QLogic Second Only to Intel in 10Gb Ethernet Adapter Market Share
ALISO VIEJO, Calif., Aug 23, 2010 (GlobeNewswire via COMTEX) --
QLogic Corp. (Nasdaq:QLGC) today announced that it gained share in the 10GbE adapter market for the fifth consecutive quarter according to new data published by market researchers at the Dell'Oro Group in its 2Q10 Network Adapter Report. QLogic is the only vendor to have gained market share for five consecutive quarters (Q2CY09-Q2CY10). With 15.7 percent revenue share in the 10GbE adapter market, QLogic took over the number two position for the first time, second only to Intel for the quarter.
"With the momentum of our leadership position in 10GbE converged network adapters, the latest Dell'Oro Group Network Adapter Report confirms that our 10Gb Ethernet adapter portfolio continues to gain significant sales traction in the marketplace," said Amit Vashi, vice president of marketing, Host Solutions Group, QLogic. "A key reason we have achieved the number two position in this critical market is that the QLogic(R) Ethernet software stack is qualified and shipping at every major OEM--including Cisco, Dell, EMC, HP, Hitachi Data Systems, IBM, NetApp and Oracle--powering a broad range of 10GbE-based networking solutions."
Dell'Oro forecasts the 10GbE adapter market to grow from $200 million in 2010 to nearly $800 million by 2014. Converged data center infrastructures and the increasing prevalence of virtual machines--all against the backdrop of a server refresh cycle--are driving this growth.
For additional information about the Dell'Oro 2Q10 Network Adapter Report, visit: www.dellorogroup.com
For additional information on QLogic 10GbE adapters, visit: http://bit.ly/aaiLh7
Follow QLogic @ twitter.com/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 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