8-K

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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported)

                                  March 6, 2001

                               QLOGIC CORPORATION
             (Exact name of registrant as specified in its charter)

      Delaware 0-23298              33-0537669                 (IRS Employer
(State or other jurisdiction   (Commission File Number)      Identification No.)
     of incorporation)

26600 Laguna Hills Drive, Aliso Viejo, CA                          92656
(Address of principal executive offices)                         (Zip Code)

       Registrant's telephone number, including area code: (949) 389-6000


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ITEM 5. - OTHER EVENTS.

     On February 27, 2001, QLogic Corporation (the "Company") issued a press
release detailing the sale of assets, including the sale of its AdaptiveRAID(R)
technology, located at its Boulder, Colorado facility to YottaYotta, Inc., a New
Brunswick Canada corporation. A copy of the press release is attached as Exhibit
99.1 and incorporated herein by this reference.


ITEM 7. - FINANCIAL STATEMENTS AND EXHIBITS

     (c) EXHIBITS.

     EXHIBIT NUMBER                   DESCRIPTION
     --------------                   -----------

          99.1            Press Release dated February 27, 2001.


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                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                     QLOGIC CORPORATION


March 6, 2001                        /s/ Thomas R. Anderson
                                     -------------------------------------------
                                         Thomas R. Anderson
                                         Vice President-Finance, Chief Financial
                                         Officer


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                                  EXHIBIT INDEX

EXHIBIT                                                          SEQUENTIAL PAGE
NUMBER                     DESCRIPTION                                NUMBER
- ------                     -----------                                ------

 99.1         Press Release dated February 27, 2001.                     5


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EX-99.1

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Company Press Release                                               EXHIBIT 99.1

FOR IMMEDIATE RELEASE

EDITOR'S CONTACT:
Steve Sturgeon
QLogic Corporation
Phone: 949/389/6268
steve.sturgeon@qlogic.com

INVESTOR'S CONTACT:
Tom Anderson
QLogic Corporation
Phone: 949/389-6213
tom.anderson@qlogic.com

                 YOTTAYOTTA ACQUIRES ADAPTIVERAID(R) TECHNOLOGY

              START-UP PURCHASES INTELLECTUAL PROPERTY FROM QLOGIC

ALISO VIEJO, Calif. -- February 27, 2001 -- QLogic Corp. (NASDAQ: QLGC), the
only end-to-end storage area network (SAN) infrastructure provider, today
announced that YottaYotta (www.YottaYotta.com), the Yottabyte NetStorage(TM)
Company, has acquired intellectual property from QLogic Corporation. The
technology, known as AdaptiveRAID(R), was purchased for an undisclosed sum. As
part of the transaction, YottaYotta, Inc. will assume the QLogic facility in
Boulder, Colorado and it will become YottaYotta's second strategic development
center.

"This acquisition is part of YottaYotta's strategic expansion plan," said Steve
Mattioli, President and CEO of YottaYotta. "The AdaptiveRAID(R) technology is a
great addition to our already strong intellectual property portfolio and the
acquisition from QLogic also provides YottaYotta a foothold for building a
Colorado-based development center to work in concert with our Edmonton R&D
facility. YottaYotta plans on developing a significant presence in Boulder and
continuing our aggressive growth plans."

"With QLogic's increased focus on emerging technology, like iSCSI and
InfiniBand, we are emphasizing our investment in core I/O technologies which
should provide a greater return to our stockholders," noted H.K. Desai,
Chairman, CEO and President of QLogic. "Moving forward, we have retained a
license to use the AdaptiveRAID technology which continues to play a role in our
product offerings."

YottaYotta's acquisition of the AdaptiveRAID(R) technology is effective
immediately and integration of the Boulder facility and its staff began
yesterday with the internal announcement to both companies. QLogic does not
expect a material impact to earnings in its fourth fiscal quarter ending April
1, 2001, as a result of this transaction.

ABOUT YOTTAYOTTA
YottaYotta, the Yottabyte NetStorage(TM) Company, has developed the NetStorage
Cube(TM)


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which utilizes distributed supercomputing and clustering to bring true
scalability of performance and redundancy to storage, even when distributed
across geographies. The name YottaYotta comes from the term yottabyte, which is
one trillion terabytes of data. YottaYotta's initial markets include the Wide
Area Networks (WAN) of network service providers, the Portal Area Networks (PAN)
of internet content providers, the Metro Area Networks (MAN), the Storage Area
Networks (SAN) of Fortune 1000 businesses, and the Broadcast Area Networks (BAN)
of cable and satellite online television providers. The company has offices in
Kirkland, WA, Edmonton, AB and now Boulder, CO.

ABOUT QLOGIC
QLogic Corporation (Nasdaq:QLGC - news) is changing the way the world views
Storage Area Networks (SANs), serving OEMs, VARs and system integrators with the
broadest line of SAN and NAS infrastructure components in the industry. With
over 15 years of enterprise storage experience, the company delivers a full
range of Fibre Channel switches, PCI host bus adapters, controller silicon and
management chips for systems and peripherals, as well as the QLogic Management
Suite of SAN management software solutions. A member of the S&P 500 Index,
QLogic was ranked fourth on Forbes' Best 200 Small Companies and number 22 on
Fortune's 100 Fastest Growing Companies. QLogic is integrated in over 200 OEM
solutions, including: AMI, Compaq, Dell, EMC, Fujitsu, Hitachi, HP, IBM,
INRANGE, Iwill, MTI Technology Corp., Quantum, Raidtec, Siemens, Sony, Sun and
Unisys. For more information about QLogic and its products, contact QLogic
Corp., 26600 Laguna Hills Drive, Aliso Viejo, CA 92656; telephone: 800/662-4471
(sales); 949/389-6000 (corporate); fax: 949/389-6126; home page
http://www.qlogic.com.

Note: All QLogic-issued press releases appear on the company's web site
(www.qlogic.com). Any announcement that does not appear on the QLogic web site
has not been issued by QLogic.

DISCLAIMER- FORWARD LOOKING STATEMENTS
WITH THE EXCEPTION OF HISTORICAL INFORMATION, THE STATEMENTS SET FORTH ABOVE
INCLUDE FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES. THE
COMPANY WISHES TO ADVISE READERS THAT A NUMBER OF IMPORTANT FACTORS COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING
STATEMENTS. THOSE FACTORS INCLUDE NEW AND CHANGING TECHNOLOGIES AND CUSTOMER
ACCEPTANCE OF THOSE TECHNOLOGIES; A CHANGE IN SEMICONDUCTOR FOUNDRY CAPACITY OR
CONDITIONS; FLUCTUATIONS IN THE GROWTH OF I/O MARKETS; FLUCTUATIONS OR
CANCELLATIONS IN ORDERS FROM OEM CUSTOMERS; THE COMPANY'S ABILITY TO COMPETE
EFFECTIVELY WITH OTHER COMPANIES; CANCELLATION OF OEM PRODUCTS ASSOCIATED WITH
DESIGN WINS; AND REDUCTIONS IN THE NEED FOR SPACE AND INCREASED COSTS OF
OPERATIONS DUE TO FACILITY RELOCATION. CARRYING ADDITIONAL EXPANSION SPACE MAY
INCREASE COSTS AND ADVERSELY IMPACT FUTURE EARNINGS.

These and other factors which could cause actual results to differ materially
are also discussed in the company's filings with the Securities and Exchange
Commission, including its recent filings on Form S-3, Form 10-K, and Form 10-Q.

Trademarks and registered trademarks are the property of the companies with
which they are associated


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