QLogic Corporation (QLGC): Price defines bullish 'pennant' formation - Larry Schutts

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1 pt	QLogic Corporation (QLGC): Price defines bullish 'pennant' formation
	Jul 11, 2008 01:49 PM UTC

Larry Schutts

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-38.66%	LOW

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Symbol	Sentiment	Start	Return	Closed
QLGC		07/11/08	-33.59%	--
CSCO	n/a
IBM	n/a
HPQ	n/a

Via BloggingStocks:

Filed under: Analyst upgrades and downgrades, Good news, Cisco Systems (CSCO), Hewlett-Packard (HPQ), International Business Machines (IBM), Technical Analysis, Stocks to Buy

QLogic Corporation (NASDAQ: QLGC) provides the controller chips, host adapters, fabric switches and management software used by storage area networks. Products include fiber channel and iSCSI host bus adapters, InfiniBand host channel adapters, fiber channel switches, InfiniBand switches, and storage routers for bridging fiber channel and iSCSI networks. Customers include Cisco Systems (NASDAQ: CSCO), Hewlett-Packard (NYSE: HPQ) and IBM (NYSE: IBM).

The firm pleased investors earlier in the week, when it boosted its fiscal Q1 EPS guidance from 26-28 cents to 30-31 cents and its Q1 revenue view from $154-$158 million to $166-$168 million. The new ranges topped consensus Street estimates of 27 cen

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QLogic Corp. (QLGC)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

76.5%

Top:

75.0%

Cisco Systems Inc (CSCO)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

81.0%

Top:

39.0%

International Business Machines Corp (IBM)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

69.5%

Top:

43.0%

TODAY'S HEADLINES

LDK Solar's Growth Potential Offset by Gross Margin Pressure
by Paul Cheung (Zacks.com) about LDK

Cisco Systems Still a Wait and See
by Thomas Catino (Ant & Sons) about CSCO

The Merrill Lynch Diet: Starving Shareholders
by Zack Miller (BloggingStocks) about MER

Until Housing Improves, Don't Expect Stocks to Rebound
by J.D. Steinhilber (Agile Investing) about SPY

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by Henry Blodget about GOOG

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