QLogic Corp (QLGC) Tops Q4 EPS by 5c, Offers Q1 Guidance

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QLogic (QLGC) Holds Off Buybacks as Takeover Rumors Swirl

May 6, 2016 12:15 PM EDT

QLogic Corp (NASDAQ: QLGC) posted a solid quarter, but according to a source the reason for much of today's upside is that an offer for the company in the 'high-teens' has been tabled.

In early April, reports surfaced the company hired Qatalyst Partners to explore options and, as Stifel analyst Aaron Rakers pointed out, the company did... More