This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

QLogic's Management Presents At Deutsche Bank's 2012 DbAccess Technology Conference (Transcript)

Of course, the third thing is execution. As a company, we are very focused on execution, in delivering quality and innovative product and also execution in delivering a good business model and shareholder value. If you look at our financial model, we have consistently delivered strong financial performance over many, many years. The business generate a very strong cash flow. We also have returned $1.8 billion cash to shareholders through stock buyback, so we’re very committed to shareholder value creation.

On the market leadership side, just a quick highlight, right, we are the leader in Fiber Channel market. We have 55% market share, and we gained market share each year during the last eight years. In the emerging Fiber Channel over Ethernet market, again, we are number one. We have 54% market share. This is a emerging new market, the market is still very small, but leverage our Fibre Channel adapter leadership, but we have again the similar market share. In the 10-gig Ethernet, including FCoE adapter card in 2011, we’re number two just next to Intel. So in this new market opportunity, we really carved out a nice position for ourselves.

For some of you who are not familiar with QLogic, just two quick slide about our product and the customers. Our host product include Fiber Channel adapters, the 10-gig adapters, converged adapters, and iSCSI adapters. Typically, they sit inside of the server or it could be in the storage array from the end, it accounts for about 77% of our revenue, so it’s really the major business of QLogic.

And then our network product include Fibre Channel switches, Fibre Channel over Ethernet switches, and the intelligent storage routers. The revenue is about 13% of our overall revenue and also we provide silicon product, ASIC to customers when they need just ASIC product. Most of the silicon product actually belong to the host category. Silicon products tend to be around 10% of our revenue. We have a very OEM-centric model traditionally. If you look at our top six customers that we have, top four server OEMs, HP, IBM, Dell and Oracle and also we have two top storage OEMs, EMC and NetApp, those are our top six customers.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs