QLGC notes from Briefing.com:
18:16 ET QLogic (QLGC) 36.08 -1.32: -- Update -- On call, company says Fibre Channel selling prices are improving for both switches and HBAs -- especially on the HBA side....stock at 35.49.
18:09 ET QLogic (QLGC) 36.08 -1.32: -- Update -- After the bell, Emulex (EMLX) says its Fibre Channel HBAs are now available from Dell for CLARiiON systems co-branded by Dell and EMC. On call, QLGC getting questions as to how EMC/Dell deal affects them. QLGC says it has a strong relationship with Dell and they are not concerned. If Dell does well, that will be good for QLGC. Right now, QLGC's product plugs into current CLARiiON, but that's the legacy system. As for new system, company says they are working on it....stock at 35.41...EMLX -0.09 vs 4pm close.
17:51 ET QLogic (QLGC) 36.08 -1.32: -- Update -- On call, company says that after DecQ, sales should grow 3%-8% sequentially for the next few quarters. Although company cautions that visibility is limited...Company expects SCSI business to stabilize in DecQ....stock at 35.88...vs 4pm close: EMLX -0.01, JNIC -0.04, BRCD +0.20, MCDT unch.
17:49 ET QLogic (QLGC) 36.08 -1.32: -- Update -- On call, company says DSOs improved to 46 days from 50 days in JunQ. Inventory turns improved to 3.5x vs 2.9x in JunQ....Lower margin SCSI business represented 30% of sales, down from 39% in JunQ. ...stock at 36.39.
17:47 ET QLogic (QLGC) 36.08 -1.32: -- Update -- On conference call, company lowers DecQ guidance. Company expects revenue to be flat to low single digit growth in DecQ. SepQ sales was $81.7 mln which translates into $81.7-$85 mln for DecQ vs Multex consensus of $85.9 mln. Company expects EPS of $0.17-$0.20 in DecQ vs Multex consensus of $0.19...stock at 35.79. |
