Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class (the “Class”) of purchasers of QLogic Corporation (“QLogic” or the “Company”) (Nasdaq: QLGC) securities between April 30, 2015 and July 30, 2015, inclusive (the “Class Period”).

If you are a member of the Class described above, you may move the Court no later than 60 days from the date of this notice to serve as lead plaintiff. Please contact Casey Sadler at 888-773-9224 or 310-201-9150, or at shareholders@glancylaw.com to discuss this matter.

The complaint charges QLogic and certain of its officers with violations of the federal securities laws. QLogic designs and supplies server and storage networking infrastructure products that provide, enhance, and manage computer data communication.

Specifically, the Complaint alleges that throughout the Class Period, defendants failed to disclose that: (1) the Company was being adversely impacted by lower than expected demand due to weakness in its enterprise server and storage markets; (2) the Company was being negatively impacted by operational issues including an inventory build-up at a major OEM customer; (3) as such, the Company’s financial results were being negatively impacted; and (4) as a result of the foregoing, the Company’s statements about its business, operations, and prospects lacked a reasonable basis.

On July 30, 2015, QLogic revealed that its financial results had been adversely impacted by “operational issues including an inventory build-up primarily at a major OEM customer.” On this news, the company’s shares fell $2.51 per share, over 22%, to close at $8.87 per share on July 31, 2015.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

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