The Best And Worst Tech Stocks Of 2013 (So Far)


QLogic

Interim CEO: Jean Hu

Dec. 31, 2012: $9.73
June 28, 2013: $9.56
Change: -1.7%

It's been a rough spring for QLogic. In early May the developer of network infrastructure technology reported that sales in its fiscal year ended March 31 plunged 13 percent to $485 million.

A couple of weeks later the company announced that president and CEO Simon Biddiscombe had resigned with CFO Jean Hu taking over as interim CEO. And in early June it implemented a restructuring plan that included layoffs, the consolidation of several engineering activities, and what it called an "enhanced product development focus."

 



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