This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

QLogic's CEO Presents At JPMorgan TMT Conference Call (Transcript)

Stocks in this article: QLGC

QLogic Corporation (QGLC)

JPMorgan TMT Conference Call

May 16, 2012 11:20 am ET


Simon Biddiscombe - President and CEO

Jean Hu - SVP and CFO


Mark Moskowitz - JPMorgan


Mark Moskowitz - JPMorgan

Good morning everyone. My name is Mark Moskowitz. I’m the IT hardware analyst here at JPMorgan. And we are pleased to have with us today QLogic. We have both the CEO and CFO. So, Simon and Jean, thanks for coming. I appreciate it.

Simon Biddiscombe

My pleasure.

Mark Moskowitz - JPMorgan

What we'll do is start out with about 15 minutes or so of questions from me and then this event is really for the investor audience. So, we will open up the last 15 minutes or 20 minutes to investors. So, please be comfortable asking your questions. We do ask you to step up to the mike so the webcast listeners can also hear what you are asking.

But for now, I will kick it off here. So, Simon kind of a loaded question, but I think pretty topical point right now just given some of the anxiety across the tech investor base and beyond with respect to enterprise spending. My question is kind of loaded so just spare with me, but our JPMorgan CIO Survey recently suggests that offshore services companies, printing companies, networking and communications equipment companies were going to have a much tougher growth prospects relative to software-as-a-service, software application companies, storage, server virtualization type companies. And this past five or six weeks of earnings have really confirmed those survey results, most notably with Cisco disappointed recently. So, I want to get from your vantage point, when Cisco is taking about enterprise spending is that maybe just relative to their end-market exposure that they are not really exposed to the faster growing or maybe sturdier growth markets today, whereas maybe 10 years ago they were?

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs