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Hi, we're going to get going, stay on time. We're delighted to have QLogic with us right now. They have been also good friends of ours in the industry for a long time. We're delighted to have Jean Hu here, the CFO of the Company who will do a presentation and then we'll do some Q&A. So thanks a lot. Jean?
Okay. Thank you, [Ben]. Thank you, everybody for joining us this afternoon. So first is our Safe Harbor statement. So our presentation today will be subject to our Safe Harbor statement. I think I want to start our presentation with some of the key messages or takeaway points for QLogic first. The first thing is really market opportunity. We believe there is a significant growth opportunity ahead of QLogic. So what we have seen is our traditional Fibre Channel market continued to show strength and growth. More importantly, we really started to see our expansion market, which is about 10 gig Ethernet, Fibre Channel over 10 gig ethernet and the converge to switching opportunities started to grow significantly.
So when we walk through the presentation, we will talk about the fundamental drivers for this market opportunity. Second thing is that we think that QLogic is very well positioned to address this market opportunity. So our competitive advantage really comes from our strong IP portfolio and expertise in the Fibre Channel high performance area and also in the storage area network.