Speaking with TheStreet TV at the International Consumer Electronics Show in Las Vegas, he said the technology and broadband speeds of both wired and wireless products are now capable of supporting the connected home where products and services "talk" to each other through the Internet.
At the conference, Netgear introduced Arlo, the company's security camera system that will function as the ecosystem of the "smart" home. Netgear designed the platform to operate on the cloud, so it can be accessed by a PC or mobile browser outside of the home. It has also developed mobile applications for the product.
Thanks to the cloud, users can access Arlo from anywhere in the world with an Internet connection.
Lo said the company is working on other products that will fit well into the connected home and on the Arlo platform. The device will also support third-party products, he added.
"Our focus is to really increase" the value of the products for the customer, Lo said.
He pointed out his company's commercial storage business has been doing well in some areas and struggling in others. For instance, the switch business is "doing extremely well" as Netgear continues to take market share from its competition.
On the other hand, the commercial storage business has been struggling against several headwinds, Lo said. That will be a company focus this year.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.