UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                Date of Report (Date of earliest event reported)

                                  May 15, 2007


                              QUALSTAR CORPORATION
             (Exact name of registrant as specified in its charter)

         California                 000-30083                   95-3927330
(State or other jurisdiction  (Commission File Number)        (IRS Employer
     of incorporation)                                      Identification No.)


 3990-B Heritage Oak Court, Simi Valley, CA                93063
  (Address of principal executive offices)               (Zip Code)

       Registrant's telephone number, including area code: (805) 583-7744

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

                             Exhibit Index on page 3



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Item 2.02  Results of Operations and Financial Condition.

         On May 15, 2007, Qualstar Corporation issued a press release regarding
results of operations and financial condition for the fiscal second quarter
ended March 31, 2007. A copy of this press release is being furnished as Exhibit
99.1 to this Current Report on Form 8-K.

         In accordance with General Instruction B.2 of Form 8-K, the information
in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or
otherwise subject to the liability of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01  Financial Statements and Exhibits.

(d)    Exhibits.

 Exhibit Number                      Description

     99.1        Press release of Qualstar Corporation dated May 15, 2007.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    QUALSTAR CORPORATION



May 15, 2007                        By:   /s/ Andrew Farina
                                         -------------------------------
                                             Andrew Farina
                                             Vice President & CFO








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                                  EXHIBIT INDEX


      Exhibit Number                        Description

          99.1         Press release of Qualstar Corporation dated May 15, 2007.
















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