Exhibit 99.1
FOR IMMEDIATE RELEASE
Editor’s Contact:
Steve Sturgeon
QLogic Corporation
Phone: 949/389-6268
steve.sturgeon@qlogic.com
Investor’s Contact:
Michael Roe
QLogic Corporation
Phone: 949/389-6440
michael.roe@qlogic.com
QLogic Announces Appointment of Balakrishnan S. Iyer to its Board of Directors
ALISO VIEJO, Calif., June 16, 2003 -QLogic Corp. (NASDAQ:QLGC), the company that powers storage area networks (SANs), today announced that Balakrishnan (Bala) S. Iyer has been appointed to its board of directors. Iyer is currently the senior vice president and chief financial officer of Conexant Systems, Inc. (Nasdaq: CNXT). Iyer’s appointment is effective Thursday, June 12.
Before joining Conexant in December 1998, Iyer served as senior vice president and chief financial officer of VLSI Technology Inc. Prior to that, he was corporate controller for Cypress Semiconductor Corp. and Director of Finance for Advanced Micro Devices. Iyer has an M.B.A. in finance from The Wharton School of the University of Pennsylvania, an M.S. degree in industrial engineering from the University of California, Berkeley and a B.S. degree in mechanical engineering from the Indian Institute of Technology.
“I’m confident that Bala will be an invaluable addition to the QLogic board,” said H.K. Desai, president, chairman and CEO of QLogic. “As a key executive of an established semiconductor company, and with his extensive background in both engineering and finance, Bala will be a key contributor to QLogic’s strategic vision.”
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Disclaimer- Forward Looking Statements
More detailed information on these and additional factors which could affect QLogic’s operating and financial results are described in QLogic’s Forms 10-Q, 10-K and other reports, filed or to be filed with the Securities and Exchange Commission. QLogic urges all interested parties to read these reports to gain a better understanding of the many business and other risks that QLogic faces. Additionally, QLogic undertakes no obligation to publicly release the results of any revisions to these forward-looking statements, which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.
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