QLogic Announces Preliminary First Quarter Results for Fiscal Year 2009

More detailed information on these and additional factors which could affect the company's operating and financial results are described in the company's Forms 10-K, 10-Q and other reports filed, or to be filed, with the Securities and Exchange Commission. The company urges all interested parties to read these reports to gain a better understanding of the business and other risks that the company faces. The forward-looking statements contained in this press release are made only as of the date hereof, and the company does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

QLogic and the QLogic logo are registered trademarks of QLogic Corporation. Other trademarks and registered trademarks are the property of the companies with which they are associated.

QLOGIC CORPORATION

 

RECONCILIATION OF GAAP NET INCOME PER DILUTED SHARE PRELIMINARY RESULTS

TO NON-GAAP NET INCOME PER DILUTED SHARE PRELIMINARY RESULTS

 

(unaudited)

   
Three Months Ended June 29, 2008
 
GAAP net income per diluted share preliminary results $0.22 - 0.23
Items excluded from GAAP net income per diluted share, including stock-based compensation, amortization of purchased intangible assets, acquisition-related stock-based compensation, impairment of marketable securities, and the related income tax effects

 

 

0.08

Non-GAAP net income per diluted share preliminary results $ 0.30 0.31




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