ALISO VIEJO, Calif., July 18, 2005 (PRIMEZONE) -- QLogic(r) Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), today announced that QLogic ranked number one in market share for both Fibre Channel host bus adapter (HBA) ports shipped and Fibre Channel HBA revenue in calendar year 2004, according to a new report from IDC, entitled "Worldwide Fibre Channel HBA 2005-2009 Forecast and 2004 Vendor Shares."
"In terms of revenue and total port shipments, QLogic was the leading Fibre Channel HBA vendor," stated the report. "QLogic made significant gains in terms of both factory revenue and HBA shipments and solidified its leading role as a supplier of multi-port HBAs."
According to the report, QLogic's HBA revenue market share grew to 41.8 percent of the market in 2004, up more than four percent from the 37.3 percent share it held in 2003, making it the new revenue leader. QLogic also maintained its number one position in HBA ports shipped for the year with 43.4 percent of the market. In addition, QLogic dominated the category of multi-port Fibre Channel HBAs with 54.7 percent of all products shipped in the category, 38 points more than the nearest multi-port competitor.
"First and foremost customers want products to be reliable," said Frank Berry, vice president of marketing, QLogic Corp. "With twice the reliability of competitive products and backed by an industry leading five year warranty, it's no surprise QLogic SANblade host bus adapters have captured the number one market share position."
About QLogic
QLogic is the leading supplier of Fibre Channel host bus adapters (HBAs), Fibre Channel blade server switches, Fibre Channel stackable switches and peripheral controllers. The company is also a leading supplier of iSCSI HBAs. QLogic products are delivered to small, medium and large enterprises around the world, powering solutions from leading companies like Cisco, Dell, EMC, Fujitsu, Hitachi, HP, IBM, NEC, Network Appliance, Quantum, StorageTek and Sun Microsystems. QLogic is a member of the S&P 500 Index and NASDAQ 100 Index. For more information visit www.qlogic.com.
Note: All QLogic-issued press releases appear on the Company's website (www.qlogic.com). Any announcement that does not appear on the QLogic website has not been issued by QLogic.
Disclaimer -- Forward Looking Statements
This press release contains statements relating to future results of the Company (including certain beliefs and projections regarding business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied in the forward-looking statements. The Company advises readers that these potential risks and uncertainties include, but are not limited to: the volatility of the Company's stock price; fluctuations in operating results; the dependence on the storage area network market; the ability to maintain and gain market or industry acceptance of the Company's products; the dependence on a limited number of customers; seasonal fluctuations and uneven sales patterns in orders from customers; the ability to compete effectively with other companies; declining average unit sales prices of comparable products; a reduction in sales efforts by current distributors; the dependence on relationships with certain silicon chip suppliers and other subcontractors; the complexity of the Company's products; sales fluctuations arising from customer transitions to new products; terrorist activities and resulting military actions; international, economic, regulatory, political and other risks; changes in semiconductor foundry capacity; uncertain benefits from strategic business combinations; the ability to maintain or expand upon strategic alliances; the strain on resources caused by rapid growth and expansion; the ability to attract and retain key personnel; the ability to protect proprietary rights or to satisfactorily resolve any infringement claims; changes in tax laws or adverse audit results; decreasing effectiveness of equity compensation in employee retention; charter documents and stockholder rights plan that may discourage a business combination; and facilities located in areas subject to earthquakes.
More detailed information on these and additional factors which could affect the Company's operating and financial results are described in the Company's Forms 10-K, 10-Q and other reports, filed or to be filed with the Securities and Exchange Commission. The Company urges all interested parties to read these reports to gain a better understanding of the many business and other risks that the Company faces. The forward looking statements contained in this press release are made only as of the date hereof, and the Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
(c)2004-2005 QLogic Corporation. Specifications are subject to change without notice. All rights reserved worldwide. QLogic, the QLogic logo and the powered by QLogic logo are registered trademarks of QLogic Corporation. SANblade is a registered trademark in the United States. All other brands and product names are trademarks or registered trademarks of their respective owners.