Thursday, October 17, 2002 12:21:09 PM
RESEARCH ALERT-Bear Stearns ups QLogic profit view
Thursday October 17, 11:58 am ET
NEW YORK, Oct 17 (Reuters) - Bear Stearns said on Thursday it raised storage networking equipment maker QLogic Corp's (NasdaqNM:QLGC - News) 2003 and 2004 earnings estimates, citing the company's "superb" quarterly earnings that beat consensus expectations.
Bear Stearns analyst Andrew Neff said in a research note that he raised 2003 earnings estimates to $1.09 from $1.00 and raised 2004 earnings estimates to $1.20 from $1.15.
In the note, Neff said he sees QLogic "as the premier low-cost arms supplier to the server/storage vendors."
Shares of QLogic closed Wednesday at $23.36.
http://biz.yahoo.com/rc/021017/tech_qlogic_research1_1.html
Thursday October 17, 11:58 am ET
NEW YORK, Oct 17 (Reuters) - Bear Stearns said on Thursday it raised storage networking equipment maker QLogic Corp's (NasdaqNM:QLGC - News) 2003 and 2004 earnings estimates, citing the company's "superb" quarterly earnings that beat consensus expectations.
Bear Stearns analyst Andrew Neff said in a research note that he raised 2003 earnings estimates to $1.09 from $1.00 and raised 2004 earnings estimates to $1.20 from $1.15.
In the note, Neff said he sees QLogic "as the premier low-cost arms supplier to the server/storage vendors."
Shares of QLogic closed Wednesday at $23.36.
http://biz.yahoo.com/rc/021017/tech_qlogic_research1_1.html
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