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QLogic (QLGC -11.9%) tumbles after posting a mixed FQ4 report. BMO (Market Perform) thinks the...
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Friday, May 4, 2012, 11:09 AM ETQLogic (QLGC -11.9%) tumbles after posting a mixed FQ4 report. BMO (Market Perform) thinks the results, together with archrival Emulex's (ELX -2.2%) uninspiring June quarter outlook, suggests a slower-than-expected ramp for Intel's (INTC) Romley server CPU platform, which many have expected will lead to a pickup in data center IT spending. The report might also be weighing on Brocade (BRCD -4%).
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