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News Breaks | | | | January 25, 2013 | | 09:41 EDT |  | QLGC | QLogic gaps up following stronger earnings, bullish pattern now active
The company beat eparnings expectations by 2 cents when it reported results for its Q3 after the close yesterday. This morning the shares are up over 11%. This move higher has triggered a bullish flag pattern on the daily chart that has upside potential to the $13 area. That $13 level is where the stock began a rounding pattern decline back in September of last year. Support is at $12.34. | |
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News For QLGC From The Last 14 Days Check below for free stories on QLGC the last two weeks. |
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| May 17, 2013 | | 16:31 EDT |  | QLGC | QLogic 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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