Packeteer Names CEO

CUPERTINO, Calif. -- Packeteer, Inc. (Nasdaq: PKTR), a leading provider of application performance infrastructure systems, today announced that Dave Cote has been appointed President and Chief Executive Officer of Packeteer and member of the Board of Directors. "We are very pleased that our CEO search has led us to Dave -- a seasoned and high-caliber executive who we believe can take Packeteer to the next level," said Packeteer Interim CEO, Founder and Board Member Brett Galloway. Dave Cote brings to Packeteer over 20 years of senior-level sales and marketing experience in the computer, networking and communications industries. Most recently, Cote was vice president of Worldwide Marketing and Communication ASSPs (Application-Specific Standard Products) for IDT, a global provider of communication semiconductor solutions for IP, wireless and converged voice and data networks, with $380M in revenue in fiscal 2002 and 3,700 employees. Under his executive leadership, IDT has been successfully repositioned to become a leading communications semiconductor company. Cote also founded and led its Internetworking Products Division, delivering SOC (System On Chip) solutions for enterprise access devices. "Innovation together with strong sales and marketing has been the hallmark of Packeteer's success since its founding," stated Craig Elliott, Former CEO, President and current Board Member of Packeteer. "Dave Cote brings an ideal combination of sales and marketing experience and relevant executive leadership that will build on our strong foundation." Packeteer Inc.