Leading Research Firms Confirm QLogic Extended Its Lead and Gained Revenue Share in Fibre Channel Adapter Market in Calendar Q1 2011
ALISO VIEJO, Calif., May 23, 2011 (GlobeNewswire via COMTEX) -- QLogic Corp. (Nasdaq:QLGC) today announced that the company gained revenue market share in Fibre Channel adapters in calendar Q1 2011 according to new reports from two leading industry research firms, Dell'Oro Group1 and Crehan Research2.
Both research firms show QLogic gained market share and increased the lead over its nearest competitor in Fibre Channel adapters. QLogic maintained its clear number one position with more than 55 percent of total revenue share, a lead of more than 18 percentage points over its nearest rival and an increase of 1.9 percentage points over the previous quarter.
"These latest market share figures are validation that QLogic continues to gain momentum in the Fibre Channel adapter market by continuing to make the right technology and engineering investments and executing well with our growing customer base," said Amit Vashi, vice president of marketing, Host Solutions Group, QLogic. "Enterprise customers worldwide continue to depend on Fibre Channel networks to run their high performance storage applications. This large, loyal base of customers has come to rely on QLogic as the trusted leader in Fibre Channel adapters and with 16Gb Fibre Channel products on the horizon Fibre Channel continues to meet the performance demands of insatiable storage applications that require reliable and proven high-performance storage bandwidth."
QLogic: The Fibre Channel Adapter of Choice in the Data Center
QLogic market share leadership is driven by IT professionals in Global 2000 corporate data centers that are deploying Fibre Channel 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.
1For additional information about the Dell'Oro Group's Q1 2011 reports, visit: www.dellorogroup.com
2For additional information about the Crehan Research Q1 2011 Server-class Adapter and LOM market share report, visit: www.crehanresearch.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.
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SOURCE: QLogic Corp.
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