November 5, 1998 |
QLogic Corp.'s stock hit a 52-week high Wednesday after the company's president said he expects profits to grow because of increased demand for its products, which speed communications between computers. "Because processing power goes up, input-output communications becomes a bottleneck," President H.K. Desai said. A customer like Sun Microsystems Inc., the world's biggest maker of computer workstations, has to ensure more powerful products can communicate faster. The stock climbed to $100.
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.
November 4, 2000 |
Shares of QLogic Corp. rose almost 15% Friday, one day after some positive analyst comments accompanied an 11% jump. Chairman H.K. Desai mused that gradual acceptance of QLogic's August acquisition of Ancor Communications Inc. might be driving the stock. Initially, investors may have been wary that the acquisition indicated problems in QLogic's core business, Desai said. The Aliso Viejo company's fiscal second-quarter earnings, released Oct. 18, allayed such fears, he said.