Headquartered in Indiana PA ST Bancorp Inc

The forward-looking statements contained in this press releaseare made only as of the date hereof, and the company does not intend to updateor revise these forward-looking statements, whether as a result of newinformation, 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 companieswith which they are associated.QLOGIC CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited - in thousands, except per share amounts)Three Months EndedNine Months EndedDecember 28, December 30, December 28, December 30,2008 2007 2008 2007 Net revenues$163,691$158,040$503,315$438,143 Cost of revenues 54,77052,237165,542 152,113 Gross profit 108,921 105,803 337,773 286,030Operating expenses:Engineering and development33,11733,174100,565 100,916 Sales and marketing20,91820,29267,89562,104General and administrative 8,172 8,260 24,89225,250Special charges1,407 - 1,407 3,772 Total operating expenses 63,61461,726194,759 192,042Operating income 45,30744,077143,014 93,988 Interest and other income, net 2,511 4,866 2,035 16,885 Income before income taxes 47,81848,943145,049 110,873Income taxes 17,02817,07355,45737,428 Net income$30,790 $31,870 $89,592 $73,445 Net income per share:Basic $0.24 $0.23 $0.69 $0.51Diluted $0.24 $0.23 $0.68 $0.50 Number of shares used in per share calculations: Basic126,180 136,836 130,050 144,932 Diluted126,497 137,421 130,932 145,614 QLOGIC CORPORATIONRECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME(unaudited - in thousands, except per share amounts)Three Months EndedNine Months EndedDecember 28,December 30,December 28, December 30,200820072008 2007 GAAP net income $30,790 $31,870 $89,592$73,445 Items excluded from GAAP net income: Stock-based compensation 7,005 8,062 22,144 24,249 Amortization of purchased intangible assets2,713 3,618 12,319 13,107 Acquisition-related stock-based compensation 292 606 787568Special charges1,407 - 1,4073,772Impairment of available-for-sale securities4,259 - 12,002 -Net gains on trading securities(3,605) - (3,605 ) -Income taxes (354) (3,170) (4,970 ) (11,504) Total non-GAAP adjustments 11,7179,116 40,084 30,192 Non-GAAP net income $42,507 $40,986 $129,676 $103,637 Net income per diluted share:GAAP net income $0.24 $0.23 $0.68$0.50 Adjustments0.100.070.31 0.21 Non-GAAP net income $0.34 $0.30 $0.99$0.71Non-GAAP Financial MeasuresThe non-GAAP financial measures contained herein are a supplement to thecorresponding financial measures prepared in accordance with generally acceptedaccounting principles (GAAP). The non-GAAP financial measures presented excludethe items summarized in the above table. Management believes that adjustmentsfor these items assist investors in making comparisons of period to periodoperating results and that these items are not indicative of the companyson-going core operating performance. The company has presented non-GAAP net income and non-GAAP net income perdiluted share, on a basis consistent with its historical presentation, to assistinvestors in understanding the companys core net income and core net income perdiluted share on an on-going basis.

These non-GAAP financial measures may alsoassist investors in making comparisons of the companys core net profitabilitywith historical periods and comparisons of the companys core net profitabilitywith the corresponding results for competitors. These non-GAAPfinancial measures exclude the adjustments described in the above table, andthus provide an overall measure of the companys on-going net profitability andrelated profitability on a diluted per share basis. Management uses non-GAAP net income and non-GAAP net income per diluted share inits evaluation of the companys core after-tax results of operations and trendsbetween fiscal periods and believes that these measures are important componentsof its internal performance measurement process. In addition, the companyprepares and maintains its budgets and forecasts for future periods on a basisconsistent with these non-GAAP financial measures. Management believes thatproviding these non-GAAP financial measures allows investors to view thecompanys financial results in the way that management views the financialresults. Therefore, investorsshould consider non-GAAP financial measures in addition to, and not as asubstitute for, or as superior to, measures of financial performance prepared inaccordance with GAAP. A summary of the non-GAAP adjustments presented in the table above by thefinancial statement line impacted is as follows: (unaudited - in thousands)Three Months EndedNine Months Ended December 28,December 30,December 28,December 30,2008200720082007Non-GAAP Adjustments: Cost of revenues: Stock-based compensation$569$564$1,577$1,629Amortization of purchased intangible assets1,873 2,778 9,800 10,088 Acquisition-related stock-based compensation - - - (24) Total cost of revenue adjustments2,442 3,342 11,37711,693 Operating expenses: Engineering and development:Stock-based compensation 3,748 3,851 11,60011,131 Amortization of purchased intangible assets323294283Acquisition-related stock-based compensation 286 587 770 554Sales and marketing:Stock-based compensation 1,288 1,479 4,303 4,753Amortization of purchased intangible assets808 808 2,425 2,736Acquisition-related stock-based compensation 6 191738 General and administrative: Stock-based compensation 1,400 2,168 4,664 6,736Special charges1,407 - 1,407 3,772Total operating expense adjustments8,975 8,944 25,28030,003 Interest and other income:Impairment of available-for-sale securities4,259 - 12,002-Net gains on trading securities(3,605) - (3,605) -Total interest and other income adjustments654 - 8,397 -Total non-GAAP adjustments before income taxes 12,07112,28645,05441,696 Income taxes (354) (3,170) (4,970) (11,504) Total non-GAAP adjustments$11,717 $9,116$40,084 $30,192 QLOGIC CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS (unaudited - in thousands) December 28, 2008 March 30, 2008 ASSETSCurrent assets: Cash and cash equivalents$151,681$160,009 Short-term marketable securities183,063 160,497 Accounts receivable, net87,53181,642Inventories 30,17127,520Deferred tax assets 22,56332,227Other current assets9,450 8,925 Total current assets484,459 470,820 Long-term marketable securities 36,90855,903Property and equipment, net 93,07193,726Goodwill118,859 127,409 Purchased intangible assets, net22,02734,652Deferred tax assets 26,48425,870Other assets3,957 2,586$785,765$810,966 LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable $35,915 $35,643Accrued compensation24,82431,120Accrued taxes 3,905 5,262 Deferred revenue6,998 8,693 Other current liabilities 6,893 5,952 Total current liabilities 78,53586,670Accrued taxes 56,24548,163Deferred revenue8,603 5,087 Other liabilities 4,742 5,130 Total liabilities 148,125 145,050 Stockholders equity: Common stock202 200 Additional paid-in capital703,689 657,893 Retained earnings 1,174,530 1,084,938 Accumulated other comprehensive income (loss) 291 (2,530) Treasury stock(1,241,072) (1,074,585) Total stockholders equity637,640 665,916$785,765$810,966 QLOGIC CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited - in thousands) Nine Months Ended December 28,December 30,20082007 Cash flows from operating activities: Net income $89,592 $73,445Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 24,57922,842Stock-based compensation22,14424,249Acquisition-related:Amortization of purchased intangible assets 12,31913,107Stock-based compensation787 568 Deferred income taxes 15,632(12,472 ) Impairment of available-for-sale securities 12,002- Net gains on trading securities (3,605) - Provision for losses on accounts receivable 111 190 Loss on disposal of property and equipment137 1,121 Changes in operating assets and liabilities:Accounts receivable (6,000) (2,286) Inventories (2,651) 7,720 Other assets(2,149) 2,053 Accounts payable(2,073) 3,813 Accrued compensation(5,376) (7,108) Accrued taxes 6,725 33,329Deferred revenue1,821 2,740 Other liabilities (702) (756) Net cash provided by operating activities 163,293 162,555 Cash flows from investing activities: Purchases of available-for-sale securities(117,475) (120,923) Proceeds from sales and maturities of available-for-sale securities 107,874 348,387 Proceeds from disposition of trading securities 2,675 - Additions to property and equipment (21,410 ) (22,460 ) Acquisition of business - 67Net cash provided by (used in) investing activities (28,336 ) 205,071 Cash flows from financing activities: Proceeds from issuance of stock under stock plans 21,62411,262Tax benefit from issuance of stock under stock plans323 364 Purchase of treasury stock(165,232) (315,276) Net cash used in financing activities (143,285) (303,650) Net increase (decrease) in cash and cash equivalents(8,328) 63,976Cash and cash equivalents at beginning of period160,009 76,804Cash and cash equivalents at end of period $151,681$140,780 QLOGIC CORPORATIONSUPPLEMENTAL FINANCIAL INFORMATION(unaudited - in thousands)Net RevenuesA summary of the companys revenue components is as follows: Three Months EndedNine Months Ended December 28, December 30, December 28, December 30, 2008 2007 2008 2007Host Products$112,181$118,915$352,498$327,559 Network Products32,78827,83392,47774,239Silicon Products16,4929,275 47,70730,383Royalty and Service 2,230 2,017 10,6335,962$163,691$158,040$503,315$438,143Geographic Revenues Revenues by geographic area are presented based upon the country of destination.

Net revenues by geographic area are as follows: Three Months EndedNine Months EndedDecember 28, December 30, December 28, December 30,2008 2007 2008 2007 United States $75,759 $78,647 $240,085$224,935 Europe, Middle East and Africa 40,39540,243123,407 105,425 Asia-Pacific and Japan 38,98529,143111,410 81,000Rest of world8,552 10,00728,41326,783$163,691$158,040$503,315$438,143Media Contact:QLogic CorporationRobin Austin, orInvestor Contact:QLogic CorporationJeanie Herbert, Copyright Business Wire 2009. INDIANA, Pa., Jan. 26 /PRNewswire-FirstCall/ S&T Bank (Nasdaq: STBA), afull-service financial institution with branch locations in 10 Pennsylvaniacounties, is pleased to announce the appointment of three new senior vicepresidents:(Logo: http:// )Joanne Duggan has been named senior vice president of retail mortgagelending, formerly serving as vice president within the retail mortgagelending group.She has been a member of the S&T Bank team since1987.Prior to joining S&T, Duggan worked in banking and retailmortgage in Houston, TX and Parkersburg, WV.Duggan attended MariettaCollege and resides in Indiana, PA with her husband, Mike.Ken Parsons has been promoted from vice president to senior vicepresident, commercial lending.He joined S&T Bank in 1991 as abranch manager and region manager, later joining the commerciallendingdepartment in 2001.Parsons holds a Bachelor of Arts from IndianaUniversity of Pennsylvania and attended management and lending schoolsat the University of Michigan, the University of Colorado and SouthernMethodist University in Dallas, TX.He is a resident of Punxsutawney.Becky Stapleton has been named senior vice president, employeeservices.She joined S&T Bank as a training manager in 1988, becoming vicepresident of that area in 1995.In 2008, Stapleton was promoted tovicepresident and employee services manager.Prior to joining S&T Bank,she worked as an auditor for the US General Accounting Office inWashington, DC and as a political analyst in Harrisburg, PA. Stapletonholds a master's degree in public affairs from Indiana Universityin Bloomington, IN, received her undergraduate degree in governmentandpublic service from Indiana University of Pennsylvania (IUP) and isnationally certified as a Senior Professional in Human Resources.Sheresides in Indiana with her husband and three teenage daughters.About S&T Bancorp, Inc.Headquartered in Indiana, PA, S&T Bancorp, Inc.

operates 55 offices withinAllegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana,Jefferson and Westmoreland counties.With assets of $4.4 billion, S&TBancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbolSTBA. For more information, visit stbank .SOURCES&T Bancorp, Inc.Rob Jorgenson of S&T Bancorp, Inc., 1-724-465-5448. Yup.We are just behind the Ohio State Buckeyes fans and Chicago Cubs fans.And why did we get 3 honorsWell according to Spike TV, Ben Affleck is one reason.Another reason is because:after winning the World Series you became the nerdy girl who grew boobs one summer...read more.