QLogic Names Ahmet Houssein Senior Vice President and General Manager,
Ethernet Business Unit
ALISO VIEJO, Calif., July 23, 2014 (GLOBE NEWSWIRE) -- QLogic Corp.
(Nasdaq:QLGC), a leading supplier of high performance network infrastructure
solutions, today announced the appointment of Ahmet Houssein to the position
of senior vice president and general manager of the Ethernet Business Unit,
Houssein has more than 25 years of experience delivering innovative products
and driving profitable business growth – from start-up organizations to
Fortune 500 corporations. Houssein was president and CEO of Silverback
Systems, which was sold to Brocade Communications Systems. Additionally, he
held the position of vice president and general manager of Adaptec's Storage
Solutions Group. Previously, he was the general manager at Intel Corporation's
Home Server Operation and was one of the key leaders in the creation of the
Next Generation I/O architecture. Houssein was also a founding board member of
the Storage Networking Industry Association (SNIA).
"We are extremely pleased to have Ahmet join QLogic as our senior vice
president and general manager of the Ethernet Business Unit," said Prasad
Rampalli, president and chief executive officer, QLogic. "Ahmet's industry
experience and deep technical capabilities are an important addition to the
company as we expand our position in the Ethernet market."
"QLogic's recently acquired Ethernet portfolio, combined with its
industry-leading Fibre Channel solutions uniquely positions it to provide
differentiated server I/O solutions to a broad enterprise and cloud
marketplace," said Houssein. "This is an exciting time to be joining the
organization and I look forward to being an integral part of the management
Houssein will report directly to Rampalli in his new role.
The most advanced networks demand sophisticated capabilities, and for 20 years
QLogic has consistently delivered performance, innovation, flexibility,
reliability and control for these environments. Breakthrough application
performance gives customers faster time-to-data. Innovation delivers new
capabilities, greater efficiency and maximum performance. Unprecedented
flexibility connects mission-critical applications to any storage network.
Reliability is backed by the highest mean-time-between-failure and the
industry's only five-year warranties, and robust infrastructure management
capabilities put network controls in the hands of customers.
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QLogic – the Ultimate in Performance
QLogic (Nasdaq:QLGC) is a global leader and technology innovator in high
performance server and storage networking connectivity products. Leading OEMs
and channel partners worldwide rely on QLogic for their server and storage
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 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 ability to attract and retain key personnel; 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; 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, acquisitions and divestitures; declines in the market value of
the company's marketable securities; changes in and compliance with
regulations; difficulties in transitioning to smaller geometry process
technologies; the use of "open source" software in the company's products;
system security risks, data protection breaches and cyber-attacks; and the
company's ability to borrow under its credit agreement is subject to certain
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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