Tuesday, November 15, 2011
QLogic Approves $200M Stock Repurchase Program
Aliso Viejo-based QLogic, the developer of high speed storage networking equipment, said this morning that it has approved a $200M stock repurchase program. QLogic did not comment on the repurchase efforts. QLogic makes adapters, switches, and ASICs used in high speed networking, particularly for the storage industry.