June 4, 1995
QLogic Corp. reported earnings of $2 million, or 35 cents per share, for the fiscal year ended April 2, compared with a loss of $4.7 million, or 86 cents per share, for the prior year. Annual revenue for the Costa Mesa-based maker of computer processing products was $57.7 million, up 28% from $44.9 million. Net income for the company's fourth quarter was $35,000, or 1 cent per share, compared with $87,000, or two cents per share, for the same period a year earlier. Revenue of $12.
July 14, 1994
QLogic Corp., a Costa Mesa computer products company, reported earnings of $534,000 for its latest quarter. That was up 48% from a profit of $362,000 for the same period a year earlier. Revenue for the company's first fiscal quarter, which ended July 3, was $14.2 million, up 9% from $13.0 million for the same period a year earlier. QLogic became an independent, publicly traded company when its shares were distributed to stockholders of record of Emulex Corp. on Feb. 28.
May 18, 1994
QLogic Corp., formerly a subsidiary of Emulex Corp., said Tuesday that it lost $4.6 million for its latest fiscal year. That loss, which included onetime costs for its spinoff from Emulex and other restructuring moves, contrasted with a $5.9-million profit for the previous year. Annual revenue dropped 14% to $44.9 million for the year, which ended April 3. For the fourth quarter, QLogic posted a profit of $87,000, down from earnings of $1 million for the same period a year earlier.
February 11, 1994
The Costa Mesa maker of computer components and software said Thursday that it has selected Feb. 25 as the date it will distribute stock in its QLogic Inc. unit to existing shareholders. The tax-free transaction is contingent on shareholder approval at a Feb. 24 special meeting. Emulex said shareholders will get one QLogic common share for each Emulex common share, pending a proposed one-for-two Emulex reverse stock split.