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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Eleder2020 who wrote (28981)	4/26/2002 7:54:32 PM
From: windmast	Respond to of 29386

Want to send this story to another AOL member? Click on the heart at the top of this window. QLogic Corporation to Announce Fourth Quarter and Fiscal Year End 2002 Results; Teleconference Scheduled for Tuesday, May 7, 2002 ALISO VIEJO, Calif.--(BUSINESS WIRE)--April 26, 2002--QLogic Corp. (Nasdaq:QLGC), the company that simplifies storage networking, plans to announce its fourth quarter and fiscal year end 2002 financial results after the close of the market on Tuesday, May 7, 2002. Following the press release, QLogic will host a conference call at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time). H.K. Desai, chairman of the board, chief executive officer and president and Frank Calderoni, vice president and chief financial officer, will conduct the conference call. The call is being webcast live via the Internet at www.qlogic.com or via CCBN. Phone access is available at (913) 981-5518, passcode: 285179. A replay of the conference call will be available via webcast at www.qlogic.com or audio at (719) 457-0820, passcode: 285179. The webcast will be available for 90 days. The audio replay will be available through May 17, 2002. About QLogic (www.qlogic.com) QLogic Corporation 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.

To: Eleder2020 who wrote (28981)	4/28/2002 1:24:43 PM
From: trendmastr	Read Replies (1) \| Respond to of 29386

IBM inks storage deal with Adaptec Fri Apr 26, 7:57 PM ET Stephen Shankland CNET News.com IBM has signed a deal to use Adaptec hardware for a new technology that links storage systems using conventional computer networks. Storage systems are increasingly communicating to servers over networks rather than through a direct, dedicated attachment, but to achieve high performance, the network must incorporate an expensive and complex communications standard called Fibre Channel. IBM, Cisco Systems, Adaptec and others are pushing a technology called iSCSI that uses regular networks based on the less exotic Internet Protocol (IP) and Ethernet standards used in corporate networks, as well as the Internet itself, to skirt Fibre Channel. The main drawback of iSCSI, though, is that preparing packets of information for the IP network sops up large amounts of processing power. To work effectively, iSCSI-based networks need special-purpose chips to handle data transfers only. Under the deal announced Friday, Adaptec, a large manufacturer of network cards, will supply IBM with cards and chips that support iSCSI connections using 1-gigabit-per-second and 10-gigabit-per-second speeds, the companies said. "This iSCSI design win validates Adaptec's architecture, chips and software," Merrill Lynch financial analyst John Roy said in a report Friday. "While IBM hasn't disclosed details of its plans for iSCSI products, usage of Adaptec's iSCSI technology across the complete IBM product line could add $70 (million to) $120 million in revenue over the next two years." iSCSI is not yet a formally ratified standard. Supporters expect the technology to be standardized by mid-2002.