Top 10 Tech Stocks For 2015

Top 10 Tech Stocks For 2015: QLogic Corporation(QLGC)

QLogic Corporation engages in the design and supply of storage networking, high performance computing networking, and converged networking infrastructure solutions. It offers various host products, including fiber channel and Internet small computer systems interface (iSCSI) host bus adapters; fiber channel over Ethernet (FCoE) converged network adapters; and intelligent Ethernet adapters. The company also provides network products, which consist of fiber channel switches, including stackable edge switches, bladed switches, virtualized pass-through modules, and high-port count modular-chassis switches; Ethernet pass-through modules; and storage routers for bridging fiber Channel, FCoE, and iSCSI networks, as well as for migrating data between storage devices. In addition, it offers silicon products comprising fiber channel, iSCSI, converged network, and Ethernet controllers. Further, the company involves in the design and development of application-specific integrated circ uits, adapters, and switches based on fiber channel, iSCSI, FCoE, and Ethernet technologies. Its products are used in server, workstation, and storage subsystem solutions that are used by small, medium, and large enterprises with various business data requirements. The company sells its products to original equipment manufacturers and distributors worldwide. QLogic Corporation was founded in 1992 and is headquartered in Aliso Viejo, California.

Advisors' Opinion:

• [By Monica Gerson]

  QLogic (NASDAQ: QLGC) appointed Tony Carrozza as the senior vice president of worldwide sales. The company also announced its plans to report its FQ1 results after the closing bell on July 24, 2014. QLogic shares declined 0.10% to close at $10.24 yesterday.

• [By Sean Williams]

  Also in the news ...
  Let's not sugarcoat this one iota: It was a really busy week for earnings news, with network equipment maker QLogic (NASDAQ: QLGC&nb! sp; ) , printing and IT specialist Xerox (NYSE: XRX  ) , and telecommunication services provider Orange (NYSE: ORAN  ) all reporting results.

• [By Sean Williams]

  This week's loser
  On the other side of the coin was networking equipment maker QLogic (NASDAQ: QLGC  ) , which tanked 4.8% on the week after disclosing that its CEO, Simon Biddiscombe, had resigned on Friday. In the interim, QLogic's CFO, Jean Hu, will be the acting CEO. Anytime the management of a company changes, it provides a level of uncertainty that's bound to unnerve investors. I'd urge current shareholders (of which I'm one) to remember that QLogic has been consistently profitable for years, has $5 in net cash per share, and is poised to benefit from higher infrastructure spending. Patience will pay off here!

• [By Sean Williams]

  Shareholders in networking equipment maker QLogic (NASDAQ: QLGC  ) certainly have a reason to rejoice, as it will be added to the S&P Small Cap 600 as of the close of business on Friday. Being added to the S&P Small Cap 600 index will mean that mutual funds that track the index will be required to purchase shares of QLogic. With more than $5 in cash per share on its balance sheet, the downside risk in QLogic is quickly abating.

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/top-10-tech-stocks-for-2015.html