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8-K - FORM 8-K - QLOGIC CORP | d256334d8k.htm |
FOR IMMEDIATE RELEASE | Exhibit 99.1 |
Media Contact:
Tim Lustig
QLogic Corporation
949.389.6196
tim.lustig@qlogic.com
Investor Contact:
Jean Hu
QLogic Corporation
949.389.7579
jean.hu@qlogic.com
QLOGIC ANNOUNCES APPROVAL OF A STOCK REPURCHASE
PROGRAM FOR AN ADDITIONAL $200 MILLION
ALISO VIEJO, Calif., Nov. 15, 2011QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced that its board of directors has authorized a program to repurchase up to an additional $200 million of the companys outstanding common stock over a period of up to two years from the conclusion of the current stock repurchase program.
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About QLogic
QLogic (Nasdaq:QLGC) is a global leader and technology innovator in high performance networking, including adapters, switches and ASICs. Leading OEMs and channel partners worldwide rely on QLogic products for their data, storage and server networking solutions. For more information, visit www.qlogic.com.
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