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Good morning. Thank you very much for joining us this morning. Before I start, just a quick reminder, our comments today may contain forward-looking statement, so they are subject to our Safe Harbor statement. You can read on the screen.
I want to start this presentation with some key messages about QLogic. The first one is certainly market opportunity. So what we have seen is a tremendous growth opportunity ahead of QLogic. Our traditional Fibre Channel market continued to be very solid and stable. Fibre Channel technology continued to be the choice for enterprise mission-critical applications.
Now what we have seen is a significant growth opportunity in 10-gig Ethernet and converged market. There is a secular technology trend happening in data center, the technology transition from 1-gig to 10-gig Ethernet and the converged network.
QLogic participated in this market from both the host side and switching side. So our market opportunity would double in next several years in this space, it’s very exciting. Then last week, we also announced a new technology. This new technology really combine our high performance I/O adapter card with industry-standard flash technology to bring the server-side caching to storage area network. It’s very exciting and it opened additional adjacent big opportunity for us.
Secondly, QLogic is very uniquely positioned to capture those opportunities, and our competitive advantage really comes from our strong IP portfolio, deep expertise in high performance I/O in data center, and also the key differentiator is really the battle-hardened software, firmware we have been with during the last decade and tested for a long time. And the other advantage we have certainly is our strong incumbency. We have shipped over 12 million Fiber Channel adapter ports for the last decade. We established the strong brand preference for our product in the data center. CIO’s really know QLogic product very well on the interconnect side.