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.
January 26, 1994
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.