Replies to post #326524 on Zeev's Turnips Patch-No Politics (ZEEV)

[steviee]

QLogic Shares Have Limited Upside
11.24.04, 10:59 AM ET


Tear Sheet / Chart / News



Standard & Poor's Equity Research downgraded QLogic (nasdaq: QLGC - news - people ) to "hold" from "buy," saying shares of the storage area network company are now fairly valued. S&P Equity Research said, "We view the company's industry position within fibre-channel host bus adapter market as favorable. In addition, QLogic possesses an attractive capital structure, in our view, with a double-digit current ratio and no long-term debt." But the company's profitability may be hindered over the near term on more aggressive pricing by competitors and a less-favorable business mix, the research firm said. "As a result, we see further upside potential as limited," S&P Equity Research said, and kept the 12-month target price at $35.

[nomoweed]

Because it's up 9% in a month,29% in two months,and has CSFB tech conf present next Wednesday.Take your pick.<g>Happy Thanksgiving.