Tuesday, May 15, 2007

Fibre channel from QLogic with MACD

QLogic (QLGC) engages in the design and development of storage network infrastructure components. It produces host bus adapters, Fibre Channel blade switches, Fibre Channel stackable switches, and fabric switches. The company also designs and develops storage routers for bridging Fibre channel and Internet small computer systems interface, and networks and storage services platforms.
Technically lately MACD applies very well buy signal. Fundament is undervaluated. P/E 15 v. 22 in industry. Growth in following 5 years should be beating industry average. Analysts earnings expectations are quite low, the same number as year ago.


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