ALISO VIEJO, Calif., Nov. 11, 2013 (GLOBE NEWSWIRE) -- QLogic (Nasdaq:QLGC), the industry leader in Fibre Channel adapters, today announced that the company gained share in the Fibre Channel adapter market in the third quarter of calendar year 2013, according to new data from the Dell'Oro Group Q3 2013 SAN Report and the Crehan Research Q3 2013 Quarterly Market Share Report. QLogic captured significant revenue market share in the 16Gb Gen 5 Fibre Channel category, increasing by 12 percentage points sequentially, according to the Dell'Oro Group. Both research firms reported that QLogic increased the lead over its nearest competitor by more than five percentage points in overall Fibre Channel revenue market share, boosting the company's lead to more than 15.4 percentage points and strengthening its leading Fibre Channel revenue share position to more than 54 percent.
"More than ever, QLogic is focused on developing superior Fibre Channel adapter solutions," said Amit Vashi, vice president of products, technology and planning, QLogic. "The most recent market share data from Dell'Oro and Crehan validates that the QLogic Fibre Channel brand continues as second-to-none among end-users and OEMs. Enterprise demand for greater throughput continues to grow and leading OEMs, channel partners and end-users are turning to QLogic's award-winning Gen 5 Fibre Channel adapters as their go-to storage networking solutions for proven reliability, and superior real-world performance."
QLogic's award-winning FlexSuite 2600 Series Gen 5 solutions, available from leading server and storage OEMs such as Dell, Dot Hill, EMC, Fujitsu, HP and IBM, are designed to deliver the performance and reliability that have made QLogic the leader in Fibre Channel adapters for nine consecutive years. QLogic market share leadership is driven by IT professionals in Global 2000 corporate data centers where virtualization-dominated IT landscapes and enterprise I/O performance is crucial. 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.
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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 covenants.
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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