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Okay. Thank you all for joining us today, those of you who don’t know me I am Bill Shope, I am the IT (inaudible) for Goldman Sachs and today we are very happy we are very happy to be hosting Simon Biddiscombe, CEO of QLogic as many of you know QLogic is the leader in the storage networking market and obviously he has many great insights for us on that market and on its evolution as well as by the enterprise market overall. So with that
So with that we will go ahead and get started, Simon I wanted to, give that there is some probably some investors that don’t know the story all that all yet. Wanted to start off with a bit of a primary type of question if you could just to us a rundown the core QLogic story.
So historically QLogic has been very focused on fiber channel technologies and we have had both fiber channel host technologies that would be server or storage deployed and then private channel switch technologies as well.
And the private channel market has actually continued to be very robust despite people suspect its demise might be eminent over the course of many, many years. There is an industry we shipped more fiber channel ports last year than ever before. Last year we shipped 3.4 million euros so the fiber channel market continues to be a very robust market and QLogic enjoys a significant leadership position in the host part of the market with 55% market share and way ahead of the nearest competitor.