ALISO VIEJO, Calif., Aug. 8, 2005 (PRIMEZONE) -- QLogic(r) Corp. (Nasdaq:QLGC), the leader in Fibre Channel blade server embedded switches, today announced that QLogic ranked number one in market share for blade server embedded Fibre Channel switches in both ports shipped and revenue in calendar year 2004, according to a new report from IDC, entitled "Worldwide Fibre Channel Switch 2005-2009 Forecast and 2004 Vendor Shares."
"In 2004, QLogic remained the leading supplier of blade server embedded switches," stated the report. According to IDC, QLogic maintained its number one position in embedded Fibre Channel switch market share with 68.5 percent of revenues and 64.4 percent of ports shipped.
"The addition of several new bladed server platforms from leading server vendors such as HP, Dell, Sun, and Intel promises to greatly expand the market opportunity in 2005," the report stated. "In addition, IDC expects McDATA to begin reselling its version of the QLogic switch, further driving expansion." By 2009, the report estimates that blade server embedded switches will rapidly approach fixed port switches in terms of factory revenue ($309 million) and will be the largest Fibre Channel switch market in terms of ports shipped.
"The IDC report validates the QLogic switch market strategy to achieve leadership by creating new classes of solutions," said Frank Berry, vice president of marketing, QLogic Corp. "The company is also successfully employing this strategy with stackable switch and SMB switch solutions."
QLogic SAN Infrastructure for Bladed Servers
Developer of the world's first embedded SAN infrastructure for bladed servers, QLogic is the leading supplier of Fibre Channel switch modules and HBAs for bladed servers. Single-chip HBAs, switches and management controllers from QLogic provide fast, reliable and scalable storage expansion in an ultra-compact form-factor.
About QLogic
QLogic is the leading supplier of Fibre Channel host bus adapters (HBAs), blade server embedded Fibre Channel 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.
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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.
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