Q Logic Corp

Emulex Corp., a computer parts manufacturer, has changed the name of its circuit board subsidiary to Q Logic Corp. as the first step in its plan to spin off the unit as a separate, publicly held company. The subsidiary, previously known as Emulex Micro Devices, started Tuesday to brand the computer circuits it makes with the new Q Logic logo.

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Emulex Corp. and its subsidiary QLogic Corp. will be split into two separate, publicly traded technology companies as a result of a shareholder vote on Thursday. Shareholders voted at a special meeting to approve a plan for a tax-free distribution of common stock for QLogic in a transaction known as a one-for-two reverse stock split. In the deal, an Emulex shareholder who owns 100 shares would end up with 50 shares of Emulex stock and 50 shares of QLogic stock.

QLogic Corp., which makes computer data transfer products, posted declines in profit and revenue for the fiscal year ended March 31. Net income fell to $666,000, or 12 cents a share, from $2 million, or 35 cents a share, for the previous year. Revenue declined 7% to $53.8 million from $57.7 million. For the fourth quarter, net income rose to $732,000, or 13 cents a share, from $35,000, or 1 cent a share, a year ago. Revenue was up 28% to a record $16.2 million from $12.7 million.

Is your 401(k) plan up to snuff? With the stock market facing its worst year in at least a decade, many people who are saving through their employer's tax-deferred retirement plan may be rethinking the investment choices they've made. Others may just be looking to tweak their portfolio by shifting existing assets or new plan contributions into investment options that they've ignored until now.

QLogic Corp., which makes computer data transfer products, posted declines in profit and revenue for the fiscal year ended March 31. Net income fell to $666,000, or 12 cents a share, from $2 million, or 35 cents a share, for the previous year. Revenue declined 7% to $53.8 million from $57.7 million. For the fourth quarter, net income rose to $732,000, or 13 cents a share, from $35,000, or 1 cent a share, a year ago. Revenue was up 28% to a record $16.2 million from $12.7 million.

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.

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.

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.

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.

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.

Emulex Corp. and its subsidiary QLogic Corp. will be split into two separate, publicly traded technology companies as a result of a shareholder vote on Thursday. Shareholders voted at a special meeting to approve a plan for a tax-free distribution of common stock for QLogic in a transaction known as a one-for-two reverse stock split. In the deal, an Emulex shareholder who owns 100 shares would end up with 50 shares of Emulex stock and 50 shares of QLogic stock.

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.

In a strategic expansion into the computer retail market, Emulex Corp.'s QLogic subsidiary in Costa Mesa said Monday it is launching a line of adapter cards that simplify the linking of personal computers with peripherals such as printers and high-speed disk drives. Emulex has sold more than 20 million SCSI--small computer systems interface or "scuzzy"--devices since 1986, mainly as a supplier of components to computer peripheral manufacturers.

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.

Emulex Corp., a maker of computer components and networking software, said Tuesday it will hold a special stockholders meeting as part of the process of spinning off its QLogic subsidiary as a separate company. The meeting will take place at 10 a.m. Feb. 24 at the company's headquarters in Costa Mesa, 3535 Harbor Blvd. Stockholders will be asked to vote on a transaction known as a one-for-two reverse stock split and a tax-free distribution of QLogic Corp. shares.