ALISO VIEJO, Calif., Aug. 15, 2014 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), the industry leader in Fibre Channel adapters, today announced that 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 Group1 and Crehan Research2. On a combined basis, inclusive of QLogic and the acquired Brocade adapter product lines for all periods, QLogic gained an absolute 1.4 points of market share from calendar year 2013, extending its double digit market share lead over its nearest competitor by an additional 2.6 share 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 Research and is on pace to achieve its 11th consecutive year of Fibre Channel adapter market share leadership.
"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 FlexSuiteTM 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
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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: 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.
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