5,343 3,626 19,432 16,312
General and administrative 1,901 1,556 7,194 6,484
Amortization of intangible assets 257 57 941 57
Stock-based compensation(2) 935 1,954 4,907 11,459
Impairment of goodwill
and other intangible assets 1,677 -- 1,677 --
--------------------------------
Total operating expenses 14,859 11,026 51,673 47,612
--------------------------------

Income (loss) from operations (358) 2,254 2,611 12,935
Interest income, net 672 729 2,743 4,035
--------------------------------
Income before income taxes 314 2,983 5,354 16,970
Income tax expense (benefit) 89 (305) 1,944 7,221
--------------------------------
Net income $225 $3,288 $3,410 $9,749
================================

Earnings per share:
Basic $0.00 $0.06 $0.06 $0.18
Diluted $0.00 $0.05 $0.06 $0.16

Weighted average number
of common and common equivalent
shares outstanding:
Basic 57,430 55,405 56,902 54,550
Diluted 59,847 61,119 60,609 61,977

--------------------------------------

(1) Stock-based compensation included in
Cost of revenues $84 $155 $398 $729
================================

(2) Stock-based compensation:
Research and development $508 $1,183 $2,864 $6,055
Sales and marketing 313 501 1,385 3,245
General and administrative 114 270 658 2,159
--------------------------------
$935 $1,954 $4,907 $11,459
================================

IXIA
Pro Forma Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months Twelve months
ended ended
December 31, December 31,
--------------------------------
2002 2001 2002 2001
--------------------------------

Net revenues $18,034 $17,005 $67,594 $77,157
Cost of revenues 3,449 3,570 12,912 15,881
--------------------------------
Gross profit 14,585 13,435 54,682 61,276

Operating expenses:
Research and development 4,746 3,833 17,522 13,300
Sales and marketing 5,343 3,626 19,432 16,312
General and administrative 1,901 1,556 7,194 6,484
Amortization of intangible assets 257 57 941 57
--------------------------------
Total operating expenses 12,247 9,072 45,089 36,153
--------------------------------

Income from operations 2,338 4,363 9,593 25,123
Interest income, net 672 729 2,743 4,035
--------------------------------
Income before income taxes 3,010 5,092 12,336 29,158
Income tax expense 461 1,454 3,194 10,096
--------------------------------
Pro forma net income $2,549 $3,638 $9,142 $19,062
================================

Pro forma earnings per share:
Basic $0.04 $0.07 $0.16 $0.35
Diluted $0.04 $0.06 $0.15 $0.31

Weighted average number of
common and common equivalent
shares outstanding:
Basic 57,430 55,405 56,902 54,550
Diluted 59,847 61,119 60,609 61,977


The above pro forma results have been adjusted to exclude non-cash
charges for an impairment of goodwill and other intangibles recorded
in the fourth quarter of 2002 and stock-based compensation associated
with the issuance of stock options, warrants and restricted stock
prior to the Company`s initial public offering in October 2000.
Reported results including these charges are presented on the
preceding page.

IXIA
Consolidated Balance Sheets
(in thousands)

December 31, December 31,
2002 2001
---------------------------

Assets
Current assets:
Cash and cash equivalents $58,865 $116,643
Short-term investments 12,050 --
Accounts receivable, net 9,351 7,534
Inventories 5,121 3,316
Income taxes receivable -- 2,598
Prepaid expenses and other current assets 6,232 4,460
---------------------------

Total current assets 91,619 134,551

Investments 51,306 --
Property and equipment, net 7,003 6,821
Goodwill 1,592 848
Other intangible assets, net 4,030 1,688
Other assets 2,111 258
---------------------------

Total assets $157,661 $144,166
===========================


Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $960 $1,482
Accrued expenses 4,049 3,317
Deferred revenues 1,958 1,546
Income taxes payable 1,527 --
---------------------------

Total liabilities 8,494 6,345

Shareholders` equity:
Common stock, without par value; 200,000
shares authorized, 57,595 and 55,810
shares issued and outstanding as of
December 31, 2002 and December 31, 2001,
respectively 79,206 77,764
Additional paid-in capital 47,045 46,933
Deferred stock-based compensation (3,036) (9,418)
Retained earnings 25,952 22,542
---------------------------

Total shareholders` equity 149,167 137,821
---------------------------

Total liabilities and shareholders`
equity $157,661 $144,166
===========================



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325 (CFO)
[e-mail]
or
the blueshirt group
Chris Danne or Brinlea Johnson, 415/217-7722
[e-mail]
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[corvis]

Ixia Reiterates First Quarter Guidance and Announces Resignation of VP of Marketing
Tuesday April 1, 4:16 pm ET
First Quarter Earnings Release and Conference Call Scheduled for April 17th


CALABASAS, Calif.--(BUSINESS WIRE)--April 1, 2003-- Ixia (Nasdaq: XXIA - News) today announced the resignation effective April 4th of Eran Karoly, Vice President of Marketing, to pursue other opportunities. Mr. Karoly`s responsibilities will be temporarily taken over by David Anderson, Senior Vice President of Worldwide Sales and Business Development Operations, and Sam Bass, Executive Vice President of Operations.
"We want to thank Eran for his important contributions over the past three years and wish him all the best in his future endeavors," commented Errol Ginsberg, President and Chief Executive Officer of Ixia.

Ixia also reiterated today its first quarter guidance of modest sequential revenue growth over the fourth quarter of last year. Mr. Ginsberg added, "We expect revenues for the first quarter to increase approximately 18% to 22% on a year-over-year basis, as we continue to execute on our business plan in a difficult market."

Ixia will release first quarter earnings after the market closes on April 17, 2003 and host a conference call for analysts and investors to discuss its quarterly results at 5:00 p.m. EST. Open to the public, a live Web cast of the conference call will be accessible from the "Investors" section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site for 30 days.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators and performance analyzers for wire-speed verification of optical networking equipment, LAN, MAN and WAN multi-layer switches and routers. Its products utilize a variety of interfaces - Packet Over SONET, BERT, 10 Gigabit Ethernet, Gigabit Ethernet, 10/100/1000 Mbps Ethernet, and USB. They are distinguished by their accuracy, reliability, high port density, support for emerging protocol standards, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Note to Editors: Ixia and the Ixia logo are registered trademarks of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2002. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325 (Chief Financial Officer)
[e-mail]
or
the blueshirt group
Chris Danne, Brinlea Johnson, 415/217-7722
[e-mail]
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

Ixia Announces First Quarter Results
Thursday April 17, 4:16 pm ET
20th Consecutive Quarter of Profitability -- Revenues Increase 22%


CALABASAS, Calif.--(BUSINESS WIRE)--April 17, 2003--Ixia (Nasdaq:XXIA - News) today reported financial results for the first quarter ended March 31, 2003.
ADVERTISEMENT


Net revenues for the first quarter of 2002 increased 22% on a year-over-year basis to approximately $18.8 million compared to $15.4 million for the first quarter of 2002. Net income on a GAAP basis for the first quarter of 2003, including stock-based compensation, was $1.5 million or $0.02 per diluted share, compared to $968,000, or $0.02 per diluted share, for the first quarter of 2002.

Our GAAP results include $931,000 of non-cash charges for stock-based compensation associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000. Excluding the effect of stock-based compensation, non-GAAP net income was $2.2 million, or $0.04 per diluted share, compared to $2.3 million, or $0.04 per diluted share, for the same period last year.

"Despite the difficult market, we had another solid quarter of sequential growth and high gross margins, as we benefited from the positive impact of a number of our strategic initiatives," commented Errol Ginsberg, President and Chief Executive Officer of Ixia. "For example, our decision to go direct in Japan had a positive impact in the first quarter as we had record revenues from the Asia Pacific region. Demand for 10 Gig products also continued to be solid, decreasing from the fourth quarter but posting one of the better quarters ever on this product line. Additionally, ANVL sales grew significantly, underscoring our commitment to enhancing this data network testing solution and investing in our sales effort for this product line acquired in the first quarter of last year. Further, our decision to partner with leading software companies such as NetIQ was also a strong factor in the quarter, helping drive related hardware sales and moving us more firmly into the enterprise market."

"Sales of Packet Over SONET test products were soft and the general economic environment remains difficult but we continue to make progress introducing new products and driving into promising markets," added Mr. Ginsberg. "Our commitment to R&D paid dividends as products introduced in the last year accounted for over 40% of sales in the first quarter. Additionally, we added 29 new customers and over 20% of first quarter sales came from carrier, enterprise and government accounts. While we believe that these sales to newer markets have the potential to remain lumpy in the current environment, we believe we have the right products to further penetrate the enterprise market and expand our addressable opportunity."

During the quarter, Ixia increased cash and investments by approximately $4.9 million and, as of March 31, 2003, Ixia had approximately $127.1 million in cash and investments, or $2.20 per outstanding share with no debt.

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. ET. Open to the public, a live Web cast of the conference call will be accessible from the "Investors" section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site for 90 days.

Non-GAAP Disclosure

Certain non-GAAP financial measures are included in this press release. Our GAAP results have been adjusted to exclude stock-based compensation charges associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000. These non-GAAP financial measures are provided to enhance the user`s overall understanding of our financial performance and our prospects for the future. Specifically, we believe non-GAAP measures can provide useful information to both management and investors by excluding certain non-cash and non-recurring expenses that are not indicative of our core operating results. Further, these non-GAAP financial measures are one of the primary indicators management uses for planning and forecasting future periods. In addition, since we have historically reported non-GAAP measures to the investment community, we believe the inclusion of non-GAAP measures provides consistency in our financial reporting. The presentation of this additional information is not meant to be considered a substitute for financial measures prepared in accordance with generally accepted accounting principles. A reconciliation of GAAP to non-GAAP net income is included below.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators, and performance and conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN, and SAN multilayer switches and routers. Our analysis systems are used in the design, manufacture, and quality assurance stages of network equipment development. Our Real World Traffic solutions address the growing need to test Enterprise networks prior to deployment under real load conditions with actual business application traffic. Our network operations applications address the carrier`s needs for a higher level of control over the network itself. Ixia`s analysis solutions utilize a variety of interfaces -- 10/100/1000 Mbps Ethernet, 10 Gigabit Ethernet, Packet Over SONET, BERT, and USB, and are distinguished by their accuracy, reliability, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Ixia and the Ixia logo are registered trademarks of Ixia. ANVL and Real World Traffic are trademarks of Ixia.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2002. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

-0-

IXIA
Consolidated Balance Sheets
(in thousands)

March 31, December 31,
2003 2002
------------- ------------
(unaudited)
Assets
Current assets:
Cash and cash equivalents $ 53,905 $ 58,865
Short-term investments in marketable securities 8,151 12,050
Accounts receivable, net 10,147 9,351
Inventories 5,230 5,121
Prepaid expenses and other current assets 6,210 6,232
------------- ------------
Total current assets 83,643 91,619

Investments in marketable securities 65,062 51,306
Property and equipment, net 7,192 7,003
Goodwill 1,592 1,592
Other intangible assets, net 4,042 4,030
Other assets 2,068 2,111
------------- ------------
Total assets $163,599 $157,661
============= ============


Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 2,145 $ 960
Accrued expenses 5,453 4,049
Deferred revenues 2,375 1,958
Income taxes payable 1,859 1,527
------------- ------------
Total liabilities 11,832 8,494

Shareholders` equity:
Common stock, without par value; 200,000
shares authorized, 57,755 and 57,595
shares issued and outstanding as of March
31, 2003 and December 31, 2002,
respectively 79,292 79,206
Additional paid-in capital 47,046 47,045
Deferred stock-based compensation (2,035) (3,036)
Retained earnings 27,464 25,952
------------- ------------
Total shareholders` equity 151,767 149,167
------------- ------------
Total liabilities and shareholders` equity $163,599 $157,661
============= ============


IXIA
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months
ended
March 31,
-----------------
2003 2002
-------- --------

Net revenues $18,813 $15,442
Cost of revenues(1) 3,309 2,978
-------- --------
Gross profit 15,504 12,464

Operating expenses:
Research and development 5,030 3,804
Sales and marketing 6,039 4,091
General and administrative 1,995 1,733
Amortization of purchased intangible assets 228 168
Stock-based compensation(2) 881 1,652
-------- --------
Total operating expenses 14,173 11,448
-------- --------

Income from operations 1,331 1,016
Interest income, net 795 639
-------- --------
Income before income taxes 2,126 1,655
Income tax expense 614 687
-------- --------
Net income $ 1,512 $ 968
======== ========

Earnings per share:
Basic $ 0.03 $ 0.02
Diluted $ 0.02 $ 0.02

Weighted average number of common and common
equivalent shares outstanding:
Basic 57,632 56,233
Diluted 60,670 60,775

-----------------------------
(1) Stock-based compensation included in cost of
revenues $ 50 $ 138
======== ========

(2) Stock-based compensation included in:
Research and development $ 511 $ 1,011
Sales and marketing 255 409
General and administrative 115 232
-------- --------
$ 881 $ 1,652
======== ========


IXIA
Non-GAAP Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months
ended
March 31,
-----------------
2003 2002
-------- --------

Net revenues $18,813 $15,442
Cost of revenues 3,259 2,840
-------- --------
Gross profit 15,554 12,602

Operating expenses:
Research and development 5,030 3,804
Sales and marketing 6,039 4,091
General and administrative 1,995 1,733
Amortization of purchased intangible assets 228 168
-------- --------
Total operating expenses 13,292 9,796
-------- --------

Income from operations 2,262 2,806
Interest income, net 795 639
-------- --------
Income before income taxes 3,057 3,445
Income tax expense 877 1,137
-------- --------
Non-GAAP net income $ 2,180 $ 2,308
======== ========

Non-GAAP earnings per share:
Basic $ 0.04 $ 0.04
Diluted $ 0.04 $ 0.04

Weighted average number of common and common
equivalent shares outstanding:
Basic 57,632 56,233
Diluted 60,670 60,775



Reconciliation of Non-GAAP net income to GAAP net income (in
thousands):

Three months
ended
March 31,
----------------
2003 2002
------- --------

Non-GAAP net income $2,180 $ 2,308
Stock-based compensation (931) (1,790)
Income tax effect 263 450
------- --------
Net income $1,512 $968
======= ========



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325
[e-mail]
or
the blueshirt group
Chris Danne, 415/217-7722
[e-mail]
Brinlea Johnson, 415/217-7722
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

Ixia Acquires Exclusive Development and U.S. and Canadian Distribution Rights for NetIQ`s Chariot Product Line
Monday July 7, 8:55 am ET
Transaction is Expected to be Immediately Accretive, Builds on Initial Success of Enterprise Roll-out


CALABASAS, Calif.--(BUSINESS WIRE)--July 7, 2003-- Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, multiport network performance analysis systems, announced today that it has acquired the exclusive U.S. and Canadian distribution rights and a perpetual license to the source code for the Chariot(TM) product line from NetIQ Corp. (Nasdaq:NTIQ - News). These rights were acquired for $17.5 million, plus royalties on sales of existing Chariot products. Products developed by Ixia based on the Chariot source code will not be subject to royalty payments. Ixia has an option to purchase the remaining assets of the Chariot business after 18 months for $2.5 million.
ADVERTISEMENT


Chariot is a unique software program that allows users to simulate full-scale enterprise networks with a mixture of traffic types, including VoIP, Multicast, Oracle, and SAP business transactions. Significantly, it enables pre-deployment testing of networks with real-world application loads, and is designed for enterprise IT, hardware and software vendors, as well as service providers.

"With recent sales to large businesses in both the financial and healthcare industries, Ixia is starting to show traction in its enterprise sales effort," commented Errol Ginsberg, CEO of Ixia. "This transaction is the next logical step for Ixia -- allowing us to quickly integrate Chariot into our existing product line, and to offer a compelling solution for our enterprise customers, giving us an important technology base for future products."

By fully integrating Chariot into its Real World Traffic(TM) Suite, Ixia will offer an industry first -- the ability in a single chassis to simulate full-scale enterprise networks and application-level traffic, combined with wire-speed Layer 2-3 traffic. Prior to this development, enterprises rolling out multi-million dollar networks required hundreds of PCs to simulate application traffic, and additional test tools to generate Layer 2-3 traffic.

Chariot won the "Best of 2002" award from Secure Computing, and Network World hailed it for providing "the most accurate MOS-estimate assessment (when compared to) human interactive ratings under the same set of VoIP and network conditions (Network World, 12/9/02)." Since the initial strategic partnership between NetIQ and Ixia announced on December 16, 2002, Ixia`s integrated Real World Traffic(TM) Suite and associated enterprise test products won eWEEK`s Third Annual Excellence Award and a Best of Interop Award.

"Ixia`s depth and breadth of expertise in network performance testing tools is impressive and Ixia has been a top seller of Chariot for the last six months," said Mark Marron, senior vice president, Worldwide Sales at NetIQ. "We are confident that this relationship will expand market penetration for Ixia and NetIQ in North American enterprises, and provide our mutual customers with a single point of contact for the fullest range of network-based application testing tools available."

Ixia will hire approximately ten employees, primarily in engineering and sales positions, to support this product initiative. The expanded business relationship is expected to be immediately accretive.

"While we have already had success selling Chariot to our core customer base of leading equipment vendors, our enterprise initiative allows us to greatly expand our addressable market," added Mr. Ginsberg. "We expect that sales of the Chariot software, along with other software components of our Real World Traffic(TM) Suite, will accelerate our hardware sales to the enterprise market. Moving forward, we will continue to look at similar opportunities that can help drive future growth while delivering strong margins and solid bottom line profits."

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators, and performance & conformance analyzers for wire-speed verification of Networks, networking devices and applications. The company`s analysis systems are used in design, manufacture, and quality assurance of the world`s most heavily used network products. Its Real World Traffic(TM) solutions address the growing need to test Enterprise applications and networks prior to deployment under realistic load conditions. Ixia`s analysis solutions utilize a variety of interfaces -- 10/100/1000 Mbps Ethernet, 10 Gigabit Ethernet, Packet Over SONET, and BERT, and are distinguished by their performance, accuracy, reliability, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818/871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

About NetIQ

Founded in 1995, NetIQ Corp. (Nasdaq:NTIQ - News) is a leading provider of Systems & Security Management and Web Analytics solutions. Historically focused on the Windows management market, NetIQ now delivers cross-platform solutions that enhance business performance resulting in higher returns on infrastructure and Web investments. NetIQ products are sold across all continents directly and through a network of authorized NetIQ partners and resellers. The company is headquartered in San Jose, Calif., with development and operational personnel in Houston, Texas; Raleigh, N.C.; Bellevue, Wash.; Auckland, New Zealand; and Portland, Ore. For more information, please visit NetIQ`s Web site at http://www.netiq.com or call 888/323-6768.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2001. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325
[e-mail]
or
the blueshirt group
Chris Danne or Brinlea Johnson, 415/217-7722
Chris or [e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

Ixia Announces Second Quarter Results
Thursday July 17, 4:10 pm ET
21st Consecutive Quarter of Profitability -- Revenues Increase 16%


CALABASAS, Calif.--(BUSINESS WIRE)--July 17, 2003--Ixia (Nasdaq: XXIA - News) today reported financial results for the second quarter ended June 30, 2003.
ADVERTISEMENT


Net revenues for the second quarter of 2003 increased 16% on a year-over-year basis to $20.0 million compared to $17.3 million for the second quarter of 2002. Net income on a GAAP basis for the second quarter of 2003, including stock-based compensation, was $2.5 million or $0.04 per diluted share, compared to $1.1 million, or $0.02 per diluted share, for the second quarter of 2002.

Ixia`s second quarter GAAP results include $217,000 of non-cash charges for stock-based compensation associated with the issuance of stock options, warrants and restricted stock prior to the Company`s initial public offering in October 2000. Excluding the effect of stock-based compensation, non-GAAP net income was $2.5 million, or $0.04 per diluted share, compared to $2.2 million, or $0.04 per diluted share, for the same period last year.

"Revenues increased over 7% sequentially as we continued to demonstrate progress in a tough market," commented Errol Ginsberg, President and Chief Executive Officer of Ixia. "Growth was driven by continuing high demand for our Ethernet TXS cards and our 10 Gig product line. A very strong performance domestically with core customers such as Cisco and Extreme Networks was complemented by a solid performance in the Asia Pacific region as we continued to reap the benefits of our decision to reorganize our sales force in the Far East. In total, we added 35 new customers, including a number of leading enterprise accounts, and shipped to over 130 companies, a positive indicator of the breadth of demand in the quarter."

"On July 7th, Ixia announced that it had acquired the exclusive U.S. and Canadian distribution rights and a perpetual license to the source code for the Chariot(TM) product line from NetIQ Corporation," explained Mr. Ginsberg. "For the second quarter in a row, our hardware sales, especially of TXS cards, were aided by our offering of Chariot software. While we believe that sales to the enterprise market will remain lumpy in the current environment, our recent success at industry leaders such as Chicago Board of Trade, Ford Motor Company and Time Warner is firm evidence of our progress to date and we will look to leverage these initial successes into broader market penetration in the future."

During the quarter, Ixia increased cash and investments by approximately $1.3 million and, as of June 30, 2003 and prior to the NetIQ transaction, Ixia had approximately $128.4 million in cash and investments, or $2.20 per outstanding share with no debt.

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. ET. Open to the public, a live Web cast of the conference call will be accessible from the "Investors" section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available on the Ixia Web site for 90 days.

Non-GAAP Information

Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the user`s overall understanding of our financial performance and our prospects for the future. Specifically, we believe non-GAAP measures can provide useful information to both management and investors by excluding certain non-cash and non-recurring expenses that are not indicative of our core operating results. These non-GAAP financial measures are used by management to evaluate financial results and to plan and forecast future periods. In addition, since we have historically reported non-GAAP measures to the investment community, we believe the inclusion of non-GAAP measures provides consistency in our financial reporting. The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with generally accepted accounting principles. Investors are encouraged to review the reconciliation of GAAP to non-GAAP financial measures which is included below.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators, and performance and conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN, and SAN multilayer switches and routers. Our analysis systems are used in the design, manufacture, and quality assurance stages of network equipment development. Our Real World Traffic solutions address the growing need to test Enterprise networks prior to deployment under real load conditions with actual business application traffic. Our network operations applications address the carrier`s needs for a higher level of control over the network itself. Ixia`s analysis solutions utilize a variety of interfaces -- 10/100/1000 Mbps Ethernet, 10 Gigabit Ethernet, Packet Over SONET, BERT, and USB, and are distinguished by their accuracy, reliability, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Ixia and the Ixia logo are registered trademarks of Ixia. Other trademarks used in this release are the trademarks or registered trademarks of their respective owners.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2002. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

-0-

IXIA
Consolidated Balance Sheets
(in thousands)

June 30, Dec. 31,
2003 2002
--------- ---------
(unaudited)
Assets
Current assets:
Cash and cash equivalents $ 61,548 $ 58,865
Short-term investments in marketable
securities 21,317 12,050
Accounts receivable, net 12,814 9,351
Inventories 5,890 5,121
Prepaid expenses and other current assets 5,912 6,232
--------- ---------
Total current assets 107,481 91,619

Investments in marketable securities 45,524 51,306
Property and equipment, net 6,976 7,003
Goodwill 1,592 1,592
Other intangible assets, net 3,805 4,030
Other assets 2,096 2,111
--------- ---------
Total assets $167,474 $157,661
========= =========

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 1,345 $ 960
Accrued expenses 5,590 4,049
Deferred revenues 3,467 1,958
Income taxes payable 1,709 1,527
--------- ---------
Total liabilities 12,111 8,494

Shareholders` equity:
Common stock, without par value; 200,000
shares authorized, 58,278 and 57,595 shares
issued and outstanding as of June 30, 2003
and December 31, 2002, respectively 80,177 79,206
Additional paid-in capital 46,517 47,045
Deferred stock-based compensation (1,261) (3,036)
Retained earnings 29,930 25,952
--------- ---------
Total shareholders` equity 155,363 149,167
--------- ---------
Total liabilities and shareholders` equity $167,474 $157,661
========= =========



IXIA
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months ended Six months ended
June 30, June 30,
----------------- -----------------
2003 2002 2003 2002
-------- -------- -------- --------

Net revenues $20,036 $17,254 $38,849 $32,696
Cost of revenues(1) 3,773 3,382 7,082 6,360
-------- -------- -------- --------
Gross profit 16,263 13,872 31,767 26,336

Operating expenses:
Research and development 5,092 4,387 10,122 8,191
Sales and marketing 6,015 5,079 12,054 9,170
General and administrative 2,276 1,809 4,271 3,542
Amortization of intangible assets 237 258 465 426
Stock-based compensation(2) 175 1,307 1,056 2,959
-------- -------- -------- --------
Total operating expenses 13,795 12,840 27,968 24,288
-------- -------- -------- --------

Income from operations 2,468 1,032 3,799 2,048
Interest income, net 818 740 1,613 1,379
-------- -------- -------- --------
Income before income taxes 3,286 1,772 5,412 3,427
Income tax expense 820 709 1,434 1,396
-------- -------- -------- --------
Net income $ 2,466 $ 1,063 $ 3,978 $ 2,031
======== ======== ======== ========
Earnings per share:
Basic $ 0.04 $ 0.02 $ 0.07 $ 0.04
Diluted $ 0.04 $ 0.02 $ 0.07 $ 0.03

Weighted average number of common
and common equivalent shares
outstanding:
Basic 58,007 56,747 57,820 56,491
Diluted 61,470 60,430 61,148 60,710


-----------------------------------

(1) Stock-based compensation
included in Cost of revenues $ 42 $ 102 $ 92 $ 240
======== ======== ======== ========

(2) Stock-based compensation:
Research and development $ 374 $ 752 $ 885 $ 1,763
Sales and marketing (258) 391 (3) 800
General and administrative 59 164 174 396
-------- -------- -------- --------
$175 $1,307 $1,056 $2,959
======== ======== ======== ========



IXIA
Non-GAAP Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

Three months ended Six months ended
June 30, June 30,
----------------- -----------------
2003 2002 2003 2002
-------- -------- -------- --------

Net revenues $20,036 $17,254 $38,849 $32,696
Cost of revenues 3,731 3,280 6,990 6,120
-------- -------- -------- --------
Gross profit 16,305 13,974 31,859 26,576

Operating expenses:
Research and development 5,092 4,387 10,122 8,191
Sales and marketing 6,015 5,079 12,054 9,170
General and administrative 2,276 1,809 4,271 3,542
Amortization of intangible assets 237 258 465 426
-------- -------- -------- --------
Total operating expenses 13,620 11,533 26,912 21,329
-------- -------- -------- --------

Income from operations 2,685 2,441 4,947 5,247
Interest income, net 818 740 1,613 1,379
-------- -------- -------- --------
Income before income taxes 3,503 3,181 6,560 6,626
Income tax expense 1,015 1,002 1,892 2,139
-------- -------- -------- --------
Non-GAAP net income $ 2,488 $ 2,179 $ 4,668 $ 4,487
======== ======== ======== ========

Non-GAAP earnings per share:
Basic $ 0.04 $ 0.04 $ 0.08 $ 0.08
Diluted $ 0.04 $ 0.04 $ 0.08 $ 0.07

Weighted average number of common
and common equivalent shares
outstanding:
Basic 58,007 56,747 57,820 56,491
Diluted 61,470 60,430 61,148 60,710



Reconciliation of Non-GAAP net income to GAAP net income
(in thousands):

Three months ended Six months ended
June 30, June 30,
----------------- -----------------
2003 2002 2003 2002
-------- -------- -------- --------

Non-GAAP net income $ 2,488 $ 2,179 $ 4,668 $ 4,487
Stock-based compensation (217) (1,409) (1,148) (3,199)
Income tax effect 195 293 458 743
-------- -------- -------- --------
Net income $ 2,466 $ 1,063 $ 3,978 $ 2,031
======== ======== ======== ========





--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818/444-2325 (Chief Financial Officer)
[e-mail]
or
the blueshirt group
Chris Danne, Brinlea Johnson, 415/217-7722
[e-mail]
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

10:14AM Ixia reit Buy at WR Hambrecht: Did you hear what Cisco and Foundry said? (XXIA) 8.86 +0.09: WR Hambrecht encourages investors to buy shares of Ixia ahead of the co`s September quarter. With less than one month remaining, firm believes that the qtr is on track to meet or exceed its estimates. Firm notes that Cisco and Foundry said August was stronger than expected. It appears that both companies have already begun to capitalize upon the beginning stages of an IT spending upgrade cycle. Firm believes this clearly benefits Ixia who supplies the pre-deployment test and measurement solutions to both of these companies. Cisco has historically been a 30% customer.

[panik]

NEC Selects Ixia`s Linux Software Development Toolkit to Speed Development of Its 10 Gigabit GlobalOpenEthernet Switch
Thursday September 25, 9:02 am ET


CALABASAS, Calif.--(BUSINESS WIRE)--Sept. 25, 2003--Ixia (Nasdaq:XXIA - News), a leading provider of high-speed, network performance and conformance analysis systems, announced today that NEC is using its load modules and Linux Software Development Toolkit (SDK) to facilitate the research and development process of their next-generation 10 Gigabit Ethernet switch, which implements NEC`s newly developed GlobalOpenEthernet (GOE) scheme. Ixia`s SDK and open architecture made it possible for NEC engineers to significantly shorten the development cycle and speed their time to market by allowing them to emulate the GOE protocol while simultaneously conducting essential performance validation tests.
ADVERTISEMENT


The significant complexities faced by developers when readying new technologies for release include the need to create custom test scenarios that effectively verify the performance of state-of-the-art, emerging technologies. The Ixia SDK integrates a variety of software tools and detailed documentation that make it easy to develop unique test scenarios that can then be executed across Ixia`s award-winning load modules. Ixia`s SDK allows rapid prototyping, fully integrates the test script development-compile-download-run cycle, and provides a truly realistic test environment that spans the full range of the Layer 2-7 test paradigm.

"We selected the Ixia product for developing the prototype of our GlobalOpenEthernet switch, which was successfully featured at Networld+Interop, Tokyo, July 2003, because Ixia`s SDK uniquely met our development needs," said Akira Arutaki, General Manager, Networking Research Laboratories of NEC. "The extensive and customizable features of Ixia`s SDK made it possible for us to customize our testing environment to our specific requirements, and this substantially sped up our development schedule. No other test vendor had the breadth of product offering to effectively meet our urgent test requirements. We are thankful to Ixia for their dedication to our development process."

NEC developed the new GlobalOpenEthernet scheme as a next-generation, Ethernet-compatible advanced technology for their 10 Gigabit Ethernet switches. This new GOE scheme, according to NEC, enhances Ethernet functionality by inserting VLAN-compatible forwarding tags in order to route packets to their destination. NEC adopted Ixia TXS modules and Ixia Linux SDK, in order to accelerate and to evaluate both the performance of the newly developed protocol and the traffic-forwarding simultaneously, then proved 80G full wire rate forwarding under the protocol.

"Ixia was delighted to accelerate NEC`s development process for their GOE switch. Ixia`s Custom Engineering and Linux Development Teams, are specifically targeted to assist customers like NEC who are implementing new technologies that must meet the most demanding development requirements," said Cliff Hannel, vice president of engineering for Ixia. "Ixia has been the market leader in supporting customers as they move quickly through the testing cycle in the design, development, QA, and release stages of introducing breakthrough networking technologies."

The architecture of the TXS series of Ixia Load Modules includes a CPU per port, running the Linux operating system, and provides the user with direct control over individual test ports. Custom applications can be used in conjunction with Ixia-developed applications. Additionally, users who may have already written test applications for execution on Linux PCs can easily move these applications onto the Ixia test platform, which dramatically reduces the cost and management overhead associated with maintaining walls of PCs that traditionally have been required to effectively simulate realistic test loading conditions.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators, and performance & conformance analyzers for wire-speed verification of networks, networking devices, and applications. The company`s analysis systems are used in design, manufacture, and quality assurance of the world`s most heavily used network products. Its Real World Traffic(TM) solutions address the growing need to test applications and networks prior to deployment under realistic load conditions. Ixia`s analysis solutions utilize a wide range of industry-standard interfaces, including Ethernet, SONET, ATM, etc., and they are distinguished by their performance, accuracy, reliability, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818-871-1800, Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

About NEC

NEC Corporation (Nasdaq:NIPNY - News; FTSE:6701q.l) is one of the world`s leading providers of Internet, broadband network, and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world`s top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking, and electron devices, by integrating its technical strengths in IT and networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide and had net sales of approximately $40 billion in the fiscal year ended March 2003.

For additional information, contact NEC Corporation, 1-1, Miyazaki 4-chome, Miyamae-ku, Kawasaki, Kanagawa 216-8555, Japan; Email: [e-mail] or visit the NEC Web Site at: http://www.nec.com.



--------------------------------------------------------------------------------
Contact:
Ixia
Lori Choi, 818-444-2334
[e-mail]
or
Frank Zajaczkowski, 818-871-1800
[e-mail]

[panik]

Ixia Announces Third Quarter Results
Thursday October 16, 4:10 pm ET
Revenues Increase 28.3% Year-Over-Year and 8.0% Sequentially
22nd Consecutive Quarter of Profitability


CALABASAS, Calif.--(BUSINESS WIRE)--Oct. 16, 2003--Ixia (Nasdaq:XXIA - News) today reported financial results for the third quarter ended September 30, 2003.
ADVERTISEMENT


Net revenues for the third quarter of 2003 increased 28.3% on a year-over-year basis to $21.6 million compared to $16.9 million for the third quarter of 2002. Net income on a GAAP basis for the third quarter of 2003 was $2.4 million or $0.04 per diluted share, compared to $1.2 million, or $0.02 per diluted share, for the third quarter of 2002.

Ixia`s third quarter GAAP results included non-cash charges of $893,000 for the amortization of acquisition related intangible assets, $397,000 for stock-based compensation and a tax benefit of $582,000 associated with these items. Excluding the effects of these items, non-GAAP net income was $3.1 million, or $0.05 per diluted share, compared to $2.4 million, or $0.04 per diluted share, for the same period last year.

"Revenues increased 8.0% over the prior quarter as we continued to expand our market opportunity and add new customers," commented Errol Ginsberg, President and Chief Executive Officer of Ixia. "Growth was driven by our 10 Gig product line and software sales of ANVL and Chariot, as well as continuing demand for our Ethernet TXS cards. A solid performance domestically with customers such as Ciena, Cisco, Hewlett Packard and Motorola was complemented by a strong performance in the Asia Pacific region. Last year, we restructured our sales effort in this important region, and revenues for the quarter have shown healthy increases in China, Japan, Korea and Taiwan among other key markets."

"The integration of the Chariot product line is on track and sales of Chariot are ahead of schedule," Mr. Ginsberg added. "During the quarter, we added an impressive 93 new customers, largely due to the acquisition. We are having success selling Chariot and our other software products into our core customer base of network equipment manufacturers and carriers, while expanding into the enterprise market with leading companies like Edward Jones, Enterprise Rent-A-Car and Mary Kay. Importantly, many of these customers are purchasing both hardware and software products from Ixia. Non-GAAP gross margins were impacted by the royalty payment related to the acquisition but remained strong."

During the quarter, Ixia acquired a perpetual license to the source code for the Chariot product line from NetIQ Corporation and the exclusive U.S. and Canadian distribution rights through December 31, 2004 for $17.5 million, plus royalties on sales of the existing Chariot product. Ixia has an option to purchase for $2.5 million the remaining assets of the Chariot product line after December 31, 2004.

As of September 30, 2003, Ixia had approximately $117.6 million in cash and investments with no debt.

Ixia will host a conference call today for analysts and investors to discuss its quarterly results at 5:00 p.m. ET. Open to the public, a live Web cast of the conference call will be accessible from the "Investors" section of Ixia`s Web site (www.ixiacom.com). Following the live Web cast, an archived version will be available in the "Investors" section on the Ixia Web site for 90 days.

Non-GAAP Information

Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the user`s overall understanding of our financial performance and our prospects for the future. Specifically, we believe non-GAAP measures can provide useful information to both management and investors that is useful in assessing underlying trends in Ixia`s business. These non-GAAP financial measures are used by management to evaluate financial results and to plan and forecast future periods. The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with generally accepted accounting principles. Investors are encouraged to review the reconciliation of GAAP to non-GAAP financial measures which is included below.

About Ixia

Ixia delivers powerful, distributed, multiport traffic generators, and performance and conformance analyzers for wire-speed verification of optical networking equipment, LAN, MAN, WAN, and SAN multilayer switches and routers. Our analysis systems are used in the design, manufacture, and quality assurance stages of network equipment development. Our Real World Traffic solutions address the growing need to test enterprise networks prior to deployment under real load conditions with actual business application traffic. Our network operations applications address the carrier`s needs for a higher level of control over the network itself. Ixia`s analysis solutions utilize a variety of interfaces - 10/100/1000 Mbps Ethernet, 10 Gigabit Ethernet, Packet Over SONET, BERT, and USB, and are distinguished by their accuracy, reliability, and adaptability to the industry`s constant evolution.

For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; [phone], Fax: [phone]; Email: [e-mail] or visit our Web Site at http://www.ixiacom.com.

Ixia and the Ixia logo are registered trademarks of Ixia. ANVL is a trademark of Ixia. Other trademarks used in this release are the trademarks or registered trademarks of their respective owners.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect the Company`s current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company`s actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from the Company`s current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications and data communications industries in particular, consistency of orders from significant customers, our success in exploiting the rights acquired from NetIQ Corporation with respect to the Chariot product, the timing of new product releases, our success in developing and producing new products and market acceptance of our products. These and other risk factors that may affect Ixia`s financial results in the future are discussed in Ixia`s SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2002. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

IXIA
Consolidated Balance Sheets
(in thousands)

Sept. 30, Dec. 31,
2003 2002
------------- ---------
(unaudited)
Assets
Current assets:
Cash and cash equivalents $43,045 $58,865
Short-term investments in marketable
securities 24,254 12,050
Accounts receivable, net 15,004 9,351
Inventories 5,403 5,121
Prepaid expenses and other current assets 5,791 6,232
---------- ---------
Total current assets 93,497 91,619

Investments in marketable securities 50,300 51,306
Property and equipment, net 6,838 7,003
Goodwill 1,592 1,592
Purchased technology and other intangible
assets, net 21,154 4,030
Other assets 2,511 2,111
---------- ---------
Total assets $175,892 $157,661
========== =========


Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $1,322 $960
Accrued expenses 8,667 4,049
Deferred revenues 4,458 1,958
Income taxes payable 1,692 1,527
---------- ---------
Total liabilities 16,139 8,494

Shareholders` equity:
Common stock, without par value; 200,000
shares authorized, 58,716 and 57,595 shares
issued and outstanding as of September 30,
2003 and December 31, 2002, respectively 81,060 79,206
Additional paid-in capital 47,166 47,045
Deferred stock-based compensation (816) (3,036)
Retained earnings 32,343 25,952
---------- ---------
Total shareholders` equity 159,753 149,167
---------- ---------
Total liabilities and shareholders` equity $175,892 $157,661
========== =========



IXIA
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)


Three months Nine months
ended ended
September 30, September 30,
----------------- -----------------
2003 2002 2003 2002
-------- -------- -------- --------

Net revenues $21,635 $16,864 $60,484 $49,560
Cost of revenues(1) 4,153 3,417 11,235 9,777
Amortization of purchased
technology 588 -- 588 --
-------- -------- -------- --------
Gross profit 16,894 13,447 48,661 39,783

Operating expenses:
Research and development 5,169 4,585 15,291 12,776
Sales and marketing 6,234 4,919 18,288 14,089
General and administrative 2,312 1,751 6,583 5,293
Amortization of intangible assets 305 258 770 684
Stock-based compensation(2) 364 1,013 1,420 3,972
-------- -------- -------- --------
Total operating expenses 14,384 12,526 42,352 36,814
-------- -------- -------- --------

Income from operations 2,510 921 6,309 2,969
Interest income, net 716 692 2,329 2,071
-------- -------- -------- --------
Income before income taxes 3,226 1,613 8,638 5,040
Income tax expense 813 459 2,247 1,855
-------- -------- -------- --------
Net income $2,413 $1,154 $6,391 $3,185
======== ======== ======== ========

Earnings per share:
Basic $0.04 $0.02 $0.11 $0.06
Diluted $0.04 $0.02 $0.10 $0.05

Weighted average number of common
and common equivalent shares
outstanding:
Basic 58,436 57,137 58,028 56,724
Diluted 62,455 60,162 61,674 60,625

-----------------------------------
(1)Stock-based compensation
included in Cost of revenues $33 $74 $125 $314
======== ======== ======== ========

(2)Stock-based compensation:
Research and development $209 $593 $1,094 $2,356
Sales and marketing 99 272 96 1,072
General and administrative 56 148 230 544
-------- -------- -------- --------
$364 $1,013 $1,420 $3,972
======== ======== ======== ========


IXIA
Non-GAAP Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)


Three months Nine months
ended ended
September 30, September 30,
----------------- -----------------
2003 2002 2003 2002
-------- -------- -------- --------

Net revenues $21,635 $16,864 $60,484 $49,560
Cost of revenues 4,120 3,343 11,110 9,463
-------- -------- -------- --------
Gross profit 17,515 13,521 49,374 40,097

Operating expenses:
Research and development 5,169 4,585 15,291 12,776
Sales and marketing 6,234 4,919 18,288 14,089
General and administrative 2,312 1,751 6,583 5,293
-------- -------- -------- --------
Total operating expenses 13,715 11,255 40,162 32,158
-------- -------- -------- --------

Income from operations 3,800 2,266 9,212 7,939
Interest income, net 716 692 2,329 2,071
-------- -------- -------- --------
Income before income taxes 4,516 2,958 11,541 10,010
Income tax expense 1,395 594 3,287 2,733
-------- -------- -------- --------
Non-GAAP net income $3,121 $2,364 $8,254 $7,277
======== ======== ======== ========

Non-GAAP earnings per share:
Basic $0.05 $0.04 $0.14 $0.13
Diluted $0.05 $0.04 $0.13 $0.12

Weighted average number of common
and common equivalent shares
outstanding:
Basic 58,436 57,137 58,028 56,724
Diluted 62,455 60,162 61,674 60,625


Reconciliation of Non-GAAP net income to GAAP net income (in
thousands, except per share data):


Three months Nine months
ended ended
September 30, September 30,
--------------- ---------------
2003 2002 2003 2002
------- ------- ------- -------

Net income, Non-GAAP $3,121 $2,364 $8,254 $7,277
Amortization of purchased technology (588) -- (588) --
Amortization of intangible assets (305) (258) (770) (684)
Stock-based compensation (397) (1,087) (1,545) (4,286)
Income tax effect 582 135 1,040 878
------- ------- ------- -------
GAAP net income $2,413 $1,154 $6,391 $3,185
======= ======= ======= =======

Diluted weighted average number of
common shares 62,455 60,162 61,674 60,625

Non-GAAP diluted earnings per share $0.05 $0.04 $0.14 $0.13
GAAP diluted earnings per share $0.04 $0.02 $0.10 $0.05



--------------------------------------------------------------------------------
Contact:
Ixia
Tom Miller, 818-444-2325 (Chief Financial Officer)
[e-mail]
or
the blueshirt group
Chris Danne, Brinlea Johnson, 415-217-7722
[e-mail]
[e-mail]



--------------------------------------------------------------------------------
Source: Ixia

[panik]

10:39AM XXIA upgraded at Ferris Baker Watts 11.68 +0.28: Ferris Baker Watts upgrades Ixia to Buy from Hold based on valuation; also, firm believes suppliers such as Cisco have been purchasing XXIA gear to pre-test equipment for performance assurance before field use, and they think Juniper`s acquisition of Netscreen (a significant customer of XXIA) could further enhance XXIA`s prospects as Juniper becomes more deliberate about enterprise applications. Target is $14.