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Stock Market & Financial Investment News

News Breaks
December 3, 2012
06:23 EDTQLGCQLogic downgraded to Sell from Neutral at Goldman
Goldman downgraded QLogic to reflect secular challenges headwinds in the core Fibre Channel adapter businesses and cyclical risk in the server market and HBA to server attach rates. Price target lowered to $8 from $11.
News For QLGC From The Last 14 Days
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May 17, 2013
16:31 EDTQLGCQLogic CEO Simon Biddiscombe resigns, effective immediately
QLogic Corp. announced that Simon Biddiscombe has resigned his positions as president and CEO and also as a director in order to pursue other opportunities. Simon's resignation was effective immediately. The board has appointed CFO Jean Hu as CEO on an interim basis. The board will begin an immediate search for a permanent CEO, and the search committee will be led by William M. Zeitler.

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