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News Release


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QLogic Acquires NetXen
ALISO VIEJO, Calif., Apr 30, 2009 (BUSINESS WIRE) -- QLogic Corp. (NASDAQ:QLGC), a leading supplier of high performance network infrastructure solutions, today announced that it has acquired NetXen, Inc. QLogic will pay approximately $21 million in cash for NetXen (subject to certain closing adjustments). Both companies serve the same customers and address similar markets. This acquisition provides QLogic with complementary networking products and intellectual property. The acquisition further expands QLogic's expertise in strategic areas of technology and enables the company to better address a wider range of emerging customer requirements for converged networks.

QLogic will provide further details regarding the transaction during its fiscal 2009 fourth quarter earnings conference call at 2:30 p.m. today. The call is being webcast live via the Internet at http://ir.qlogic.com and www.earnings.com. Phone access to participate in the conference call is available at (719) 325-4797, pass code: 5416549.

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: potential fluctuations in operating results; revenues may be affected by changes in IT spending levels; gross margins that may vary over time; 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; the company's dependence on sole source and limited source suppliers; the company's dependence on relationships with certain silicon chip suppliers; declines in the market value of the company's marketable securities; 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 the company's products; changes in the company's tax provisions or adverse outcomes resulting from examination of its 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.

SOURCE: QLogic Corporation

QLogic Corporation
Media Contact:
Steve Zivanic, 408-667-8039
steve.zivanic@qlogic.com
or
Investor Contact:
Simon Biddiscombe, 949-389-7533
simon.biddiscombe@qlogic.com