ALISO VIEJO, Calif., March 15, 2012 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC) today announced that the Ethernet Alliance, a global consortium dedicated to the continued success and advancement of Ethernet technologies, has elected QLogic's Manoj Wadekar as vice president for the organization's 2012 term. Wadekar will also continue to serve as Technical Committee Chair and QLogic's Chauncey Schwartz will continue in his role as Marketing Committee Chair.
The Ethernet Alliance is a global, non-profit, industry consortium of member organizations that are dedicated to the continued success and advancement of Ethernet technologies. Members include system and component vendors, industry experts, and university and government professionals. Ethernet Alliance members work together to take Ethernet standards to the marketplace. Dedicated to growing Ethernet technology in the most rational and cost-effective manner possible, members support and originate activities that span from incubation of new Ethernet technologies to interoperability testing to demonstrations to education.
"The strategic vision of the Ethernet Alliance is to support the development of Ethernet and expand the Ethernet ecosystem," said John D'Ambrosia, chairman, Board of Directors for the Ethernet Alliance. "QLogic has been a key supporter of the Ethernet Alliance and Manoj Wadekar and Chauncey Schwartz bring invaluable expertise in allowing us to execute on our vision."
"QLogic is committed to the expansion of Ethernet through convergence and market adoption of 10Gb Ethernet in data centers globally," said Chris Humphrey, vice president of corporate marketing, QLogic. "The Ethernet Alliance provides a necessary forum for industry players to come together and develop open standards that will advance the Ethernet ecosystem and best serve customers' requirements. Manoj and Chauncey are capable QLogic ambassadors who provide us with strong voices in the consensus-building process for both technical and marketing initiatives."
Manoj Wadekar, Vice President and Technical Committee Chair
Manoj Wadekar is a fellow and chief technologist at QLogic and is responsible for driving architecture and technology strategy for QLogic's adapter products in data centers. He has been driving cross-industry initiatives in Ethernet and Fibre Channel technologies.
Chauncey Schwartz, Marketing Committee Chair
Schwartz has a successful 25-year career in sales, marketing and business management. He has a proven ability to position, communicate, and teach markets and channels about creative, breakthrough solutions, generating successful business results while leading highly successful cross-functional teams. Schwartz is currently working with QLogic to develop strategies for Alliances that are focused on networking connectivity and to find creative ways to incorporate virtualization and fabrics into complex application environments.
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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. 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 and market 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: unfavorable economic conditions; 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; 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; the company's ability to compete effectively with other companies; the complexity of the company's products; declining average unit sales prices of comparable products; 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; the ability to attract and retain key personnel; sales fluctuations arising from customer transitions to new products; seasonal fluctuations and uneven sales patterns in orders from customers; a reduction in sales efforts by current distributors; changes in the company's tax provisions or adverse outcomes resulting from examination of its income tax returns; international economic, currency, regulatory, political and other risks; facilities of the company and its suppliers and customers are located in areas subject to natural disasters; the ability to protect proprietary rights; the ability to satisfactorily resolve any infringement claims; uncertain benefits from strategic business combinations; declines in the market value of the company's marketable securities; environmental compliance costs; changes in regulations or standards regarding energy use of the company's products; difficulties in transitioning to smaller geometry process technologies; the use of "open source" software in the company's products; and computer viruses and other tampering with the company's computer systems.
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