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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Shareholders of Emulex Approve 2-for-1 Stock Split

Following the action, the company will have 74 million shares outstanding.

November 17, 2000|Dow Jones

Emulex Corp. a Costa Mesa maker of fiber-channel and software products that speed the transfer of data between computers and storage systems, said Thursday that shareholders approved a 2-for-1 stock split, payable Dec. 15 to shareholders of record Nov. 30.

The company said in a news release that after the split, it will have about 74 million shares outstanding. Twice before, the shares were split 2 for 1, first on Aug. 30, 1999, and then Nov. 18, 1999.

Emulex stock, joining the downturn in the tech industry Thursday, lost $3.75 to close at $155.75 a share on Nasdaq.

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