Qlogic ( QLGC ), Right time to BUY ? Message Board

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Technology Stocks : Qlogic ( QLGC ), Right time to BUY ?

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: PLegee who wrote (511)	10/23/2001 5:14:41 PM
From: Kayaker	of 519

5:09pm 10/23/01 QLogic Q2 pro forma EPS 19c (QLGC) By Nicole Maestri QLogic Corp. (QLGC) reported second-quarter net income of $15.9 million, or 17 cents per share. That compares with a loss of $1.3 million, or 1 cent per share, a year before. QLogic reported pro forma net income of $17.7 million, or 19 cents per share, compared with $24 million, or 25 per share, a year ago. Pro forma results exclude merger and acquisition expenses, research and development charges, sales discounts for stock warrants and amortization of intangibles. Analysts, on average, expected earnings of 19 cents per share. On the top line, revenue was $80.9 million, a decline from $86 million in the same quarter a year before. Shares closed down 3.5 percent at $36.08.

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