Exhibit 99

               Neoware Systems Completes Private Equity Financing


KING OF PRUSSIA, Pa., July 11, 2003 -- Neoware Systems, Inc. (Nasdaq:NWRE), the
leading supplier of software, services, and thin client appliances, announced
today that it has completed its recently announced private equity financing.

Neoware sold 1.5 million shares at a per share price of $17.50, which represents
a premium of 10% to the Company's average closing price over the preceding
15-day period. As a result of this transaction, the Company received net
proceeds of nearly $25 million.

The offer and sale of the securities being sold by Neoware in the private
placement have not been and will not be registered under the Securities Act of
1933, as amended, and may not be offered or sold absent registration, unless an
exemption from applicable registration requirements is available. However, the
Company has agreed to file a registration statement for the resale of the shares
of common stock. This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities.

About Neoware

Neoware provides software, services, and solutions to enable Appliance
Computing, a proven Internet-based computing architecture targeted at business
customers that is designed to be simpler and easier than traditional PC-based
computing. Neoware's software and management tools power and manage a new
generation of smart computing appliances that utilize the benefits of open,
industry-standard technologies to create new alternatives to personal computers
used in business and a wide variety of proprietary business devices.

Neoware's products are designed to run local applications for specific vertical
markets, plus allow access across a network to multi-user Windows servers, Linux
servers, mainframes, minicomputers, and the Internet. Computing appliances that
run and are managed by Neoware's software offer the cost benefits of
industry-standard hardware and software, easier installation, and have lower
up-front, maintenance, and administrative costs than proprietary or PC-based
alternatives.

More information about Neoware can be found on the Web at,
http://www.neoware.com or via email at invest@neoware.com. Neoware is based in
King of Prussia, Pa.

Neoware is a registered trademark of Neoware Systems, Inc. All other names
products and services are trademarks or registered trademarks of their
respective holders.











This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including statements regarding
our strong balance sheet and cash position. These forward-looking statements
involve risks and uncertainties. Factors that could cause actual results to
differ materially from those predicted in such forward-looking statements
include timing and receipt of future orders, our timely development and
customers' acceptance of our products, pricing pressures, rapid technological
changes in the industry, growth of the Appliance Computing market, increased
competition, our ability to attract and retain qualified personnel, adverse
changes in customer order patterns, our ability to identify and successfully
consummate and integrate future acquisitions, adverse changes in general
economic conditions in the U.S. and internationally, risks associated with
foreign operations and political and economic uncertainties associated with
current world events. These and other risks are detailed from time to time in
Neoware's periodic reports filed with the Securities and Exchange Commission,
including, but not limited to, its reports on Form 10-K for the year ended June
30, 2002 and Form 10-Q for the quarter ended March 31, 2003.

CONTACT:

            Neoware Systems, Inc.
            Keith Schneck
            (610) 277-8300
            invest@neoware.com

            Cameron Associates
            Keith McGrath
            (212) 245-8000 x 203
            kevin@cameronassoc.com