ALISO VIEJO, Calif., Oct. 6, 2014 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced the appointment of Milind Karnik to the position of senior vice president of global engineering, effective immediately.
Karnik has more than 28 years of executive leadership experience in the server and storage industries and joins QLogic following key roles as senior vice president of worldwide engineering at LSI's Enterprise Storage Group and Silicon R&D division, vice president of product test at Dell and general manager of the platform validation and engineering group at Intel. Karnik has a Master's and a Bachelor's degree in Computer Engineering from the University of Texas at Austin and holds several patents in the area of computer architecture.
"We are extremely pleased to have Milind join QLogic as our senior vice president of global engineering," said Prasad Rampalli, president and chief executive officer, QLogic. "He brings a unique set of technical leadership and management experience that will enhance our executive team."
"QLogic's cutting edge technology in both its Fibre Channel and Ethernet products provides high-performance, scalability and efficiency for servers and storage leveraging the new Intel Xeon E5-2600 v3 processors," said Karnik. "I am excited about joining QLogic and leading the global engineering team as the company capitalizes on the growth opportunities with the Grantley server refresh cycle underway."
Karnik will report directly to Rampalli in his new role.
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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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CONTACT: Media Contact: Steve Sturgeon QLogic Corporation 858.472.5669 firstname.lastname@example.org Investor Contact: Doug Naylor QLogic Corporation 949.542.1330 email@example.comSource:QLogic Corp.