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Storage adapter card/switch vendors QLogic (QLGC -8.1%) and Emulex (ELX -4.8%) are down hard...

Storage adapter card/switch vendors QLogic (QLGC -8.1%) and Emulex (ELX -4.8%) are down hard after receiving downgrades to Sell (I, II) from Goldman: the firm thinks QLogic's FY13 targets are at risk due to macro issues, and is worried about the impact of investment needs, macro, and litigation risk on Emulex's near-term performance. Shares of both companies have fared poorly in recent months. Mellanox (MLNX -3.2%), which competes with QLogic and Emulex in the Ethernet adapter card market, is also lower.
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