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Ixia Delays Q3

CALABASAS, Calif. -- Ixia (Nasdaq: XXIA) a leading, global provider of IP performance test systems, announced today that it is postponing the release of its third quarter 2006 financial results pending completion of an internal review related to revenue recognition with respect to its software upgrade and support practices and the potential impact on the Company’s previously reported financial results. The review is being conducted under the direction of the Company’s Audit Committee. The Company expects to announce its third quarter 2006 results as soon as practicable after completion of the review.

“We are working to complete this work as quickly as possible, so that we can report our full financial results,” commented Errol Ginsberg, President and Chief Executive Officer of Ixia. “Our business in the third quarter was healthy, as we achieved a sequential increase in bookings.”

Ixia (Nasdaq: XXIA)

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