QLogic (QLGC -11.9%) tumbles after posting a mixed FQ4 report. BMO (Market Perform) thinks the...

|About: QLogic Corporation (QLGC)|By:, SA News Editor

QLogic (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%).