13 April 2009

NET's shares of common stock will continue to be traded under the ticker symbol NWK.

Fremont, CA, April 13 2009 -
Network Equipment Technologies, Inc. (“NET”) (NYSE: NWK) today announced that it will move its stock exchange listing from The New York Stock Exchange to The NASDAQ Stock Market, effective April 24, 2009. NET's shares of common stock will continue to be traded under the ticker symbol NWK.


“NET is a high-tech company focused on developing new technologies for a rapidly changing marketplace, and NASDAQ and its listed companies represent many qualities that are in sync with our objectives for innovation and industry-leading products,” said president and CEO C. Nicholas Keating, Jr.” While we have benefitted greatly from our nearly 20-year association with The New York Stock Exchange, we believe that the NASDAQ Stock Market is best aligned with our company's growth strategy.”

“We are delighted Network Equipment Technologies, Inc. has chosen to list with NASDAQ OMX, the world’s largest exchange company,” said Bruce Aust, executive vice president of The NASDAQ OMX Group, Inc. "NET is a leader in the networking technology business with a strong global presence and we welcome them to our family of 3,800 listed companies," he added.

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