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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

QLogic Shares Continue Growth Spurt

November 04, 2000|Dow Jones

Shares of QLogic Corp. rose almost 15% Friday, one day after some positive analyst comments accompanied an 11% jump. Chairman H.K. Desai mused that gradual acceptance of QLogic's August acquisition of Ancor Communications Inc. might be driving the stock. Initially, investors may have been wary that the acquisition indicated problems in QLogic's core business, Desai said. The Aliso Viejo company's fiscal second-quarter earnings, released Oct. 18, allayed such fears, he said.

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