QLogic (QLGC) Completes $125M Sale of InfiniBand to Intel (INTC)
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QLogic Corp. (Nasdaq: QLGC), announced it has completed the previously announced transaction to sell the product lines and certain assets associated with its InfiniBand business to Intel Corporation (Nasdaq: INTC) for $125 million in cash. The agreement was announced on January 23, 2012.
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