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QLogic launches $125M buyback

2015-11-17 16:17:10| Semiconductors - Topix.net

QLogic's buyback is good for repurchasing roughly 1/8 of shares at current levels. It will last for a period of up to two years following the first purchase made through it.

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QLogic launches job cuts

2015-09-15 18:18:52| Semiconductors - Topix.net

QLogic discloses it launched a restructuring plan on Sep. 2. The number of job cuts involved hasn't been discloses; QLogic does say it expects $5M-$6M in pre-tax cash charges. The company stated on its July 30 FQ1 call it plans a restructuring that aims to lower its FY16 operating expenses to $200M.

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QLogic (QLGC) Stock Downgraded at D.A. Davidson

2015-08-03 16:58:45| Semiconductors - Topix.net

The analyst firm lowered its fiscal 2016 EPS estimates for the Fibre Channel/Ethernet connectivity hardware maker to 71 cents a share from 75 cents a share. D.A. Davidson analysts also lowered their fiscal 2017 EPS estimates for QLogic to 88 cents a share from 91 cents a share.

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Qlogic Alert: Shareholder Rights Law Firm Johnson & Weaver, LLP...

2015-08-01 22:30:45| Semiconductors - Topix.net

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by QLogic Corporation and certain of its officers and directors. QLogic designs and supplies high performance server and storage networking infrastructure products that provide, enhance and manage computer data communication.

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QLogic Drops 8%: Cloud is Eating Enterprise Servers

2015-07-31 13:18:36| Semiconductors - Topix.net

Shares of component maker QLogic are down 88 cents, or almost 8%, at $10.50, after the company, which warned about slack revenue on July 9th , tonight delivered the formal results of the June quarter, and forecast this quarter's revenue lower as well, saying that cloud computing is changing its traditional market so much that it is looking to restructure and cut expenses. For the June fiscal Q1 , revenue was $113 million, as expected from the pre-announcement, and EPS of 19 cents was 2 cents better than analysts were expecting.

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