ALISO VIEJO, Nov. 9, 2010 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced the appointment of Stanley Liu as general manager of Greater China. Liu will lead QLogic's efforts to increase sales for OEM and QLogic-branded products throughout China, which is now ranked as the second largest economy in the world. He will report to Martin Darling, vice president of sales, Asia Pacific and Japan.
Liu brings more than twenty-five years of IT experience including 19 years in high-end storage solutions sales, holding key positions with technology vendors such as IBM and Sun Microsystems.
"Stanley Liu will strengthen our competitive advantages and company positioning in the Greater China market," said Darling. "Stanley's track record and proven skills in marketing and selling IT solutions will enable us to engage with a greater number of local channel and technology partners more effectively and efficiently."
"With the second largest economy in the world, China provides promising opportunities for established technology companies like QLogic. The company's market-leading networking technologies are highly appealing to Chinese customers and technology partners," said Liu. "We have built up strong synergies with some of China's leading IT vendors and are dedicated to providing quick response times and quality services to global OEMs, Chinese OEMs and Chinese Channel Partners."
About QLogic
QLogic (Nasdaq:QLGC) is a global leader and technology innovator in high performance networking, including adapters, switches and ASICs. Leading OEMs and channel partners worldwide rely on QLogic products for their data, storage and server networking solutions. QLogic is a NASDAQ Global Select company and is included in the S&P 500. 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: declines in information technology spending levels; potential fluctuations in operating results; gross margins that may vary over time; the stock price of the company may be volatile; the company's dependence on the networking markets served; 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 small 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; the company's dependence on sole source and limited source suppliers; the company's dependence on relationships with certain third-party subcontractors and contract manufacturers; declines in the market value of the company's investment securities; the complexity of the company's products; sales fluctuations arising from customer transitions to new products; changes in the company's tax provisions or adverse outcomes resulting from examination of its income tax returns; 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; the use of "open source" software in the company's products; changes in regulations or standards regarding energy use of the company's products; 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.
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