Zeev's Turnips Patch-No Politics (ZEEV)

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Qlogic Corp (QLGC) (38.10 -3.73)

Bear Stearns raised its earnings outlook for QLOGIC CORP., citing the storage networking equipment maker's strategic positioning. In a research note, analyst Andrew Neff said he increased his earnings outlook to $1.15 a share from $1.09 for the year ending in March and to $1.30 from $1.20 for fiscal 2004. "We continue to view QLogic as the premier low-cost arms supplier to the server/storage vendors," Neff wrote. (Reuters 12:00 PM ET 01/16/2003 More...)