Most Recent Reports From Leading Analyst Firms Confirm Overall Market Strength and QLogic Share Gains in Both Fibre Channel and 10Gb Ethernet Adapter Markets
ALISO VIEJO, Calif., Nov. 17, 2011 (GLOBE NEWSWIRE) -- QLogic (Nasdaq:QLGC) today announced that Crehan Research and Dell'Oro Group have confirmed QLogic® global market share gains in both the Fibre Channel adapter market and the market for 10Gb Ethernet adapters, or network interface cards (NICs).
According to the Dell'Oro Group 3Q11 SAN report, year-to-date 2011 Fibre Channel adapter port shipments achieved all-time, record-high levels in the first three quarters of 2011. And according to Dell'Oro Group's five-year forecast report released on July 2011 covering the SAN market, the firm predicts Fibre Channel adapter revenue will continue to grow through 2013.
Server-class 10Gb Ethernet Adapter and LOM revenues have recently surpassed $100 million per quarter, and are on track for about fifty percent annual growth, according to Crehan Research. "Driven by factors such as server virtualization, exponential growth in connected devices and network convergence, this technology continues to enjoy outstanding growth rates despite continued macroeconomic challenges," said Seamus Crehan, president of Crehan Research.
"Customers around the globe depend on our mature, highly interoperable solutions to power their mission-critical storage networks," said Amit Vashi, vice president of marketing, Host Solutions Group, QLogic. "These latest reports validate the market preference for QLogic and our leadership position in Fibre Channel. Our large installed base of hardened and interoperable Fibre Channel adapters will continue to drive preference for QLogic 10Gb Ethernet adapter solutions."
QLogic's recently announced FlexSuite™ adapters extend the capabilities of existing SANs with the flexibility to power 16Gb Fibre Channel or 10Gb Ethernet converged networks from the same hardware, and are optimized to provide greater performance, scalability and compliance in virtualized server and I/O environments.
QLogic -- the Market Leader
QLogic market share leadership is driven by IT professionals in Global 2000 corporate data centers that are deploying QLogic network adapters. Fibre Channel adapters from QLogic offer a suite of technology advancements that enable storage administrators in large enterprises to ensure comprehensive business continuity, maintain application performance and cost-effectively scale their networks. The undisputed leader in both Fibre Channel and iSCSI adapters, QLogic has an unparalleled advantage in delivering converged networking technology. Based on QLogic's advanced Network Plus Architecture, QLogic converged network 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 converged network adapters are available from Cisco, Dell, EMC, HP, Hitachi Data Systems, IBM, NetApp, Oracle and solution providers worldwide.
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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.
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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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