Qlogic Corp

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.

The hoax that sent Emulex Corp.'s stock gyrating Friday was just the latest stomach-churning twist in a drama-laden year of new highs and perilous skids. The 21-year-old Costa Mesa firm has ridden the expanding market for high-speed data transfer products to record revenue and profit. But at the same time, investors' confidence in the company and its volatile industry sector has seesawed, sending Emulex shares from their peak of $209 in February to below $50 in April, then back up to $105.

QLogic Corp. said Tuesday that it completed its acquisition of Minnesota fiber-channel switch maker Ancor Communications in a stock swap. Aliso Viejo-based QLogic, which makes equipment for computer-storage networks, exchanged 0.5275 share for every share of Ancor Communications. Shareholders of both companies approved the transaction earlier in the day. When QLogic announced the deal in May, it was valued at $1.7 billion, based on the stock price of $99.94 a share.

Semiconductor firm Conexant Systems Inc. posted strong quarterly operating results Wednesday as it announced plans to pay $245 million in stock for two closely held companies with products that speed data on optical networks. Separately, QLogic Corp., an Aliso Viejo designer of chips and circuit boards, reported record quarterly sales and an 83% hike in income that was well ahead of analysts' expectations.

Semiconductor designer QLogic Corp. said Friday that it has agreed to provide its fiber-channel adapters to International Business Machines Corp. for use in IBM's data storage networks. Financial terms of the pact weren't released. The Aliso Viejo firm said IBM will use its adapters for its Netfinity Storage Area Network systems. The adapters control the flow of information between data storage servers.

QLogic Corp.'s proposed acquisition of Minnesota fiber-channel switch maker Ancor Communications Inc. has cleared a key antitrust hurdle, the companies said Wednesday. The transaction cleared a waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act. Shareholders are expected to consider the transaction on Aug. 1, the companies said. When Aliso Viejo-based QLogic announced the proposed stock transaction on May 8, it was valued at $1.

QLogic Corp. reported a 58% increase in quarterly earnings Wednesday in results that beat Wall Street estimates, welcome news for a company that has lost 39% of its value since it said it would buy a money-losing company at a hefty premium. The Aliso Viejo designer of chips and circuit boards linking computers and data-storage systems said net income rose to $13.5 million, or 17 cents a share, for its fiscal fourth quarter, ended April 2. Last year, it earned $8.

Investors pummeled QLogic Corp.'s stock Tuesday for the second day in a row after the Aliso Viejo chip manufacturer unveiled plans to buy a money-losing maker of equipment for data storage networks at a hefty premium price. The stock, which tumbled 25% after the deal was announced Monday, was off an additional 17% on Tuesday as traders ignored industry analysts who asserted that the sell-off is an overreaction. The stock lost $12.81 to end the day at $61.94 on Nasdaq.

Investors pummeled QLogic Corp.'s stock Tuesday for the second day in a row after the Aliso Viejo chip manufacturer unveiled plans to buy a money-losing maker of equipment for data storage networks at a hefty premium price. The stock, which tumbled 25% after the deal was announced Monday, was off an additional 17% Tuesday as traders ignored industry analysts who asserted that the sell-off is an overreaction. The stock lost $12.81 to end the day at $61.94 a share.