updated 2/22/2011 8:17:35 AM ET 2011-02-22T13:17:35

ALISO VIEJO, Calif., Feb. 22, 2011 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC) today announced that the company gained revenue market share in Fibre Channel adapters, Fibre Channel over Ethernet (FCoE) converged networking adapters, and 10Gb Ethernet adapters in calendar year 2010 according to new reports from two leading industry research firms, Dell'Oro Group1 and Crehan Research2.

Both research firms show QLogic maintained its dominant number one position in Fibre Channel adapters, maintaining more than 54 percent of total revenue share, and leading its nearest competitor by more than 16 percentage points for the second year in a row. The data also shows QLogic took over the lead in the emerging FCoE adapter market, with more than 43 percent of the market, taking revenue market share directly from its nearest competitor and leading its rival by 13 percentage points. In the 10Gb Ethernet adapter space (excluding FCoE), both reports also show that QLogic gained revenue market share for calendar year 2010, which validates the continued momentum the company has gained since entering the 10Gb Ethernet adapter market.

"QLogic achieved its goal of gaining revenue market share in Fibre Channel, FCoE, and 10Gb Ethernet adapters in calendar 2010, according to both Dell'Oro Group and Crehan Research," said Amit Vashi, vice president of marketing, Host Solutions Group, QLogic. "Our leading market position is a result of leadership in engineering, performance, time-to-market and customer satisfaction. We expect these traits to continue to serve us well as we execute on customer demands and requirements in calendar 2011."

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.

1For additional information about the Dell'Oro Group's Q4 2010 reports, visit: www.dellorogroup.com

2For additional information about the Crehan Research Q4 2010 Server-class Adapter and LOM market share report, visit: www.crehanresearch.com .

Follow QLogic @ twitter.com/qlogic

About 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.

CONTACT: Media Contact:
         Sonal Dave
         QLogic Corporation
         949.533.1655
         sonal.dave@qlogic.com
         
         Investor Contact:
         Doug Naylor
         QLogic Corporation
         949.389.7525
         doug.naylor@qlogic.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.15%
17.14%
Source: Bankrate.com