Wednesday, March 10, 2010

QLogic Subject Of Takeover Rumors

Stock in Aliso Viejo-based storage networking gear maker QLogic jumped Tuesday, on the rumor that the firm is a takeover target. According to Briefing.com, the firm was rumored to have hired advisors following takeover interest; the firm jumped 2% Tuesday in trading on the rumor. QLogic has been a constant subject of takeover speculation since last April, when Broadcom made a bid for competitor Emulex, which makes similar storage area networking equipment.

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