COSTA MESA, Calif., June 28, 2004 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX) entered into a confidential settlement with QLogic Corporation (Nasdaq:QLGC) on June 25, 2004 to resolve all ongoing patent litigation between the companies. On February 28, 2003, Vixel Corporation filed a lawsuit asserting three US patents against QLogic. Vixel was acquired by Emulex, effective November 17, 2003.
A lawsuit was then filed by QLogic on December 8, 2003 asserting one US patent against Emulex. The settlement resolves all the litigation relating to the patents in both lawsuits. The settlement includes a Settlement and License Agreement under which QLogic is required to pay royalties to Emulex associated with the future sales of certain products, and the validity of the three Emulex US patents is acknowledged.
James McCluney, president and chief operating officer of Emulex Corporation, said, "We are pleased that the litigation process between the two companies is concluded, and we are satisfied that Emulex's interests in its intellectual property have been preserved."
About Emulex
Emulex Corporation is the world leader in Fibre Channel HBAs and delivers a broad range of intelligent building blocks for next generation storage networking systems. Emulex was named one of Forbes Magazine's 25 Fastest Growing Technology Companies, and ranked number 15 in Deloitte & Touche's 2003 Technology Fast 50.
The world's leading server and storage providers rely on Emulex HBAs, embedded storage switching and I/O controller products to build reliable, scalable and high performance storage solutions. The Emulex award-winning product families, including its LightPulse(tm) HBAs and InSpeed(tm) embedded storage switching products, are based on internally developed ASIC, firmware and software technologies, and offer customers high performance, scalability, flexibility and reduced total cost of ownership. The company's products have been selected by the world's leading server and storage providers, including Dell, EMC, Fujitsu Ltd., Fujitsu Siemens, Groupe Bull, HP, Hitachi Data Systems, IBM, NEC, Network Appliance, Quantum Corp., StorageTek, Sun Microsystems, Unisys and Xyratex. In addition, Emulex includes industry leaders Brocade, Computer Associates, Intel, McDATA, and Microsoft among its strategic partners. Corporate headquarters are located in Costa Mesa, California. News releases and other information about Emulex Corporation are available at http://www.emulex.com.
EMULEX -- We network storage
Emulex Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; fluctuation in the growth of Fibre Channel and IP markets; changes in economic conditions or changes in end-user demand for technology solutions; fluctuations or delays in customer orders; the highly competitive nature of the markets for Emulex's products; Emulex's ability to gain market acceptance for its products; the company's ability to attract and retain skilled personnel; the company's reliance on third-party suppliers. These and other factors, which could cause actual results to differ materially from those in the forward-looking statements are also discussed in the company's filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q.
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