May 8, 1999 |
QLogic Corp. shares rose 19% on Friday after the maker of chips that connect disk drives and accessories to computers said fourth-quarter profit more than doubled, aided by new products. QLogic rose $14.19 to $90.06, after reaching a record $96.25. The shares have gained about 38% this year. Emulex Corp., QLogic's former parent, rose 22%, or $10.81 a share, to $59.44. Emulex makes networking equipment that complements QLogic's. It spun off QLogic into a separately traded company five years ago.
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.
July 2, 1999 |
QLogic Corp. of Costa Mesa said Thursday that Larry Carter, chief executive of Cisco Systems, the leading developer of network routers and switches, has joined QLogic's board of directors. Carter brings experience in operations, finance and acquisition analysis. QLogic designs high-performance connections between computers and data storage systems. QLogic expanded the board to six members from five.
January 22, 1999
QLogic Corp.: The Costa Mesa provider of products that connect computer systems and data storage peripherals said net income for the third fiscal quarter climbed 82% to $7.1 million, or 76 cents a share, from $3.9 million, or 43 cents a share, for the same period last year. Revenue for the quarter ended Dec. 27 rose 45% to a record $30.3 million from $20.9 million.