Latest Dell'Oro Group Report Confirms That QLogic Leads the Market by More Than 18 Points of Share
ALISO VIEJO, Calif., Aug 12, 2010 (GlobeNewswire via COMTEX) --
QLogic Corp. (Nasdaq:QLGC) today announced that it leads the 10GbE converged network adapter market according to new data published by the Dell'Oro Group in its Q2 2010 market report -- the first credible, independent source to track converged network adapter market share.
With 58.25 percent 10GbE converged network adapter market share in revenue for calendar Q2 2010, QLogic led its nearest competitor by 18.5 percentage points. In addition, the report shows that QLogic continues to maintain its strong number one position in Fibre Channel adapters.
"Based on the first credible data on 10GbE converged network adapter market share, Dell'Oro analysts have confirmed that QLogic is the leader in this critical new segment, which is an important stepping stone to a broader 10Gb Ethernet market," said Amit Vashi, vice president of marketing, Host Solutions Group, QLogic. "By providing first-to-market technology that is unsurpassed in flexibility, performance and power efficiency, QLogic has become the premier supplier of single-chip 10GbE converged network adapters for every major OEM worldwide. Our strength in 10GbE converged network architecture positions us well to take incremental market share in the 10Gb Ethernet adapter market, which Dell'Oro Group projects will grow up to 50 percent per year for the next five years and represent approximately $800 million in total revenue by 2014."
QLogic -- the Leader in Converged Networking
The undisputed leader in both Fibre Channel and iSCSI adapters, QLogic has an unparalleled advantage in delivering converged networking technology. Applications once managed in silos are now using converged infrastructure where QLogic's technology in servers, networks and storage provide secure and proven end-to-end solutions. Based on QLogic's advanced Network Plus Architecture, QLogic adapters are designed for next-generation, virtualized and unified data centers with powerful multi-processor, multi-core servers and are available in multiple form factors, including standard and mezzanine cards. QLogic 8100 Series converged network adapters are available from Cisco, Dell, EMC, HP, Hitachi Data Systems, IBM, NetApp, Oracle and solution providers worldwide.
For additional information about the Dell'Oro 2Q 2010 SAN Report, visit: www.dellorogroup.com.
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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 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.
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.
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SOURCE: QLogic Corp. Media Contact:
Sonal Dave, 949-389-6000
Doug Naylor, 949-389-7525