QLogic Builds on Leadership Position in Fibre Channel Adapter Market With
Share Gains in First Half of 2014
Latest Market Share Reports From Dell'Oro Group and Crehan Research Show
QLogic Gained Revenue Share Over 2013
ALISO VIEJO, Calif., Aug. 15, 2014 (GLOBE NEWSWIRE) -- QLogic Corp.
(Nasdaq:QLGC), theindustry leader in Fibre Channel adapters,today
announcedthat the company gained revenue share in the Fibre Channel adapter
market in the first half of calendar year 2014, as confirmed by recent market
share reports from the Dell'Oro Group^1and Crehan Research^2. On a combined
basis, inclusive of QLogic and the acquired Brocade adapter product lines for
all periods, QLogic gained an absolute 1.4points ofmarketsharefrom
calendaryear 2013, extending itsdouble digitmarket sharelead
overitsnearest competitor byan additional 2.6share points.QLogic
currently holds a total revenue share of 58.0 percent according to Dell'Oro
Group and 57.1 percent share according to Crehan Researchand is on pace to
achieve its 11^thconsecutive year of Fibre Channel adapter market share
"The first half of 2014 saw continued expansion in QLogic's Fibre Channel
share position," said Vikram Karvat, vice president of marketing, QLogic. "We
were very pleased with our performance across the breadth of our OEM and
channel customers, as well as across geographies, and with the Gen 5 Fibre
Channel transition continuing, we see increased demand for our award-winning
FlexSuite^TM 2600 Series adapters."
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.
^1Dell'Oro Group Q2 2014 SAN Report
^2Crehan Research Q2 2014 Quarterly Market Share Report
Follow QLogic @ twitter.com/qlogic
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: potential fluctuations in operating results;
gross margins that may vary over time; unfavorable economic conditions; 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; uncertain benefits from strategic business combinations,
acquisitions and divestitures; 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; 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; a reduction in sales efforts by current distributors;
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 covenants.
More detailed information on these and additional factors that 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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