Key Developments: QLogic Corp (QLGC.O)

QLGC.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

QLogic Corp gives Q2 2015 guidance in line with analysts' estimates - Conference Call
Thursday, 24 Jul 2014 05:00pm EDT 

QLogic Corp:Expects Q2 2015 total revenue to be in the range of $121 million to $127 million.Expects to achieve non-GAAP earning per diluted share of $0.19 to $0.24 in Q2 2015.Q2 2015 revenue of $125 million and EPS of $0.23 - Thomson Reuters I/B/E/S.  Full Article

QLogic Corp enhances award-winning signature partner program and welcomes brocade reseller partners
Tuesday, 20 May 2014 08:00am EDT 

QLogic Corp:Updates and enhancements to its award-winning Signature Partner Program, including expanded product offerings, enablement programs and incentives.Recent QLogic acquisitions have fortified company's leadership position in data networking and storage connectivity and resulted in an influx of channel partners supporting QLogic's newly acquired solutions.QLogic is welcoming Brocade channel partners and rewarding all QLogic resellers by simplifying the Signature Partner Program structure, easing partner qualifications and expanding rewards and benefits.Signature Partner Program tiers have been streamlined from four to three, beginning with Preferred program tier, followed by Premier status and topping out with Elite.  Full Article

QLogic Corp reaffirms FY 2015 revenue guidance
Thursday, 1 May 2014 04:15pm EDT 

QLogic Corp:Expect total revenue to grow between 10 pct. and 12 pct. during FY 2015.Reported net revenue of $460.9 mln in FY 2014.  Full Article

QLogic Corp completes acquisition of certain ethernet controller-related assets from Broadcom
Thursday, 13 Mar 2014 04:15pm EDT 

QLogic Corp:Completed the acquisition of the 10/40/100Gb Ethernet controller-related assets from Broadcom.Pursuant to the definitive agreement that was previously announced on Feb. 18.Under the terms of the agreement, QLogic paid about $147 million.In addition, QLogic entered into a license agreement that will cover its Fibre Channel products and made a one-time payment of $62 million.  Full Article

QLogic Corp reaffirms Q4 2014 outlook; gives FY 2015 revenue outlook - Conference Call
Wednesday, 19 Feb 2014 06:30am EST 

QLogic Corp:Reaffirms Q4 2014 financial guidance, provided on Jan. 29.Expects FY 2015 total revenue to grow between 10-12 pct year-on-year.Q4 2014 revenue of $113 mln, EPS of $0.22 - Thomson Reuters I/B/E/S.FY 2015 revenue of $468 mln - Thomson Reuters I/B/E/S.  Full Article

Broadcom Corp and QLogic Corp announce sale and purchase of certain ethernet controller-related assets and entry into ASIC partnership
Tuesday, 18 Feb 2014 04:15pm EST 

Broadcom Corp:Enters into definitive agreement under which QLogic will acquire certain 10/40/100Gb Ethernet controller-related assets and non-exclusive licenses to certain intellectual property relating primarily to Broadcom's programmable NetXtreme(reg) II Ethernet controller family.Says the total deal consideration is about $147 mln in cash.Says in connection with the transaction, Broadcom and QLogic will enter into a long-term supply agreement whereby Broadcom will become ASIC supplier to QLogic in support of the NetXtreme II product line.Says concurrent with the closing, it is expected QLogic will license certain Broadcom patents under a non-exclusive patent license agreement that will cover QLogic's Fibre Channel products in exchange for a license fee of $62 mln.  Full Article

QLogic Corp issues Q4 2014 guidance; revenue guidance below analysts' estimates-conference call
Wednesday, 29 Jan 2014 10:00am EST 

QLogic Corp:Expects Q4 2014 total revenue to be in the range of $110-$116 mln.Expects Q4 2014 non-GAAP diluted EPS to be $0.19-$0.25.Q4 2014 revenue of $123 mln and EPS of $0.22 - Thomson Reuters I/B/E/S.  Full Article

QLogic Corp names Prasad Rampalli president and chief executive officer
Monday, 9 Dec 2013 08:00am EST 

QLogic Corp:Says the appointment of Prasad Rampalli as president and chief executive officer, effective Feb.3, 2014.  Full Article

QLogic Corp Issues Q3 2014 Guidance In Line With Analysts' Estimates-Conference Call
Thursday, 24 Oct 2013 05:00pm EDT 

QLogic Corp announced that for the third quarter of 2014, it expects total revenue to be in the range of $114 million to $120 million and to achieve non-GAAP earnings per diluted share (EPS) of $0.22 to $0.27. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $117 million and EPS of $0.22 for the third quarter of 2014.  Full Article

QLogic Corp Issues Q2 2014 Guidance In Line With Analysts' Estimates-Conference Call
Thursday, 25 Jul 2013 05:00pm EDT 

QLogic Corp announced that for the second quarter of 2014, it expects total revenue to be in the range of $108 million to $116 million and non-GAAP earnings per diluted share (EPS) of $0.16 to $0.23. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $116 million and EPS of $0.17 for the second quarter of 2014.  Full Article

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