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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: billy97 who wrote (28977)4/17/2002 9:05:44 AM
From: windmast  Read Replies (1) of 29386
 
QLogic and Cisco Enter Technology Alliance; Agreement Encompasses Technology Integration, Solutions Marketing and Joint Interoperability Testing

SAN JOSE, Calif. & ALISO VIEJO, Calif.--(BUSINESS WIRE)--April 17, 2002--QLogic Corp. (Nasdaq:QLGC), the company with a vision of a storage area network (SAN) in every business, and Cisco Systems, Inc., the worldwide leader in networking for the Internet, today announced the two companies have entered into an alliance, which will include agreements to integrate QLogic technology and components into Cisco systems storage networking products, marketing of solutions, and joint interoperability testing.

"Cisco's goal in storage networking is to combine the best aspects of existing and emerging technologies to deliver the most practical and effective solutions for customers," said Soni Jiandani, vice president of Marketing in Cisco's Storage Technology Group. "By working with companies such as QLogic, we are able to take advantage of the core competencies of both companies, which enables us to advance storage networking much faster for our customers."

"Ethernet switch fabrics are the dominant infrastructure for data networks. Providing a vehicle for file transfer, they already play an important storage role in connecting application servers to file servers and network attached storage," said James Opfer, Gartner Dataquest. "Just as Ethernet is dominant for data networks, Fibre Channel stands alone as the incumbent technology for block-level transfers in SANs. With Fibre Channel entrenched in the SAN space and Ethernet ubiquitous and familiar, Fibre Channel and Ethernet fabric solutions incorporating PCI-based host bus adapters have a credible evolution path."

Convergence of Storage and Networking

Leading companies share a vision of globally networked storage by extending their storage networks beyond isolated islands in the data center to campus, metropolitan, and wide-area environments. Cisco Systems' storage networking initiative helps organizations extend their current storage networking infrastructures to realize benefits such as lowered total cost of owning storage and improved business continuance.

The Cisco Storage Networking strategy approaches storage networking from a transport, media-independent point of view, incorporating a variety of technologies including iSCSI (Internet Small Computer Systems Interface), FCIP (Fibre Channel over IP), metro DWDM (Dense Wavelength Division Multiplexing), and Fibre Channel.

About QLogic (www.qlogic.com)

QLogic Corporation (Nasdaq:QLGC) simplifies the process of networking storage for OEMs, resellers and system integrators with the only end-to-end infrastructure in the industry, consisting of award-winning controller chips, host bus adapters, network switches and management software to move data from the storage device through the fabric to the server. QLogic designs and produces solutions based on all storage network technologies including SCSI, iSCSI, InfiniBand and Fibre Channel. A member of the S&P 500 Index, QLogic was recently ranked number 25 on Forbes' Best 200 Small Companies and number 20 on Fortune's 100 Fastest Growing Companies.

Note: All QLogic-issued press releases appear on the company's web site (www.qlogic.com). Any announcement that does not appear on the QLogic web site has not been issued by QLogic.

Disclaimer -- Forward-Looking Statements

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 new and changing technologies and 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.

CONTACT:

QLogic Corporation, Aliso Viejo

Steve Sturgeon, 949/389-6268

steve.sturgeon@qlogic.com

or

Frank Calderoni (investors), 949/389-6120

frank.calderoni@qlogic.com

SOURCE: QLogic Corp.
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