QLogic Acquires Firm, Will Take Write-Off

QLogic Corp., which makes integrated circuits and adapter boards for computers, said Monday that it has acquired a Florida company for $7.5 million cash, and will record an unspecified write-off related to the purchase.

The Costa Mesa company bought Borg Adaptive Technologies Inc. from NStor Technologies Inc. in West Palm Beach.

QLogic said in a press release that it will take the write-off in its fourth quarter and that the write-off will have a material effect on its quarterly results. QLogic earned $8.54 million, or 45 cents a diluted share, in the previous year’s fourth quarter.

The company’s announcement didn’t dampen Wall Street’s desire for the stock. The price rose $18.81 a share Monday to close at $166.50.