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Does QLogic Make Sense?
By Stephen D. Simpson, CFA
October 24, 2005

When last I wrote on QLogic (Nasdaq: QLGC), I commented that it was a "good business at the right price, but only at the right price." Then the defenders of the faith sent me their protest emails. "You don't get it," or "You're so wrong," or "You're getting paid by a hedge fund to say that" were pretty typical. Since that piece was published on May 11, the stock has gone exactly nowhere -- down $0.34 per share -- while the broader market has gone up a bit....
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