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Earnings Roundup

QLogic's profit goes down 10%

January 24, 2008|From Times Wire Services

QLogic Corp., whose computer-networking storage products are used by Hewlett-Packard Co. and Sun Microsystems Inc., said fiscal third-quarter net income fell 10% on costs for stock-based compensation and administration.

Net income was $31.9 million, or 23 cents a share, compared with $35.5 million, or 22 cents, in the same period a year earlier, the Aliso Viejo-based company said.

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