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Silicon Design Resources Inc

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BUSINESS
August 21, 1998 | Dow Jones
QLogic Corp. said Thursday it has acquired Silicon Design Resources Inc. for $2 million cash and as much as $8 million in other payments. Silicon Design, which is based in Austin, Texas, designs and markets chips for the mass storage and server markets. It had revenue of $686,700 in the quarter ended June 30. Costa Mesa-based QLogic, which makes computer accessories, said it plans to take charges related to the deal in its second fiscal quarter.
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BUSINESS
August 21, 1998 | Dow Jones
QLogic Corp. said Thursday it has acquired Silicon Design Resources Inc. for $2 million cash and as much as $8 million in other payments. Silicon Design, which is based in Austin, Texas, designs and markets chips for the mass storage and server markets. It had revenue of $686,700 in the quarter ended June 30. Costa Mesa-based QLogic, which makes computer accessories, said it plans to take charges related to the deal in its second fiscal quarter.
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BUSINESS
October 18, 1998
QLogic Corp.: The Costa Mesa designer and supplier of semiconductor and board-level input/output products reported net income of $5.2 million, or 57 cents a share, for the second fiscal quarter ended Sept. 27, which included a charge of $1.6 million related to the acquisition of Silicon Design Resources Inc. For the second quarter of the prior fiscal year, the company posted net income of $3 million, or 39 cents a share. Revenue rose 41% to a record $27.7 million from $19.6 million.
BUSINESS
May 7, 1999
QLogic Corp., a Costa Mesa computer products company, reported that fourth-quarter net income more than doubled to $8.5 million, or 45 cents a share, from $4.2 million, or 23 cents a share, for the like period last year. Revenue for the quarter ended March 28 rose 55% to a record $35.1 million from $22.7 million. Net income for the year totaled $25.7 million, or $1.38 a share, which included a charge in the second quarter of $1.
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