Zeev's Turnips Patch-No Politics (ZEEV)

[titan3]

http://www.byteandswitch.com/document.asp?doc_id=50336

Not all analyst response was negative. Stephen Chin of UBS Investment Research thinks QLogic's news doesn't mean it's losing market share to Emulex, with which it dominates the HBA market. UBS also thinks QLogic's OEM arrangement with Hitachi Global Storage Technologies (Hitachi GST), which was blamed by analysts for a revenue hit last quarter, is "on track" for next quarter (see OEM Rains on QLogic's Quarter).

UBS also indicates that QLogic could be up for another OEM win with Dell Computer Corp. (Nasdaq: DELL - message board). This seems possible: QLogic has announced its focus on lower-end SANs, and Dell recently indicated it would diverge from its relationship with EMC Corp. (NYSE: EMC - message board) at the low end (see QLogic Stacks SMB Deck and Dell Covers Its NAS).