Global Survey Dispels Myths About the Consumerization of IT in Canada

Global Survey Dispels Myths About the Consumerization of IT in Canada

Study Reveals Unstoppable Shift Globally in the Use of Consumer Technology in the Workplace and Significant IT Investment Being Made to Manage This Trend

TORONTO--(Marketwire - Jan 25, 2012) - Avanade, a business technology solutions and managed services provider, today announced the release of its report, Dispelling Six Myths of Consumerization of IT, based on a survey of more than 600 senior business and IT leaders conducted in 17 countries. The report challenges commonly held beliefs about the consumerization of IT -- including executive perspectives on Millennials as the driving force, employee brand preferences, and hesitance of business leaders to embrace the trend. The report also found an unstoppable shift in the use of consumer technologies in the workplace and significant IT investments being made to manage this trend. Globally, 88 percent of executives and 87 percent in Canada report employees are using their own personal computing technologies for business purposes today.

Much has been made of companies embracing "bring your own device" (BYOD) policies to accommodate younger employees and attract the best new recruits. Yet, according to executive respondents, allowing personal technologies in the workplace is not a strong recruitment or retention tool. Less than one-third (32 percent globally and 34 percent in Canada) of business leaders have changed policies to make their workplace more appealing to younger employees. Even fewer (20 percent globally and 24 percent in Canada) believe allowing personal computing technologies in the enterprise will benefit recruitment and retention efforts.

In fact, when asked about the impact of personal computing technologies on company culture, the majority of executive respondents (58 percent globally and 71 percent in Canada) said the greatest outcome was the ability for their employees to work from anywhere, followed by their employees being more willing to work after hours (42 percent globally and 49 percent in Canada).

"Our research shows more than three quarters of Canadian executives are comfortable with employees bringing their own devices into the workplace and this is a great indicator that business environments and mindsets are changing," said Benoit Bertrand, vice president and chief technology officer at Avanade Canada. "To capitalize on the benefits consumer technologies can bring to the workplace, business leaders should consider extending existing application investments to maximize the new way employees work."

Though media coverage has made iPhones and iPads synonymous with the consumerization of IT, Avanade's survey found that while Apple is certainly a factor in the consumerization of IT, it is far from alone in driving the trend. According to business and IT leaders, the most popular consumer-owned devices being used in the enterprise are Android smartphones, BlackBerry smartphones and Apple laptops.

Another related myth is that these devices are being used to check email and browse social networks. But Avanade's research revealed a major shift in the way employees are using their personal technologies in the enterprise. Employees have evolved beyond straight content consumption -- checking email or Facebook -- and are now increasingly using mission-critical enterprise applications.

When asked which applications and services employees were using, executives cited customer relationship management (45 percent globally and 42 percent in Canada), time and expense tracking applications (44 percent globally and 42 percent in Canada) and enterprise resource planning (38 percent globally and 32 percent in Canada).

Despite perceptions that businesses are hesitant to embrace the consumerization of IT, Avanade's global survey found companies are embracing the change and it is executives at the highest levels in the enterprise leading the charge. Key findings include:

  • An overwhelming majority (88 percent globally and 87 percent in Canada) of respondents report employees are using their personal computing technologies for business purposes today
  • The majority of C-level executives (65 percent globally and 66 percent in Canada) report the consumerization of IT is a top priority in their organization
  • On average, companies are allocating 25 percent (21 percent in Canada) of their overall IT budgets to manage the consumerization of IT
  • The majority of companies (60 percent globally and in Canada) are now adapting their IT infrastructure to accommodate employees' personal technologies

"Progressive CIOs and IT organizations have moved from gatekeepers of consumer technology to enablers of these innovative devices, applications and services to meet employee needs and demands," said Tyson Hartman, Avanade's global chief technology officer. "The consumerization of IT provides companies with an opportunity to transform the role of IT from a function focused on mitigating risk into a strategic enabler that leverages the breadth of today's powerful consumer technologies to drive business results."

Avanade's global survey was conducted by Wakefield Research, an independent research firm, in October to November 2011, and surveyed 605 C-level executives, IT decision makers and business unit leaders at top companies located in 17 countries across North America, Europe, South America and Asia.

To learn more about Dispelling Six Myths of Consumerization of IT, please visit http://www.avanade.com/CoIT.

About Avanade
Avanade provides business technology solutions and managed services that connect insight, innovation and expertise in Microsoft® technologies to help customers realize results. Our people have helped thousands of organizations in all industries improve business agility, employee productivity, and customer loyalty. Avanade combines the collective business, technical and industry expertise of its worldwide network of experts with the rigor of an industrialized delivery model to provide high-quality solutions using proven and emerging technologies with flexible deployment models -- on premises, cloud-based or outsourced. Avanade, which is majority-owned by Accenture, was founded in 2000 by Accenture LLP and Microsoft Corporation and has approximately 15,000 professionals in more than 20 countries. Additional information can be found at www.avanade.com.

Avanade and the Avanade logo are registered trademarks or trademarks of Avanade Inc. Other product, service, or company names mentioned herein are the trademarks or registered trademarks of their respective owners.


 

67 Percent Fear That Malware Is on the Rise and 61 Percent Feel User Error Is the Biggest Threat on the Internet

67 Percent Fear That Malware Is on the Rise and 61 Percent Feel User Error Is the Biggest Threat on the Internet

Sophos Reveals Assessment on Threat Landscape in Security Threat Report 2012

BOSTON, MA--(Marketwire - Jan 25, 2012) - IT security and data protection company Sophos today unveiled its latest Security Threat Report 2012, a detailed assessment of the threat landscape -- from hacktivism and online threats to mobile malware, cloud computing and social network security, as well as IT security trends for this coming year. The full, ungated report is available for download from the Sophos website. Click here to access.

A Sophos poll, conducted online at the end of 2011, surveyed more than 4,300 global respondents about today's biggest threats on the internet. Key findings from the research include:

  • 61 percent feel that the biggest threat on the internet is users not doing enough to protect themselves
  • Nearly 20 percent believe social networking scams are the top threat
  • 67 percent think that malware is on the rise compared to in 2010

Year in Review: Under Attack
2011 was characterized by a rise in cybercrime. The availability of commercial tools designed by and for cybercriminals made mass generation of new malicious code campaigns and exploits trivial and scalable. The net result was significant growth in the volume of malware and infections. Cybercriminals also diversified their targets to include new platforms, as business use of mobile devices accelerated. Politically motivated "hacktivist" groups took the media spotlight, even as the more common threats to cyber security grew.

Hype over Hacktivism
In 2011, the emergence of LulzSec and Anonymous marked a shift from hacking for financial gain to hacking as a form of protest. Hacktivists sowed chaos by leaking documents and attacking websites of high-profile organizations and even defense contractors. LulzSec dominated headlines in the first half of the year with attacks on Sony, PBS, the U.S. Senate, the CIA, FBI affiliate InfraGard and others, and then disbanded after 50 days.

Risky Business
Increasingly, corporate users weren't just at home or at work, but somewhere else on the "everywhere network." And the consumerization of IT, sometimes called "bring your own device" or BYOD, became one of the newer causes of data vulnerability. Employees accessed sensitive corporate information from their home computers, smartphones and tablets. Moreover, corporate-issued mobile devices increased risk, as did the rise of cloud services and the use of social media.

According to the Sophos online poll, which asked users if their company allows personal laptops, desktops or phones for work, nearly 50 percent of respondents said yes. Another 10 percent who said their company doesn't allow personal devices for work preferred they did.

Changing Web Threats and Drive-by Downloads
Cybercriminals constantly launched attacks designed to penetrate digital defenses and steal sensitive data. Almost no online portal proved immune from threat or harm. SophosLabs identifies an average of 30,000 newly-infected web pages each day. More than 80 percent of these web pages are on innocent web servers, which have been hacked by cybercriminals to make them part of the problem.

Additionally, 85 percent of all malware, including viruses, worms, spyware, adware and Trojans, comes from the web, according to the Ponemon Institute. Today, drive-by downloads have become the top web threat, and in 2011, one crimeware kit, known as "Blackhole," rose to the number one on that list.

In the Sophos online poll, users were asked about the prevalence of malware compared to 2010; 67 percent of respondents felt it was on the rise.

OS Oh My! And the Emergence of Mac Malware
Microsoft Windows may be the most attacked operating system (OS), but the primary vectors for hacking Windows have been through PDF or Flash. Despite Microsoft's regular updates to patch Windows OS vulnerabilities, the content delivery systems remained the largest vulnerability on any OS. In 2011, the emergence of malware for the Mac upstaged Windows malware. There's no doubt that the Windows malware problem is much larger than the Mac threat, but the events of 2011 show Mac users that the malware threat is genuine.

Top Trends
There are many factors that will impact the IT security landscape this year and into the future. These include new attacks using social media platforms and integrated apps, more targeted attacks on non-Windows platforms, and mobile payment technologies under threat, among others which are highlighted within the report.

"As cybercriminals expand their focus, organizations are challenged to keep their security capabilities from backsliding as they adopt new technologies," said Mark Harris, vice president of SophosLabs, Sophos. "And as we continue to access information in different ways, from different devices in different locations, security tools must be able to 'protect everywhere' -- from desktops to mobile and smart devices and the cloud. But more importantly and oft-disregarded, cybercriminals will continue to stalk the easiest prey -- security basics like patching and password management will remain a significant challenge."

The full Security Threat Report 2012 contains more information and statistics on cybercrime in 2011, as well as top tips and predictions for emerging trends. The report can be viewed at: www.sophos.com/threatreport2012.

About Sophos
More than 100 million users in 150 countries rely on Sophos as the best protection against complex threats and data loss. Sophos is committed to providing security and data protection solutions that are simple to manage, deploy and use and that deliver the industry's lowest total cost of ownership. Sophos offers award-winning encryption, endpoint security, web, email, mobile and network security solutions backed by SophosLabs -- a global network of threat intelligence centers. With more than two decades of experience, Sophos is regarded as a leader in security and data protection by top analyst firms and has received many industry awards.

Sophos is headquartered in Boston, US and Oxford, UK. More information is available at www.sophos.com.

Gartner Says Apple Became the Top Semiconductor Customer in 2011

Gartner Says Apple Became the Top Semiconductor Customer in 2011

Top 10 Original Equipment Manufacturers Represented $105.6 Billion of Semiconductor Demand, Accounting for 35 Percent of Total Semiconductor Chip Revenue in 2011

STAMFORD, Conn., January 24, 2012—


                Leading electronic equipment manufacturers remained the center of the semiconductor world in 2011, accounting for $105.6 billion of semiconductors on a design total available market (TAM) basis — 35 percent of semiconductor vendors' worldwide chip revenue, according to Gartner, Inc. This represented a year-over-year increase of $1.8 billion, or 1.8 percent from 2010.

Design TAM represents the total silicon content in all products designed by a certain electronic equipment manufacturer or in a certain region, while purchasing TAM represents the total silicon content purchased directly by a certain electronic equipment manufacturer or in a certain region. Design TAM is a useful index for semiconductor vendors when they are considering how to allocate their sales or field application engineer resources by customer or region. Purchasing TAM is a useful index for semiconductor vendors when they are considering how to establish an efficient distribution network by customer or region.

"The major growth drivers in 2011 were smartphones, media tablets and solid-state drives (SSDs)," said Masatsune Yamaji, principal research analyst at Gartner. "Those companies that gained share in the smartphone market, such as Apple, Samsung Electronics and HTC, increased their semiconductor demand, while those who lost market share in this segment, such as Nokia and LG Electronics, decreased their semiconductor demand. Media tablets were also a growth driver for the semiconductor market throughout 2011."

"Given the rapidly changing competitive structure of the IT and electronics industry, no semiconductor device vendor can afford just to monitor the requirements of the current market leaders," Mr. Yamaji said. "Vendors need to be constantly looking for new market entrants who will, in turn, be tomorrow's market leaders."

Within the top 10 rankings, three companies were from the Americas, three from Asia/Pacific, three from Japan and one from Europe, the Middle East and Africa (EMEA). Apple led the market in 2011 (see Table 1), achieving significant growth, as it has done for the past five years. As a result, Apple became the biggest customer of semiconductor chip vendors in 2011, climbing two places in the ranking, from third in 2010.

Apple gained a much greater share of the smartphone market, and its media tablet business was also highly successful in 2011. While DRAM prices fell drastically in 2011, and many PC vendors decreased their total semiconductor demand accordingly, the success of the MacBook Air enabled Apple to increase semiconductor chip demand even in its PC business.

Table 1
Top 10 Semiconductor Design TAM by Company, Worldwide 2011, Preliminary (Millions of Dollars)

Rank

2010

Rank

2011

Company

2010

2011

Growth (%)

Share (%)

3

1

Apple

12,819

17,257

34.6

5.7

2

2

Samsung Electronics

15,272

16,681

9.2

5.5

1

3

HP

17,585

16,618

-5.5

5.5

5

4

Dell

10,497

9,792

-6.7

3.2

4

5

Nokia*

11,318

9,042

-20.1

3.0

6

6

Sony*

9,020

8,210

-9.0

2.7

7

7

Toshiba

7,768 

7,589

-2.3

2.5

10

8

Lenovo

6,091

7,537

23.7

2.5

8

9

LG Electronics

6,738 

6,645

-1.4

2.2

9

10

Panasonic

6,704

6,267

-6.5

2.1

 

 

Others

195,552

196,413

0.4

65.0

 

 

Total

299,364

302,051

0.9

100.0

TAM = total available market
Source: Gartner (January 2012)

Mr. Yamaji said that as more brand-name companies are increasing their production outsourcing to original design manufacturers (ODMs) and electronics manufacturing services (EMS) providers, semiconductor procurement by ODMs and EMS providers has increased year over year. Currently, three of the top 10 purchasing TAM companies are so-called contract manufacturers.

"Semiconductor chip vendors must pay attention not just to the design TAM and purchasing TAM by company, but also by region," said Mr. Yamaji. "This is the key to avoiding inappropriate sales resource allocation. They must keep an eye on design-win opportunities in the U.S., while also establishing a strong distribution network in China."

*Note to Editors on Nokia and Sony
In the ranking table, two joint ventures are included as stand-alone firms, as they are independent buying centers: Sony Ericsson and Nokia Siemens Networks. They are still considered independent companies in this report. This means Nokia does not include the TAM of Nokia Siemens Networks, and Sony does not include the TAM of Sony Ericsson.

Additional information is available in the report "Market Insight: Apple Led OEM, ODM and EMS Semiconductor Demand in 2011." The report is available on the Gartner website at http://www.gartner.com/resId=1517414.

 

Contacts:

Christy Pettey
Gartner
+1 408 468 8312
christy.pettey@gartner.com

Laurence Goasduff
Gartner
+ 44 1784 267 195
laurence.goasduff@gartner.com


About Gartner:
Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is a valuable partner to 60,000 clients in 11,500 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 4,500 associates, including 1,250 research analysts and consultants, and clients in 85 countries. For more information, visit www.gartner.com.

Financial Services Organizations Continue to Select TITUS for Data Protection

 

Financial Services Organizations Continue to Select TITUS for Data Protection

Splitska Banka d.d of Croatia selects TITUS email and document classification for data loss prevention

 

Ottawa, ON January 24, 2012 TITUS, a leading provider of security and compliance solutions for email and documents, today announced it has been selected by Splitska Banka d.d.  to help classify and protect their corporate email and documents.  Splitska Banka d.d., a member of Société Générale Group, will be using TITUS Message Classification and TITUS Classification for Microsoft Office to protect their corporate data.

 

Data protection is a key priority for organizations across multiple industries, and of particular importance within the financial services industry. When sensitive information gets into the wrong hands, the costs can be severe: fines, lawsuits, embarrassing headlines, loss of intellectual property, even risk to public safety. Information, whether inadvertently or intentionally leaked, could have a significant impact on business.

 

“We required a solution that would allow us to easily and effectively protect our corporate data,” explained Davor Matošić, CISO at Splitska Banka. “We chose the TITUS solutions as they are easy to deploy and use, and will seamlessly integrate with our Microsoft Outlook and Microsoft Office environment. This will simplify the process of deploying the software and getting our users up and running quickly.”

 

Croatia is the latest market in which TITUS classification solutions are being utilized by organizations in the financial services industry to protect their corporate data. Financial services organizations in several other international markets including the United States, Germany, and Canada are already using TITUS solutions.

 

TITUS Message Classification is an easy-to-use email security solution that ensures every Microsoft Outlook email is classified and protectively marked before it is sent. Driven by the end user, TITUS classification software prevents data loss, promotes security awareness and accountability, and allows your organization to comply with regulations.

 

TITUS Classification for Microsoft Office enables employees to securely share Microsoft Word, Excel and PowerPoint files while ensuring they are classified and protectively marked. Organizations can reduce DLP false positives via classification of their documents.  

 

About TITUS
TITUS is the leading provider of security and compliance software that helps organizations share information securely while meeting policy and compliance requirements. Our solutions enable military, government, and large enterprises to classify information and meet regulatory compliance by visually alerting end users to the sensitivity of information. Products include TITUS Classification, the leading message, document and file classification and labeling solutions that enhance data loss prevention by involving end users in identifying sensitive information; and the TITUS family of classification and security solutions for Microsoft SharePoint. TITUS solutions are deployed to over 1.5 million users within our over 300 military, government and enterprise customers worldwide, including Dow Corning, United States Air Force, NATO, G4S, Paternoster, Pratt and Whitney, Canadian Department of National Defence, Australian Department of Defence, and the U.S. Department of Veterans Affairs. For more information, visit www.titus.com and the TITUS Data Security and Compliance blog.

 

Semtech Announces Plans to Acquire (Canada's) Gennum Corporation

Semtech Announces Plans to Acquire Gennum Corporation


  • Semtech to acquire leading data communications company
  • Adds market leadership in complementary and adjacent markets
  • Significantly expands SAM and diversifies analog and mixed-signal portfolio
  • Gennum shareholders to receive CDN$13.55 per common share
  • Conference call to discuss the transaction scheduled for Tuesday, January 24, 2012

CAMARILLO, Calif. & BURLINGTON, Ontario--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, and Gennum Corporation (TSX:GND), a leading supplier of high speed analog and mixed-signal semiconductors for the optical communications and video broadcast markets, today announced they have entered into a definitive arrangement agreement ("Arrangement Agreement") for Semtech to acquire all of the outstanding shares of Gennum for a total consideration of approximately CDN$500 million (approximately US$494 million based on the exchange rate on January 20, 2012 of CDN$0.9868 to US $1.00).

Semtech management believes the acquisition of Gennum will extend Semtech's leading portfolio of infrastructure products to the metro, access and enterprise computing markets and will enable Semtech to provide its customers with more platforms to differentiate their own high-speed voice, video and data transmission products. The combination will enable Semtech to deliver a broader range of best-in-class solutions aimed at helping its customers create differentiated communication equipment to solve increasing bandwidth bottlenecks in the network.

Gennum designs and sells products that enable video, data and multimedia content to be transmitted at high speed over long distances, while maintaining signal integrity and eliminating the potential for errors in transmission. Its products are used in broadcast, networking, storage, telecommunications and consumer connectivity equipment. Gennum is positioned to benefit from the growth in worldwide demand for bandwidth and is a market leader in broadcast video, high—speed optical communications, high definition video surveillance, Thunderbolt active cable transceivers and backplane signal integrity.

Gennum was founded in 1973 and is headquartered in Burlington, Ontario, Canada. Gennum has approximately 450 employees, including more than 240 engineers, and has offices in Canada, Germany, India, Japan, Mexico, Taiwan, the United Kingdom and the United States.

"We are very excited with the acquisition of Gennum Corporation," stated Mohan Maheswaran, President and Chief Executive Officer of Semtech. "We believe Gennum's unique signal integrity solutions and highly differentiated 1 Gbps to 25 Gbps optical products combined with Semtech's leading 40 Gbps and 100 Gbps SerDes portfolio will deliver one of the industry's most complete and robust portfolios to the communications infrastructure, data communications and enterprise computing segments. Additionally, Gennum's strong position in video broadcast and the emerging HD video surveillance market broadens and further diversifies Semtech's portfolio of high-performance analog semiconductors targeted at fast growing markets."

"We are delighted to join Semtech Corporation, a company with a rich history of great engineering innovation and a strong position in several attractive high-growth markets. After a comprehensive review of Gennum's strategic options, we are convinced that this is the best avenue to unlock the underlying value for shareholders that has been created by the Gennum team," said Franz J. Fink, President and Chief Executive Officer of Gennum. "Our employees have been instrumental in building Gennum and will remain a critical component of the combined company as we move forward in the next chapter of our development. Together, Gennum and Semtech will form a stronger company, capable of accelerating growth beyond what would have been possible as separate entities."

Semtech expects to finance the acquisition through a combination of cash on hand and new bank financing. The company has received a financing commitment of up to US$400 million from Jefferies Finance LLC. The proposed transaction is not subject to a financing condition.

Semtech estimates that the acquisition will result in at least $15 million in annual synergies, which Semtech expects will be achieved in full in Semtech's fiscal year 2014. Semtech's management expects that the acquisition will be accretive to non-GAAP earnings per share by more than 20 cents in fiscal year 2013 and more than 40 cents in fiscal year 2014. Semtech will provide further guidance upon the closing of the transaction.

Additional Transaction Details

Under the terms of the Arrangement Agreement, upon closing of the proposed transaction, shareholders of Gennum ("Gennum Shareholders") will receive CDN$13.55 in cash for each common share of Gennum held. The proposed transaction will be completed through a plan of arrangement under the provisions of the Ontario Business Corporations Act.

The transaction has been reviewed by a Special Committee of the Board of Directors of Gennum and has been unanimously approved by the Board of Directors of Gennum following the unanimous recommendation of the Special Committee. The Board of Directors of Gennum has also unanimously determined that the transaction is fair to its shareholders, that it is in the best interests of Gennum to support the transaction and recommends that the shareholders of Gennum vote in favor of the transaction. The Special Committee and the Board of Directors have received an opinion from Canaccord Genuity Corp. that as of the date of the opinion and subject to the assumptions outlined therein, the consideration payable to Gennum shareholders under the transaction is fair, from a financial point of view.

The Arrangement Agreement contains, among other things, a CDN$19.35 million termination fee payable by Gennum in certain circumstances. Semtech has also been granted a right to match competing proposals.

The transaction will require the approval of at least 66⅔% of votes cast by Gennum Shareholders represented in person or by proxy at a special meeting of Gennum Shareholders (the "Gennum Meeting"), expected to be held in mid-March 2012. In addition to Gennum Shareholders' approval, the transaction is subject to the satisfaction of certain other closing conditions customary in a transaction of this nature, including the approval of the Ontario Superior Court of Justice, in accordance with Ontario law. The transaction is not subject to the receipt of any regulatory approvals, other than the Ontario Superior Court of Justice approval required to effect an arrangement under Ontario law. The approval of shareholders of Semtech is not required in connection with the proposed transaction.

Gennum anticipates declaring its regular quarterly dividend, prior to the closing date, subject to the discretion of the Board of Directors of Gennum and legal requirements.

Further information regarding the transaction will be contained in an information circular ("Information Circular") that Gennum will prepare and mail to its shareholders in connection with the Gennum Meeting, with closing expected to occur as soon as practicable after the Gennum Meeting and receipt of final order from the Ontario Superior Court of Justice. Gennum Shareholders are urged to read the Information Circular once it becomes available, as it will contain important information concerning the proposed transaction.

In connection with the proposed transaction, Jefferies & Company, Inc. is acting as exclusive financial advisor to Semtech, Norton Rose Canada LLP is its Canadian legal counsel and O'Melveny & Myers, LLP is its U.S. legal counsel. Canaccord Genuity Corp. is acting as exclusive financial advisor to Gennum, Blake, Cassels & Graydon LLP is its Canadian legal counsel and Skadden, Arps, Slate, Meagher & Flom LLP is its U.S. legal counsel.

Documentation related to this transaction will be available for viewing or downloading at www.sec.gov and www.sedar.com. Full details of the arrangement and certain other matters will be included in the Information Circular which will be filed with the regulatory authorities and mailed to Gennum Shareholders in accordance with applicable securities laws. Shareholders may obtain a copy of the Arrangement Agreement, Information Circular, and other meeting materials when they become available at www.sedar.com.

This press release is for informational purposes only. It does not constitute an offer to purchase shares of Gennum or a solicitation or recommendation statement under the rules and regulations of the United States Securities and Exchange Commission or other applicable laws.

Conference Call

Mohan Maheswaran, Semtech's President and Chief Executive Officer and Emeka Chukwu, Semtech's Senior Vice President and Chief Financial Officer, will host a brief conference call at 6:00 am Pacific Time on Tuesday, January 24, 2012, solely to discuss details of the proposed transaction. The dial-in for the live call is (866) 463-4084, conference ID #45913168. The call will also be webcast and accessible via the investor relations section of Semtech's corporate website at www.semtech.com. Semtech will publish a special investor summary regarding this announcement on the investor relations section of its website. A replay of the call will be available beginning approximately one hour after the conclusion of the live call by dialing (855) 859-2056 or (404) 537-3406, and entering conference ID #45913168 or accessing the webcast replay via Semtech's website.

Non-GAAP Financial Measures

This release includes non-GAAP presentations of projected earnings per share for fiscal years 2013 and 2014. These non-GAAP measures are provided to enhance the user's overall understanding of the potential impact that acquiring Gennum may have on Semtech's performance.

As used in this press release, Semtech defines non-GAAP earnings per share as earnings per share exclusive of acquisition-related expenses, restructuring charges and amortization of intangibles that it expects to incur in connection with the transaction and following the closing of the transaction and stock based compensation expense. Semtech's definition of non-GAAP earnings per share is not necessarily comparable to similarly titled measures of other companies.

Non-GAAP earnings measures are commonly used by financial analysts in evaluating potential acquisition targets because certain variables used in calculating GAAP earnings per share cannot be accurately estimated on a forward-looking basis. These variables include amortization of intangibles incurred in connection with the transaction and following the closing of the transaction. Because these items will not be known to Semtech until on or after the closing of the transaction, Semtech is unable to provide information about the most directly comparable GAAP financial measure. The impact of these excluded items will cause the non-GAAP financial measure to differ materially from the comparable GAAP financial measure.

While Semtech uses non-GAAP earnings per share in assessing acquisitions and believes that these measures are useful to management and investors for the reasons described above, these non-GAAP financial measures have certain shortcomings, including but not limited to the risk and uncertainties outlined in the Forward Looking and Cautionary Statements section of this press release.

Forward-Looking and Cautionary Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under Canadian securities laws. Forward-looking statements are statements other than historical information or statements of current condition and relate to matters such as future financial performance, future operational performance, the anticipated impact of specific items on future earnings, and Semtech's and Gennum's plans, objectives and expectations, including but not limited to Semtech's plans, objectives and expectations with respect to Gennum and its business, statements regarding the timing of the Gennum Meeting and the closing of the proposed transaction, the expected method of financing the proposed transaction, the anticipated impact of the proposed transaction, and the anticipated declaration of a dividend by Gennum. These forward-looking statements are identified by the use of such terms and phrases as "intends," "goal," "estimate," "expect," "project," "plans," "anticipates," "should," "will," "designed to," "believe," and other similar expressions which generally identify forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results and events to differ materially from those projected. Important factors that could cause actual results to differ materially include, but are not limited to: the actual closing of the proposed transaction; the satisfaction or non-satisfaction as applicable of one or more conditions to the closing of the proposed transaction; delay of, or inability to receive Gennum Shareholders' approval or approval of the Ontario Superior Court of Justice; the success of near and longer term integration efforts between the combined companies; unexpected acquisition-related costs and expenses, competitive changes in the market place applicable to the products of Gennum, including, but not limited to the pace of growth or adoption rates of applicable products or technologies, shifts in focus among target customers, and other comparable changes in projected or anticipated markets; the depth, extent and duration of current and anticipated worldwide economic uncertainty, at both a macro level, and as it impacts both Semtech's and Gennum's historical products, industry, and market sector, as well as those of Gennum's following closing of the proposed transaction, and Semtech's ability to forecast and achieve anticipated earnings in light of continuing economic uncertainty, including estimates applicable to Gennum, as well as resulting from the integration of Gennum's financial performance and results into Semtech's full financial results. Additionally, forward-looking statements should be considered in conjunction with the cautionary statements contained in the "Risk Factors" section and elsewhere in Semtech's Annual Report on Form 10-K for the fiscal year ended January 30, 2011, in Semtech's other filings with the SEC, and in material incorporated therein by reference and those contained in the "Risks and Uncertainties" section in Gennum's 2010 management's discussion and analysis and the "Risk Factors" section in Gennum's most recent annual information form, each as filed on SEDAR at www.sedar.com.

With respect to the forward-looking statements and information concerning the anticipated impact and completion of the proposed transaction and the anticipated timing for completion of the proposed transaction, Semtech and Gennum have provided such statements and information in reliance on certain assumptions that they believe are reasonable at this time, including assumptions as to the time required to prepare and mail securityholder meeting materials to Gennum Shareholders, the ability of the parties to receive, in a timely manner, the necessary Ontario Superior Court of Justice and Gennum Shareholders' approval, and the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the proposed transaction. Readers are cautioned that the foregoing list of important factors and assumptions is not exhaustive. Forward-looking statements are not guarantees of future performance. In light of the significant uncertainties inherent in the forward-looking information included herein, any such forward-looking information should not be regarded as representations by either Semtech or Gennum that its respective objectives or plans will be achieved or that any of its respective operating expectations or financial forecasts will be realized. Investors are cautioned not to place undue reliance on any forward-looking information contained herein. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. In addition, these forward-looking statements relate to the date on which they are made. Semtech and Gennum each disclaim any intention or obligation to update or revise any forward-looking statements or the foregoing list of factors, whether as a result of new information, future events or otherwise, except to the extent required by law.

About Semtech

Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community. Semtech is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit http://www.semtech.com.

About Gennum

Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores designed to be the world's most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging Gennum's proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. Recognized as an award winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Mexico, Japan, Germany, United States, Taiwan, India and the United Kingdom. For more information, visit http://www.gennum.com

Semtech and the Semtech logo are marks of Semtech Corporation. Gennum and the Gennum logo are marks of Gennum Corporation

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50142585&lang=en

Semtech Corporation
Linda Brewton
Sr. Manager Investor Relations
805-480-2004
webir@semtech.com
or
Gennum Corporation
Greg Miller
Sr. Vice President of Finance and Administration
and Chief Financial Officer
905-632-2996
corporate@gennum.com

Source: Semtech Corporation

Intel and Google to Optimize Android Platform for Intel(R) Architecture

Intel and Google to Optimize Android Platform for Intel® Architecture

Santa Clara and Mountain View, Calif., Sept. 13, 2011 – Intel Corporation and Google Inc. today announced that they will work to enable and optimize future versions of Android™ for Intel's family of low power Atom™ processors. This means that future versions of the Android platform will support Intel technology in addition to other architectures.


The joint effort is designed to speed time-to-market of Intel technology-based smartphones running the Android platform. Intel will take advantage of the open-source accessibility of the Android platform to provide its customers with technology products that inspire continued innovation and also help enable powerful personal computing experiences that fully leverage Intel technology across a range of devices. This work will enable mobile device OEMs and wireless operators to draw upon the performance and low power capabilities of Intel® architecture and tap into the scale of the x86 developer ecosystem to further drive the adoption of the Android platform.

"By optimizing the Android platform for Intel architecture, we bring a powerful new capability to market that will accelerate more industry adoption and choice, and bring exciting new products to market that harness the combined potential of Intel technology and the Android platform," said Intel President and CEO Paul Otellini."Together we are accelerating Intel architecture and bringing new levels of innovation to a maturing Android platform."

"Combining Android with Intel's low power smartphone roadmap opens up more opportunity for innovation and choice," said Andy Rubin, Senior Vice President of Mobile at Google. "This collaboration will drive the Android ecosystem forward."

Today's announcement builds upon the two companies' recent joint initiatives to enable Intel architecture on Google products, which include Chrome OS and Google TV along with the Android Software Development Kit (SDK) and Native Development Kit (NDK).

About Google Inc.
Google’s innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top Web property in all major global markets. Google’s targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall Web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, visit www.google.com.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Philips simplifies healthcare for care providers and patients

Philips simplifies healthcare for care providers and patients

January 23, 2012

Dubai, U.A.E. - At Arab Health 2012 Royal Philips Electronics (NYSE: PHG, AEX: PHI) is showcasing a wide range of its healthcare solutions and integrated concepts, designed to directly address the needs of healthcare providers in caring for their patients.

 

“Patients deserve the best possible care, but they also deserve the best possible experience”, says Diederik Zeven – General Manager of Philips Healthcare Middle East & Turkey. “At Philips, we simplify healthcare by combining our unique clinical expertise with insights into how patients and clinicians experience healthcare. In response, we develop more intuitive, and in the end better technology solutions to help take some of the complexity out of healthcare, and reduce the burden. This helps to drive better diagnosis, more appropriate treatment planning, faster patient recovery and long term health”, he adds.

 

During the show, Philips will be highlighting technologies that focus specifically on the patient, in addition to advanced networking tools that facilitate greater collaboration between radiologists and referring physicians.

 

Clinical collaboration to drive innovation and efficiency in radiology

The Imaging 2.0 concept is poised to address a dilemma that exists in healthcare today: more consumers are demanding quality healthcare, yet there is less money to treat them. Based on feedback from clinicians, Philips’ approach to this dilemma is to enable enhanced and smarter collaboration through advanced technology with the intention of better patient outcomes and lower costs for the healthcare system.

 

The driving force is to create a healing environment in which multiple modalities integrate caregivers into a consolidated workflow. This integration leads to less cost and greater efficiency. It marks a new world of collaboration, which can be seen in hybrid labs, combining modalities such as x-ray, ultrasound, PET and MR.

 

Women’s Health

No two women are alike, and neither are their cancers. Philips understands that breast cancer is a different experience for every woman it touches. Studies and guidelines suggest a multimodality approach for comprehensive screening, diagnosis and management. Philips offers a complete solution including mammography, ultrasound, MRI, and PET/CT supported by leading-edge information management.

 

For more than forty years, mammography has been the most common screening tool used for the early detection of breast cancer. Philips is showcasing the next generation of digital mammography - MicroDose Mammography. According to clinical reports, Philips MicroDose uses a substantially lower average X-ray dose than other full-field digital mammography systems. 1, 2; In fact, it allows for a reduction in radiation dose by up to 50%.

 

Innovation in Emergency Care

Sudden Cardiac Arrest (SCA) is one of the leading causes of death worldwide.3 Without immediate treatment, the majority of SCA victims will die, with the chances of survival reducing by up to 12% with every minute that passes.4, 5 Defibrillation is recognized as the only definitive treatment for the abnormal heart rhythm, which is most often associated with SCA.

 

During the show, Philips is demonstrating their continued commitment to innovation in this area with the introduction of the HeartStart FR3 in this region, raising the bar for Automated External Defibrillators (AEDs) by addressing the evolving needs of professional responders, so they can respond to patients swiftly and with confidence. Recognizing that time-to-therapy matters, the Defibrillator is designed to help professional responders make lifesaving faster, easier, and better.

 

From pregnancy to labor, hospital to home

Maternal and neonatal health care faces longstanding challenges. Neonatal mortality comprises nearly 60% of infant deaths, and nearly 40% of deaths in children under-five years of age.  Philips recognizes the profound importance of caring for new mothers and babies, and is dedicated to keeping them healthy.

 

From the obstetrician's office to the hospital to the home, Philips Mother & Child Care provides simple, reliable health care solutions for parents and clinicians.

 

All Philips Healthcare New Product Introductions at Arab Health 2012 can be found at www.philips.com/arabhealth, or also viewed at the show by visiting Sheikh Saeed Hall 2 booth S2C10, at the Dubai International Exhibition and Convention Centre.

 


1 Baldelli P, et al. Comprehensive Dose Survey of Breast Screening In Ireland. Radiation Protection Dosimetry (2010) 145(1): 52-60. 
2 Oduko JM, Young KC, Burch A: A Survey of Patient Doses from Digital Mammography Systems in the UK in 2007 to 2009. Digital Mammogr IWDM (2010):365-370.
3 WHO,
 http://www.who.int/mediacentre/factsheets/fs310/en/index2.html
4 Valenzuela TD, Roe DJ, Cretin S, Spaite DW, Larsen MP. Estimating effectiveness of cardiac arrest interventions: a logistic regression survival model. Circulation 1997; 96:3308–13
5 Waalewijn RA, de Vos R, Tijssen JG, Koster RW. Survival models for out-of hospital cardiopulmonary resuscitation from the perspectives of the bystander, the first responder, and the paramedic. Resuscitation 2001; 51:113–22

 


For further information, please contact:

Natali Fahmi
Corporate Communications
Philips Middle East
Tel: +97155 2008304
E-mail: natali.fahmi@philips.com


About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity.” Headquartered in the Netherlands, Philips employs over 120,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Smart Grid Implementation Rises 25 Percent in the Past Year, According to Utilities Industry Survey

Smart Grid Implementation Rises 25 Percent in the Past Year, According to Utilities Industry Survey
Third annual survey uncovers critical need for business intelligence solutions that manage massive amounts of data for business insight.

SAN ANTONIO — Jan. 24, 2012 — The Microsoft/OSIsoft Worldwide Utility Industry Survey 2012, released today at the DistribuTECH Conference & Exhibition, shows a 25 percent increase over last year in the number of utilities companies that have implemented smart-grid technology. The survey also shows that 28 percent of companies surveyed are in the planning phase, but 24 percent still have not started adopting any smart-grid technology. However, 63 percent of participants expect their budgets for these technologies to increase over the next two or three years.

The survey, which was a collaboration between Microsoft Corp. and OSIsoft LLC, polled 216 professionals within electric, gas and water utility industries around the world and highlights the challenges utilities face as they move from planning to actual smart-grid implementation. Nearly 20 percent of those surveyed said technical issues kept them from moving forward, which was a larger group than in last year’s survey.

“This year’s survey shows that more and more utilities companies are adding new devices to the grid and incorporating new data sets into their operational capabilities,” said Jon C. Arnold, managing director for the Worldwide Power and Utilities Industry at Microsoft and a member of the Smart Grid Advisory Committee to the National Institute of Standards and Technology. “However, many of these same organizations are encountering significant interoperability and integration challenges. Leveraging technology and architectures that are adaptable removes many of the technology risks. Fortunately, the Microsoft Smart Energy Reference Architecture (SERA) provides an infrastructure that protects current technology investments while enabling the implementation of forward-thinking smart-grid solutions.”

The survey indicated that 72 percent of respondents do not have an enterprisewide scalable architecture in place to support current and future smart-grid deployments. SERA provides a detailed framework for existing technologies that will enable bidirectional power and information flows around the grid, with particular attention to standards, interoperability and reduced costs. SERA also provides the first conceptual framework for adding cloud services to the development of the smart-energy ecosystem.

Business Intelligence Helps Realize Vision of Smart Grid

Smart-grid technologies provide access to large amounts of smart data, which can inundate organizational systems. When asked how they are addressing the big data challenge to the smart grid, nearly one quarter of surveyed companies referenced the importance of business intelligence solutions. Business intelligence tools and systems are critical to managing and analyzing large amounts of data, which in turn enables companies to make smarter and more proactive business decisions based on actionable information.

OSIsoft’s PI System, an enterprise infrastructure designed for Microsoft SharePoint 2010, Microsoft SQL Server, Power View, PowerPivot, Microsoft Lync and Microsoft Office 2010, offers a familiar and easy-to-use interface that allows users to access and manipulate real-time data and events for enhanced business insight. The PI System can absorb massive amounts of streaming data and events, analyze it, and help the end user put it into context and use it.

“The PI System supports utilities organizations in efficient, reliable and safe smart-grid implementation,” said Jon Peterson, vice president of Marketing at OSIsoft. “Our products and services help utilities transform their transmission networks into robust, two-way communications grids that provide real-time visibility into electricity and water usage from their customers to the control center. Utilities can make informed decisions that increase efficiencies and lower costs.”

More information about Microsoft Power and Utilities is available at http://www.microsoft.com/utilities, as well as on the Microsoft Power and Utilities blog at http://blogs.msdn.com/mspowerutilities. More information about OSIsoft and Microsoft strategic collaboration can be found at http://www.osisoft.com/Microsoft.

About OSIsoft

OSIsoft (www.osisoft.com) delivers the PI System, the industry standard in enterprise infrastructure, for management of real-time data and events. With installations in 110 countries spanning the globe, the OSIsoft PI System is used in manufacturing, energy, utilities, life sciences, datacenters, facilities, and the process industries. This global installed base relies upon the OSIsoft PI System to safeguard data and deliver enterprise-wide visibility into operational, manufacturing and business data. The PI System enables users to manage assets, mitigate risks, comply with regulations, improve processes, drive innovation, make business decisions in real time, and to identify competitive business and market opportunities.

Founded in 1980, OSIsoft, LLC is headquartered in San Leandro, CA, with operations worldwide and is privately held. Learn more about OSIsoft and the PI System at www.osisoft.com.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/news/contactpr.mspx.

Oracle Announces Oracle Utilities Meter Data Analytics

Oracle Announces Oracle Utilities Meter Data Analytics

Pre-Built Dashboards Deliver 69 Out-of-the-box, Graphical Answers to Utilities’ Most Pressing Metering Data Issues

DistribuTECH, San Antonio, Tex. – Jan. 24, 2012

News Facts

Building upon Oracle's smart grid capabilities, Oracle Utilities Meter Data Analytics– another in a growing family of analytics products – identifies multiple ways utilities can improve meter data system performance and maximize the business value of consumption data.
As utilities continue to roll out smart grid and smart meter programs, they need solutions like Oracle Utilities Meter Data Analytics to help them turn the resulting influx of huge data volumes into intelligent business processes. Better business processes help utilities operate more efficiently and improve customer satisfaction.
The solution includes eight pre-built dashboards that analyze consumption trends, gauge the performance of head-end systems and service providers, track unreported usage, alert staff to revenue protection events, and track meter installation efforts. Utilities can also use the solution to improve business processes like targeting customer segments for specific energy efficiency and demand management programs or decreasing losses from unbilled energy.
Oracle Utilities Meter Data Analytics permits staff to drill down into details behind the graphics. The solution also makes it easy for staff to examine specific instances and events contributing to trends by drilling back into the underlying applications—Oracle Utilities Meter Data Management and Oracle Utilities Customer Care and Billing.
Oracle Utilities Meter Data Analytics is built on the industry-leading Oracle Business Intelligence Enterprise Edition (OBIEE) platform. The product is part of the Oracle Utilities Business Intelligence family of products.

Supporting Quote

“Far too many so-called business intelligence products today provide little more than an additional analytic engine or reporting framework requiring months of consulting time to implement and extensive staff time and training to use and maintain. Oracle Utilities Meter Data Analytics is a major step beyond those costly halfway measures. It answers utilities’ most pressing metering questions at the click of a mouse. While others deliver ‘tools’ and ‘foundations,’ we deliver out-of-the-box results,” said Rodger Smith, senior vice president and general manager, Oracle Utilities.

Supporting Resources

About Oracle Utilities

Oracle Utilities delivers proven software applications that help utilities of all types and sizes achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware, database technologies, as well as servers and storage. The software enables customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands and deliver on environmental conservation commitments. Additionally, Oracle Utilities helps utilities prepare for smart metering and smart grid initiatives that enhance efficiency and provide critical intelligence metrics that can help drive more-informed energy and water usage decisions for consumers and businesses. For more information, visit www.oracle.com/goto/utilities.

About Oracle in Industries

Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to utilities, helping speed time to market, reduce costs, and gain a competitive edge.

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.

Trademark

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info

Caroline Vespi
Oracle
+1.650.506.8920
caroline.yu@oracle.com

Janice Hazen
O’Keeffe and Company
+1.404.254.5881
jhazen@okco.com

Intel Takes Key Step in Accelerating High-Performance Computing with InfiniBand Acquisition

Intel Takes Key Step in Accelerating High-Performance Computing with InfiniBand Acquisition

Technology and Expertise from Qlogic Augment Networking Portfolio with Best-in-Class High-Performance Computing Fabric Technology

 

SANTA CLARA, Calif., Jan. 23, 2012 – Intel Corporation today announced that it has entered into a definitive agreement with Qlogic to acquire the product lines of and certain assets related to its InfiniBand business. A significant number of the employees associated with this business are expected to accept offers to join Intel.

This acquisition is designed to enhance Intel’s networking portfolio and provide scalable high- performance computing (HPC) fabric technology as well as support the company’s vision of innovating on fabric architectures to achieve ExaFLOP/s performance by 2018. An ExaFLOP/s is a quintillion computer operations per second, a hundred times more than today’s fastest supercomputers.

The deal is expected to close by the end of the current quarter pending customary closing conditions being met.

“At the International Supercomputing Conference 2011, Intel unveiled a bold vision to redefine HPC performance and break the Exascale barrier by 2018,” said Kirk Skaugen, vice president and general manager of Intel’s Data Center and Connected System Group. “The technology and expertise from Qlogic provide important assets to provide the scalable system fabric needed to execute on this vision. Adding Qlogic’s InfiniBand product line to our networking portfolio will bring increased options and exceptional value to our datacenter customers.”

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.