ALISO VIEJO, Calif., March 3, 2008 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced it was named "Company of the Year" by the Technology Council of Southern California, the premier forum for providing the information and resources to help technology companies succeed. Now in its 14th year, the Technology Industry Awards recognize Southern California-based technology leaders that have made outstanding contributions to the industry over the past year. The awards were presented at the Tech Council's annual gala event on Thursday, February 28, in downtown Los Angeles at the historic Millennium Biltmore Hotel.
"QLogic is in the business of delivering cutting edge technology and we're only as good as the talent around us," said Jeff Benck, president and chief operating officer, QLogic Corp. "That's why the local resource aspect of the Technology Council is so important to us and why we are honored to accept this award."
According to Catrina Luedtke, executive director, Technology Council, "This year's awards once again featured an amazing array of technology companies with compelling growth and leadership stories. We are pleased to recognize QLogic among the 'best of the best' in technology from Southern California in 2008."
QLogic Product Portfolio Addresses Changing Customer Dynamics QLogic products are optimized from end-to-end, from adapter to fabric, from core to edge. High-performance storage networking solutions from QLogic enable consolidation and virtualization of all storage and server assets, legacy and new, while QLogic HPC interconnects create super computing capabilities at commodity hardware costs. The QLogic product portfolio includes new Fibre Channel, Ethernet, Fibre Channel over Ethernet (FCoE) and InfiniBand(r) storage networking technologies capable of delivering quantum increases in performance. These higher performance technologies are arriving just in time to prevent bottlenecks resulting from massive I/O aggregation, driven by the deployment of dense compute nodes consisting of blade servers, multi-core processors and server virtualization.
About the Technology Council of Southern California
The Technology Council of Southern California is the premier forum for the region's technology leaders, providing events, connections, information and resources to help technology companies succeed. From recognizing excellence in innovation through its annual awards event to providing access to funding through VentureNet, the Technology Council supports companies throughout their entire corporate lifecycles. Founded in 1991 as the Software Council of Southern California, the Technology Council has a 17-year history of supporting technology companies across the region. For more information visit www.tcosc.org.
About QLogic
QLogic is a leading supplier of high performance storage networking solutions, which include the controller chips, host adapters and fabric switches that are the backbone of storage networks for most Global 2000 corporations. The company delivers a broad and diverse portfolio of products that includes Fibre Channel HBAs, blade server embedded Fibre Channel switches, Fibre Channel stackable switches, iSCSI HBAs and iSCSI routers. The company is also a leading supplier of InfiniBand switches and InfiniBand host channel adapters for the emerging high performance computing market. QLogic products are delivered to small-to-medium businesses and large enterprises around the world via its channel partner community. QLogic products are also powering solutions from leading companies like Cisco, Dell, EMC, Hitachi Data Systems, HP, IBM, Network Appliance and Sun Microsystems. QLogic is a member of the S&P 500 Index.
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: potential fluctuations in operating results; gross margins that may vary over time; revenues may be affected by changes in IT spending levels; the stock price of the company may be volatile; the company's dependence on the storage area network market; potential adverse effects of server virtualization technology on the company's business; potential adverse effects of increased market acceptance of blade servers; the ability to maintain and gain market or industry acceptance of the company's products; the company's dependence on a limited number of customers; seasonal fluctuations and uneven sales patterns in orders from customers; the company's ability to compete effectively with other companies; declining average unit sales prices of comparable products; a reduction in sales efforts by current distributors; dependence on sole source and limited source suppliers; the company's dependence on relationships with certain silicon chip suppliers; the complexity of the company's products; sales fluctuations arising from customer transitions to new products; environmental compliance costs; international economic, regulatory, political and other risks; uncertain benefits from strategic business combinations; the ability to attract and retain key personnel; difficulties in transitioning to smaller geometry process technologies; the ability to protect proprietary rights; the ability to satisfactorily resolve any infringement claims; reliance on third party technology; the use of "open source" software in our products; changes in our tax provisions or adverse outcomes resulting from examination of our income tax returns; computer viruses and other tampering with the company's computer systems; and facilities of the company and its suppliers and customers are located in areas subject to 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 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 does not intend 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.