Saturday, January 25, 2014

Top 5 Life Sciences Stocks To Watch For 2015

My top idea for conservative, income-oriented investors in the coming year is a closed-end fund that invests in public and privately-held companies doing work in the life sciences arena, writes Nate Pile of Nate's Notes.

The life sciences industry includes stocks in biotechnology, pharmaceuticals, diagnostics, managed healthcare and medical equipment, and healthcare information technology and services.

This recommended fund��ambrecht & Quist Life Sciences Fund (HQL)��as also our top pick last year, and the fund rose 44% in 2013.

In addition to rising in value, the fund has a dividend policy of paying out 2% of its net asset value of each quarter.

By choosing to take this payout in the form of a dividend reinvestment, rather than cash, investors have done very well for themselves as they've watched, both the size of their holdings, and the share price itself, increase as the years have rolled by.

To be sure, you will always be able to get more bang for your buck by owning individual biotech stocks.

Top 5 Life Sciences Stocks To Watch For 2015: Noble Corp (NE)

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (FPSO) located globally. As of December 31, 2011, its fleet consisted of 14 semisubmersibles, 14 drillships, 49 jackups and two submersibles. Its fleet includes 11 units under construction, which include five ultra-deepwater drillships, and six jackup rigs. As of February 15, 2012, approximately 84% of its fleet was located outside the United States in areas, which included Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India and the Asian Pacific. During the year ended December 31, 2011, it completed construction on the Noble Bully I, a drillship, owned through a joint venture with a subsidiary of Royal Dutch Shell plc; completed construction on the Noble Bully II, a drillship, and it completed construction of Globetrotter-class drillship. As of February 15, 2012, it had 10 rigs under contract in Mexico with Pemex Exploracion y Produccion (Pemex).

During 2011, the Company conducted offshore contract drilling operations, which accounted for over 98% of its operating revenues. It conducts its contract drilling operations in the United States Gulf of Mexico, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India and the Asian Pacific. During 2011, revenues from Shell and its affiliates accounted for approximately 24% of its total operating revenues. During 2011, revenues from Petroleo Brasileiro S.A. (Petrobras) accounted for approximately 18% and 19% of its total operating revenues. Revenues from Pemex accounted for approximately 15%, 20% and 23% of its total operating revenues.


Semisubmersibles are floating platforms which, by means of a water ballasting system, can be submerged to a predetermined depth so that a substantial portion of the hull is b! elow the water surface during drilling operations. As of December 31, 2011, the semisubmersible fleet consisted of 14 units, including five Noble EVA-4000 semisubmersibles; three Friede & Goldman 9500 Enhanced Pacesetter semisubmersibles; two Pentagone 85 semisubmersibles; two Bingo 9000 design unit submersibles; one Aker H-3 Twin Hull S1289 Column semisubmersible, and one Offshore Co. SCP III Mark 2 semisubmersible.


The Company�� drillships are self-propelled vessels. These units maintain their position over the well through the use of either a fixed mooring system or a computer controlled dynamic positioning system. Its drillships are capable of drilling in water depths from 1,000 to 12,000 feet. The maximum drilling depth of its drillships ranges from 20,000 feet to 40,000 feet. As of December 31, 2011, the drillship fleet consisted of 14 units, including four drillships under construction with Hyundai Heavy Industries Co. Ltd. (HHI); three Gusto Engineering Pelican Class drillships; two Bully-class drillships to be operated by it through a 50% joint venture with a subsidiary of Shell; one dynamically positioned Globetrotter-class drillship that left the shipyard during the fourth quarter of 2011; one Globetrotter-class drillship under construction; one moored Sonat Discoverer Class drillship capable of drilling in Arctic environments; one NAM Nedlloyd-C drillship, and one moored conversion class drillship.


As of December 31, 2011, the Company had 49 jackups in its fleet, including six jackups under construction. The rig hull includes the drilling rig, jacking system, crew quarters, loading and unloading facilities, storage areas for bulk and liquid materials, helicopter landing deck and other related equipment. All of its jackups are independent leg and cantilevered. Its jackups are capable of drilling to a maximum depth of 30,000 feet in water depths up to 400 feet.


The Company has two su! bmersible! s in the fleet, which are cold-stacked. Submersibles are mobile drilling platforms, which are towed to the drill site and submerged to drilling position by flooding the lower hull until it rests on the sea floor, with the upper deck above the water surface. Its submersibles are capable of drilling to a depth of 25,000 feet in water depths up to 70 feet.

Advisors' Opinion:
  • [By Paul Ausick]

    Two oil field services companies announced on Tuesday that they plan to spin off parts of their businesses into separately traded companies. National Oilwell Varco Inc. (NYSE: NOV) will hive off its distribution business, and Noble Corp. (NYSE: NE) plans to spin off its standard specification (shallow-water) drilling units.

Top 5 Life Sciences Stocks To Watch For 2015: BERKELEY GROUP HLDGS UNITS(EACH COMP NEW ORD & B SHS)

Berkeley Group Holdings plc, through its subsidiaries, engages in residential-led property development focusing on urban regeneration and mixed-use developments in the United Kingdom. It is involved in the acquisition, planning, designing, building, and marketing of land properties. The company builds and develops new homes, contemporary urban apartments, refurbished historic buildings, traditional family homes, and innovative mixed use schemes. It operates primarily under the brand names of Berkeley, St James, St Edward, St George, Berkeley First, and Berkeley Commercial. Berkeley Group Holdings plc was founded in 1976 and is based in Cobham, the United Kingdom.

Top Consumer Stocks For 2015: Sonus Networks Inc.(SONS)

Sonus Networks, Inc. provides voice and multimedia infrastructure solutions. The company offers session border control (SBC), voice over Internet protocol (VoIP), and access and VoIP media gateway solutions that allow the delivery of voice and multimedia sessions over IP networks. Its products include GSX9000 Open Services Switch that enables voice traffic to be transported over packet networks; GSX4000 Open Services Switch; NBS9000 Network Border Switch that permits service providers to transform their time division multiplexing networks to IP; PSX Policy & Routing Server, which translates business policies into actual call control, routing, and service selection decisions; NBS5200 Network Border Switch that provides SBC functionality; and ASX Call Feature Server that provides local area calling and regulatory features for residential and enterprise markets. The company also offers Network Analytics Suite of performance management products, including NetScore network perf ormance analysis tool, NetAssure voice quality monitoring tool, and NetEng network audit and visualization engine that are used for the collection, monitoring, reporting, and notification of performance metrics. In addition, it provides professional consulting and services to support its IP communication solutions; and program management, network deployment design, softswitch and subscriber database design, network verification and audit, custom application and adaptor development, OSS and API integration, migration and upgrade, and managed services. The company serves long-distance and local exchange carriers, Internet service providers, wireless operators, cable operators, financial institutions, retailers, state and local governments, and multinational corporations. It sells its products primarily through a direct sales force in the United States, Europe, the Asia-Pacific, and the Middle East. Sonus Networks, Inc. was founded in 1997 and is headquartered in Westford, Mass achusetts.

Advisors' Opinion:
  • [By Evan Niu, CFA]

    What: Shares of Sonus Networks (NASDAQ: SONS  ) have popped today by upwards of 17% after the company reported first-quarter earnings.

    So what: First quarter sales totaled $63.3 million, which turned into a non-GAAP net loss of $0.02 per share. Investors were expecting just $61.1 million up top and an adjusted loss of $0.03 per share, meaning the figures were a beat relative to consensus estimates. Session border controller, or SBC, revenue was up 77% to $30 million.

  • [By Roberto Pedone]

    One networking player that's starting to move within range of triggering a big breakout trade is Sonus Networks (SONS), which provides networked solutions for communications service providers and enterprises in the U.S., Europe, the Middle East, Africa, and the Asia Pacific. This stock has been red hot so far in 2013, with shares up 104%.

    If you take a look at the chart for Sonus Networks, you'll notice that this stock has been trending sideways for the past month, with shares moving between $3.25 on the downside and $3.72 on the upside. Shares of SONS have been finding support over the last month each time the stock has pulled back to its 50-day moving average. This stock is now starting to trend a bit higher and move within range of triggering a breakout trade above the upper-end of its sideways consolidating chart pattern.

    Traders should now look for long-biased trades in SONS if it manages to break out above some near-term overhead resistance at $3.56 to $3.59 a share and then once it takes out its 52-week high at $3.72 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 2.50 million shares. If that breakout hits soon, then SONS will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $5 to $5.50 a share.

    Traders can look to buy SONS off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $3.33 to $3.25 a share, or right below more support at $3.10 a share. One could also buy SONS off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

  • [By Ben Fox Rubin]

    Sonus Networks Inc.(SONS) agreed to buy Performance Technologies Inc.(PTIX), a supplier of network communications products, for $3.75 a share, a 26% premium of Thursday’s close, or $42 million. The companies said the deal was worth $30 million, net of Performance Technologies’ cash and excluding acquisition costs. Performance Technologies shares jumped 24% to $3.70 premarket, just under the offer price.

Top 5 Life Sciences Stocks To Watch For 2015: SAIC Inc(SAI)

SAIC, Inc. scientific, engineering, systems integration, and technical services and solutions to various branches of the U.S. military, agencies of the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security and the other U.S. government civil agencies, state and local government agencies, foreign governments, and customers in select commercial markets. Its Government segment provides a range of technical services and solutions in the areas of systems engineering and integration, software development, cyber security, data processing and analysis, secure information sharing and collaboration, IT outsourcing, communication systems and infrastructure, command and control, logistics, research and development, environmental consulting, energy and utilities, design and construction, securing critical infrastructure, disaster preparedness and recovery, homeland security product, geospatial solutions, and modeling and simulation. The compan y?s Commercial segment provides consulting, systems integration, and managed IT services, as well as customizable IT software solutions to oil and gas customers; and enterprise information technology optimization, business intelligence, enterprise resource planning maintenance, and staff augmentation services to select commercial customers, and state and local government customers. In addition, it offers business, engineering, energy, and infrastructure consulting services; language translation, interpretation, and training services; architectural design services; and information systems and communications, and rapid prototyping of technical solutions and products focused on support to intelligence and special warfare operations. SAIC, Inc. was formerly known as Science Applications, Inc. The company was founded in 1969 and is headquartered in McLean, Virginia.

Advisors' Opinion:
  • [By Rich Smith]

    The U.S. Department of Defense awarded nine new contracts on Monday worth some $1.121 billion in aggregate. While one single IT contract claimed the bulk of the awards, there were other, smaller winners as well. Here are a few of them:

  • [By John Udovich]

    In addition to recent news, there are a couple of upcoming events that is bound to gain Advanced Micro Devices, Inc (NYSE: AMD) some attention from investors and traders alike. I should note that Advanced Micro Devices is in our�SmallCap Network Elite Opportunity (SCN EO) portfolio as we believe its making progress in the transition away from the PC market, but�the performance of our position has been rather up and down recently (currently we are down about 2%). Nevertheless, there is still enough good news to keep us excited about the stock�� future performance. Just consider the following recent news:

    Upcoming AMD GPU ��4 Tech Day. On Wednesday, Advanced Micro Devices will unveil its next-generation graphics processing unit at the AMD GPU ��4 Tech Day event. Its not known whether�the company plans to unleash an all-new product family for 2014 or just�a flagship GPU due to arrive in Q4 2013. There will be�a real-time video webcast of the showcase available on the�Investor Relations home page here. Micro Server Pioneer Andrew Feldman is Interviewed. VentureBeat has interviewed Andrew Feldman who is one of the pioneers of micro servers after his�company, SeaMicro, used low-cost Intel Atom chips to create a category of servers with lots of processors in a single machine�and exceptionally low power consumption. Advanced Micro Devices bought SeaMicro early last year for $334 million in order to gain entry into the energy-efficient server market as well as�gain new insights into server customers. Feldman is now corporate vice president and general manager of AMD�� server group and the interview will give investors some insight into the company�� server business. Sony Expects to Sell 5 Million PlayStation 4s for the Holidays and Into the New Year. Bloomberg has recently reported that Sony Corp. expects the PlayStation 4�� lower price and wider variety of entertainment services to drive its forecast to sell 5 million units by the end of March.�
  • [By Rich Smith]

    By far the largest contract of the day was a massive $5.3 billion indefinite-delivery/indefinite-quantity, multiple-award contract issued to a mind-boggling 914 separate recipients simultaneously. Winners included everyone from subsidiaries of brand-name defense contractors such as AAR Corp (NYSE: AIR  ) and SAIC (NYSE: SAI  ) to lesser-known, federally defined small businesses such as "Wakelight Technologies" of Honolulu and "Electromagnetic Compatibility Management Concepts" of Sterling, Va.

  • [By Rich Smith]

    Just a day after awarding it a pair of contracts worth up to $174.2 million Thursday, the Department of Defense came back and awarded local defense contractor Science Applications International Corp (NYSE: SAI  ) two more contracts Friday

Top 5 Life Sciences Stocks To Watch For 2015: Kensey Nash Corporation(KNSY)

Kensey Nash Corporation, a medical device company, engages in the field of regenerative medicine products and technologies to help repair damaged or diseased tissues. The company involves in designing, developing, manufacturing, and processing proprietary medical devices, including resorbable biomaterial products, such as synthetic polymers and collagen. It provides various orthopaedic market products comprising soft tissue and bone fixation products for the fixation and repair of musculoskeletal tissues; and bone void fillers and scaffolds. The company also offers cardiovascular market products that include original Angio-Seal device, a vascular closure device; general surgery market products, which consist of ECM product, a porcine dermis surgical mesh used for abdominal wall reconstruction, breast reconstruction, and select head and neck plastic surgery repair, as well as manufactures resorbable carriers for the breast biopsy markers. In addition, it provides dental bar rier membranes and resorbable materials that are used in ophthalmology applications. The company sells its products through strategic partners in various medical markets, including cardiology, orthopaedic, sports medicine, spinal cranio-maxillofacial, trauma, and general surgery. Kensey Nash Corporation was founded in 1984 and is headquartered in Exton, Pennsylvania.

Top 5 Life Sciences Stocks To Watch For 2015: Grenville Gold Corporation (GVG.V)

Grenville Gold Corp., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties primarily in Peru. It principally explores for silver, gold, copper, zinc, and lead deposits. The company�s primary projects include the Silveria property comprising 6,122 hectares located in the San Mateo Mining District, Province of Huarochiri, Department of Lima, Peru; and the Espanola/Rosa Maria property covering 7,129 hectares parcel of land located to the southeast of the city of Lima in the province of Canete, Peru. Grenville Gold Corp. was incorporated in 1994 and is headquartered in Surrey, Canada.

Top 5 Life Sciences Stocks To Watch For 2015: Rockwell Collins Inc (COL)

Rockwell Collins, Inc. (Rockwell Collins), incorporated on March 1, 2001, is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide. The Company�� products and systems are primarily focused on aviation applications, The integrated system solutions and products it provide to its served markets include communications, navigation, automated flight control, displays/surveillance, simulation and training, integrated electronics and information management systems. The Company also provides a range of services and support to its customers through a network of service centers, including equipment repair and overhaul, service parts, field service engineering, training, technical information services and aftermarket used equipment sales. The Company operates in two segments: Government Systems and Commercial Systems.

Government Systems

The Company�� Government Systems business provides a range of electronic products, systems and services to customers, including the United States Department of Defense, other ministries of defense, other government agencies and defense contractors around the world. These products, systems and services support airborne, precision weapon, ground and maritime applications and are used in line-fit applications on new equipment, as well as in retrofit and upgrade applications designed. The Company�� defense-related systems, products and services include communications systems and products designed to enable the transmission of information across the communications spectrum, including satellite communications; navigation products and systems, including radio navigation products, global positioning system (GPS) equipment, handheld navigation devices and multi-mode receivers; avionics sub-systems for aircraft flight decks that combine flight operations with navigation and guidance functions that can include flight controls and displays, information/data processing and communicat! ions, navigation, safety and surveillance systems; cockpit display products, including multipurpose flat panel head-down displays, wide field of view head-up and helmet-mounted displays; simulation and training systems, including visual system products, training systems and services, and maintenance, repair, parts and after-sales support services.

Avionics consists of electronic solutions for a range of airborne platforms, including fixed and rotary wing aircraft, unmanned aerial vehicles (UAVs) and the associated aircrew and maintenance training devices and services. The Company provides complete avionics solutions (including cockpit avionics, mission system applications and system integration) and also provides individual avionics products to platform integrators. The Company serves various roles within these markets, including system and subsystems integrator, as well as provider of various electronic products. Communication products include spectrum voice and data connectivity for government and military use in the air, on the ground and at sea. Surface solutions include electronic systems applied to a variety of non-airborne market segments.

Commercial Systems

The Company�� Commercial Systems business supplies aviation electronics systems, products and services to customers located throughout the world. The customer base is consists of original equipment manufacturers (OEMs) of commercial air transport, business and regional aircraft, commercial airlines and business aircraft operators. The Company�� systems and products are used in both OEM applications, as well as in retrofit and upgrade applications designed.

The Company�� commercial aviation electronics systems, products and services include integrated avionics systems, such as Pro Line Fusion. Capabilities include synthetic and enhanced vision enabled flight displays, advanced flight and performance management systems, fly-by-wire integrated flight controls and information management! solution! s to improve operational efficiency; integrated cabin electronics systems, including cabin management systems, passenger connectivity and entertainment solutions, business support systems to improve passenger productivity and passenger flight information systems; communications systems and products, such as data link, high frequency, very high frequency and satellite communications systems; navigation systems and products, including landing sensors to enable automatic landings, radio navigation and geophysical sensors, as well as flight management systems; situational awareness and surveillance systems and products, such as synthetic and enhanced vision systems, surface surveillance and guidance solutions, head-up guidance systems, weather radar and collision avoidance systems; integrated information management solutions to improve the overall efficiency of flight, maintenance and cabin operations. These include on-board information management systems and connectivity solutions, airborne and ground applications and services, and ground infrastructure and services; electro-mechanical systems, including integrated pilot control solutions and primary and secondary actuation systems; simulation and training systems, including full-flight simulators for crew training, visual system products, training systems and engineering services, and maintenance, repair, parts, after-sales support services and aftermarket used equipment.

Air transport aviation electronics include avionics, cabin systems and flight control systems for commercial transport aircraft platforms. Business and regional aviation electronics include integrated avionics, cabin management and flight control systems for application on regional and business aircraft platforms. The Company develops integrated avionics, cabin and flight control solutions for business and regional aircraft OEMs and support them with the integration into other aircraft systems. Products offered for OEM applications in the business and regional aircraft cate! gory are ! marketed directly to the aircraft OEMs.

The Company competes with Honeywell International, Inc., Thales S.A., Panasonic, Raytheon Co., Harris Corp., BAE Systems Aerospace, Inc., General Dynamics Corporation, L3 Communications, Inc., The Boeing Company, Northrop Grumman Corp., CAE Inc., General Electric Co. and Garmin International Inc.

Advisors' Opinion:
  • [By Rich Smith]

    The Department of Defense awarded Rockwell Collins (NYSE: COL  ) a sizable "foreign military sales contract" on Monday.

    Rockwell will upgrade a total of three Boeing (NYSE: BA  ) KC-135R aerial refueling tankers for the French Air Force under a $44.5 million firm-fixed-price contract, installing the KC-135 Global Air Traffic Management Block 40 Upgrade for the airplanes. Work on the contract will be completed by Nov. 10, 2015.

  • [By Rich Smith]

    The configuration described in DSCA's notification to Congress does not appear to be configured for ground attack, however. According to the notice, the French drones would be powered by Honeywell (NYSE: HON  ) turboprop engines, be equipped with Raytheon's (NYSE: RTN  ) AN/DAS-1 Multi-Spectral Targeting Systems and AN/APX-119 (or KIV-119) international friend-or-foe transponders, and also ARC-210 radio systems from Rockwell Collins (NYSE: COL  ) , but no mention is made of any munitions, or pylons for attaching them to the planes, being sold to France.

  • [By Ben Levisohn]

    Shares of Rockwell Collins (COL) have rebounded today after selling off yesterday on news that it would make a billion dollar acquisition.


    Yesterday, Rockwell Collins said it would purchase Arinc from the Carlyle Group for $1.4 billion, as the U.S. defense company seeks to bolster its air communications business. Rockwell’s stock fell 1.5% yesterday on the news.

    Sterne Agee, however, came out in support of the deal today. Analysts Peter Arment and Josh Sullivan note that the deal, while expensive, will go a long way towards boosting the company’s aerospace business in the years to come. They write:

    The purchase price of $1.4 billion results in an estimated transaction multiple of ~12x-13x 2013 EBITDA, which is at the very high end of the range of transaction multiples for aerospace M&A deals. However, the scarcity value of the type of business of ARINC coupled with the growing theme of connectivity in aviation warrants a more strategic valuation…

    With an improving outlook with aerospace profits becoming 60% of the mix by FY15 vs. 50% today, COL can return to supporting a higher valuation.

    The analysts are such big fans of the deal, that they raised Rockwell Collins to a Buy from Neutral.

    The credit rating firms are not so thrilled by the deal, which will be financed entirely with debt. Yesterday, Moody’s and Standard & Poor’s both said they would reevaluate their debt ratings for Rockwell Collins, and this morning� Fitch followed suit by placing it on watch for a downgrade. Fitch said:

    Fitch’s primary credit concern is the timing of COL’s return to stronger metrics, including the risk of sequestration and of a weaker economy that could constrain the company’s earnings and cash flow and slow a reduction in leverage. This concern is mitigated by COL’s solid margins and strong cash flow generation which were typically deployed towards share repurc

Top 5 Life Sciences Stocks To Watch For 2015: Compass Gold Corporation (CVB.V)

Compass Gold Corporation, an exploration stage company, focuses on gold exploration in Africa. It holds an option to acquire an indirect 51% working interest in 4 gold exploration permits, including the Yanfolia license covering 250 square kilometres in south Mali; the Dandoko license covering an area of 134 square kilometres located in west Mali; the Kolondieba permit covering 250 square kilometres in south Mali; and the Solabougouda license covering an area of 250 square kilometres in south Mali. The company, formerly known as Nordic Gold Corporation, is based in Vancouver, Canada.

Top 5 Life Sciences Stocks To Watch For 2015: William Hill(WMH.L)

William Hill PLC, together with its subsidiaries, provides gaming and betting services across online, on the high street, and on the phone channels primarily in the United Kingdom. It operates licensed betting offices (LBOs), which combine over-the-counter (OTC) sports-betting and gaming machines that enable customers to bet on sporting and other events. The company also operates and a series of other gaming Web sites that provide sports betting, casino games, poker, bingo, skills games, financial betting, in-play betting, and other gaming products; and call centers in Leeds and Sheffield, which offer telephone betting services, including telephone bet capture positions, SMS text betting, and live commentary services. In addition, William Hill provides on-course betting services; and owns and operates two greyhound stadia in Sunderland and Newcastle. As of June 21, 2011, it operated approximately 2,300 betting shops in Ireland and Britain. The company was f ounded in 1934 and is based in London, the United Kingdom.

Top 5 Life Sciences Stocks To Watch For 2015: Lithium Americas Corp (LAC.TO)

Lithium Americas Corp. engages in the exploration and evaluation of lithium, potassium, and other mineral resources in South America. Its principal property includes the Cauchari‐Olaroz Lithium Project covering an area of approximately 82,500 hectares in adjacent Cauchari and Olaroz salt lakes located in Jujuy, Argentina. The company was incorporated in 2009 and is headquartered in Toronto, Canada.

Top 5 Life Sciences Stocks To Watch For 2015: QLogic Corporation(QLGC)

QLogic Corporation engages in the design and supply of storage networking, high performance computing networking, and converged networking infrastructure solutions. It offers various host products, including fiber channel and Internet small computer systems interface (iSCSI) host bus adapters; fiber channel over Ethernet (FCoE) converged network adapters; and intelligent Ethernet adapters. The company also provides network products, which consist of fiber channel switches, including stackable edge switches, bladed switches, virtualized pass-through modules, and high-port count modular-chassis switches; Ethernet pass-through modules; and storage routers for bridging fiber Channel, FCoE, and iSCSI networks, as well as for migrating data between storage devices. In addition, it offers silicon products comprising fiber channel, iSCSI, converged network, and Ethernet controllers. Further, the company involves in the design and development of application-specific integrated circ uits, adapters, and switches based on fiber channel, iSCSI, FCoE, and Ethernet technologies. Its products are used in server, workstation, and storage subsystem solutions that are used by small, medium, and large enterprises with various business data requirements. The company sells its products to original equipment manufacturers and distributors worldwide. QLogic Corporation was founded in 1992 and is headquartered in Aliso Viejo, California.

Advisors' Opinion:
  • [By Sean Williams]

    Also in the news ...
    Let's not sugarcoat this one iota: It was a really busy week for earnings news, with network equipment maker QLogic (NASDAQ: QLGC  ) , printing and IT specialist Xerox (NYSE: XRX  ) , and telecommunication services provider Orange (NYSE: ORAN  ) all reporting results.

  • [By Eric Volkman]

    In turn, it bumps QLogic (NASDAQ: QLGC  ) from that index to the S&P SmallCap 600. Finally, QLogic's shift completely displaces Coldwater Creek (NASDAQ: CWTR  ) , which will no longer be on the S&P SmallCap 600.

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