Re: 8/25/00 [EMLX/QLGC] QLogic Corporation Believes Stock Volatility is Related to a Fictitious Emulex Press Release
( BW)(CA-QLOGIC-CORP)(QLGC) QLogic Corporation Believes Stock Volatility is Related to a Fictitious Emulex Press Release
ALISO VIEJO, Calif.--(BUSINESS WIRE)--Aug. 25, 2000--QLogic Corporation (Nasdaq:QLGC), a leader in the I/O industry, believes today's stock volatility is related to an incident involving Emulex Corporation. According to Emulex, unknown persons published and circulated a fictitious press release earlier today.
With the exception of historical information, the statements set forth above include forward-looking statements that involve risks and uncertainties. The Company wishes to advise readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include uncertainties concerning the identification and integration of appropriate acquisitions and new technical personnel; new and changing technologies and uncertain customer acceptance of those technologies; a change in semiconductor foundry capacity or conditions; fluctuations in the growth of I/O markets; fluctuations or cancellations in orders from OEM customers; the Company's ability to compete effectively with other companies; cancellation of OEM products associated with design wins; and reductions in the need for space and increased costs of operations due to facility relocation. Carrying additional expansion space may increase costs and adversely impact future earnings. These and other factors which could cause actual results to differ materially are also discussed in the company's filings with the Securities and Exchange Commission, including its recent filings on Form S-3, Form 10-K, and Form 10-Q. Trademarks and registered trademarks are the property of the companies with which they are associated.
About QLogic
A member of the Nasdaq-100(R) Index, QLogic Corporation sold more Fibre Channel host bus adapters in 1999 than any other manufacturer in the world according to IDC. The company is also a leading designer and supplier of semiconductor and board-level I/O and enclosure management products targeted at the computer system, storage device and storage subsystem marketplaces. QLogic high-performance controllers are implemented in products from technology leaders such as AMI, Compaq, Dell, Fujitsu, Hitachi, IBM, Iwill, Quantum, Raidtec, Siemens, Sun Microsystems and Unisys. The company's high-performance Fibre Channel and SCSI solutions play a key role in enabling enterprise-level storage area networks (SANs) and the company's enclosure management products monitor and communicate component information that is critical to computer system and storage subsystem reliability and availability. For more information about QLogic and its products, contact QLogic Corp., 26600 Laguna Hills Drive, Aliso Viejo, CA 92656; telephone: 800/662-4471 (sales); 949/389-6000 (corporate); fax: 949/389-6126; home page qlogic.com.
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CONTACT: QLogic Corporation, Aliso Viejo
Thomas R. Anderson, 949/389-6213 (Vice President, CFO)
Fax: 949/389-6488
or
Michael R. Manning, 949/389-6399 (Secretary & Treasurer)
Fax: 949/389-6487
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: HARDWARE NETWORKING
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