ALISO VIEJO, Calif., July 25, 2005 (PRIMEZONE) -- QLogic 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 HBA ports shipped and Fibre Channel HBA revenue in calendar year 2004, according to a new report from Gartner Dataquest, entitled "Market Share: FC SAN Components, Worldwide, 2004(1)."
QLogic's HBA revenue for 2004 grew 23 percent over the previous year, giving the company 43.7 percent of all Fibre Channel HBA revenues, says the report. Total ports shipped were up 45 percent, giving QLogic 48.1 percent of all Fibre Channel ports for the year.
In addition, the report shows that in the broader product category of Fibre Channel SAN component providers, which encompasses HBAs, switches, silicon and other Fibre Channel hardware, QLogic was the second largest supplier and had the second largest revenue increase of SAN component companies from 2003 to 2004. QLogic gained market share with its non-core fabric switch business from 2003 to 2004 in both ports shipped and revenue, which was up 16 percent.
According to the report, the market for Fibre Channel storage area network components grew 11 percent to $1.96 billion in 2004.
"QLogic SANblade host bus adapters are popular with OEMs, channel customers and end users because they feature the broadest operating system support, very high reliability and wizard-based management, making them extremely easy to install and manage," said Frank Berry, vice president of marketing, QLogic Corp. "We continue to listen closely to enterprise and SMB customers to deliver the right features at the right cost to the right customers."
(1) Report authored by James Opfer, published July 12, 2005.
About QLogic
QLogic is the leading supplier of Fibre Channel host bus adapters (HBAs), Fibre Channel blade server switches, Fibre Channel stackable switches, tape controllers and hard disk 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.
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: fluctuations in operating results; gross margins may vary over time; revenues may be affected by changes in IT spending levels; our stock price may be volatile; our dependence on the storage area network market; the ability to maintain and gain market or industry acceptance of the Company's products; our dependence on a limited number of customers; seasonal fluctuations and uneven sales patterns in orders from customers; our ability to compete effectively with other companies; declining average unit sales prices of comparable products; a reduction in sales efforts by current distributors; reliance on third party licenses; dependence on sole source and limited source suppliers; our dependence on relationships with certain silicon chip suppliers; the complexity of the Company's products; sales fluctuations arising from customer transitions to new products; the uncertainty associated with SOX 404 compliance; environmental compliance costs; terrorist activities and resulting military actions; international, economic, regulatory, political and other risks; uncertain benefits from strategic business combinations; the ability to maintain or expand upon strategic alliances; the strain on resources caused by growth and expansion; the ability to attract and retain key personnel; the decreased effectiveness of equity compensation; difficulties in transitioning to smaller geometry process technologies; the ability to protect proprietary rights; the ability to satisfactorily resolve any infringement claims; changes in tax laws or adverse tax audit results; computer viruses and other tampering with our computer system; charter documents and stockholder rights plan that may discourage a business combination; and facilities located in areas subject to earthquakes and other natural disasters.
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. QLogic and the QLogic logo are registered trademarks of QLogic Corporation. Other trademarks and registered trademarks are the property of the companies with which they are associated.