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Network InfrastructureQLogic: Out With The Old, In With The OldQLogic: Out With The Old, In With The Old
QLogic announced results for the first quarter of its fiscal 2011 in July. The company posted another quarter of exceptional profitability driven by cost-cutting. However, the good news was offset by the second consecutive quarter of declining revenue for both the company and its core host adapter business. Company revenue of $142.6 million in Q1 represented a quarter-over-quarter decline of 2.13 percent, with the core host adapter business down 1.16 percent quarter-over-quarter.
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