QLOGIC CORPORATION ANNOUNCES 2-FOR-1 STOCK SPLIT
Costa Mesa, Calif., January 19, 2000 -- QLogic Corporation (Nasdaq:QLGC), a leading designer and supplier
of semiconductor and board-level, input/output (I/O) and enclosure management products, announced today that
its Board of Directors approved a two-for-one stock split of the Company's issued and outstanding common
stock to be effected by way of a stock dividend. On the ex-dividend date of February 9, 2000, stockholders will
be entitled to receive one additional share for every share they own on the record date of February 2, 2000.
Following the effective date of the split, QLogic will have approximately 73 million shares outstanding. This action
will be the third time that QLogic's stock has been split since the Company's stock commenced public trading.
Previous two-for-one stock splits occurred in February 1999 and August 1999.
QLogic Corporation is a leading designer and supplier of semiconductor and board-level I/O (input/output) and
enclosure management products. The Company's products provide high-performance interface connections
between computer systems and their attached data storage peripherals, such as hard disk drives, tape drives and
RAID subsystems. In addition, QLogic provides enclosure management products that monitor and communicate
management information related to components that are critical to computer system and storage subsystem
reliability and availability. QLogic's highly integrated, fully featured solutions are targeted at the computer system,
storage device and storage subsystem marketplaces. The Company believes that its I/O and enclosure
management solutions encompass one of the industry's broadest ranges of Fibre Channel and SCSI technologies,
and offer OEM customers a simple, low risk migration path between technologies.
With the exception of historical information, the statements set forth above include forward-looking statements
that involve risks and uncertainties. The