Advertisement
YOU ARE HERE: LAT HomeCollectionsEmulex Corp
IN THE NEWS

Emulex Corp

FEATURED ARTICLES
BUSINESS
August 26, 1991 | Researched by DALLAS M. JACKSON / Los Angeles Times
Nature of Business: A designer, manufacturer and marketer of high-performance computer storage and networking products and integrated circuits.. Employees Total: 870 Orange County: 540 Stock Designation: Listed on NASDAQ "Emulex" Ticker Symbol: "EMLX" Friday's Stock Close: $8.50 Change: -$0.13 Analyst review: "Emulex has introduced a number of new products that brighten the outlook for continued earnings momentum. It has always had a strong balance sheet.
ARTICLES BY DATE
BUSINESS
July 28, 2013 | By Ronald D. White
Emulex Corp. in Costa Mesa designs and makes chips that help data move faster through computer servers and storage networks. The company's Ethernet and Fibre Channel products have been built into the server and storage products of such well-known companies as Dell Inc., Intel Corp., Cisco Systems Inc., Hewlett-Packard Co., Oracle Corp. and IBM Corp. Fibre Channel is a rival networking standard to Ethernet for transmitting data between computer devices. The company, founded in 1979, said in its fiscal third-quarter financial report that its products can be found somewhere in the data centers "of nearly all of the Fortune 1000" companies.
Advertisement
BUSINESS
April 20, 1993 | ANNE MICHAUD, TIMES STAFF WRITER
Computer peripherals maker Emulex Corp. announced Monday that it has hired Paul F. Folino to head one of its divisions. He is the former president and chief operating officer of Austin, Tex.-based Thomas-Conrad Corp., which makes products to connect networks of personal computers to allow them to communicate with each other. Folino, a 20-year industry veteran, was selected as president and chief executive of Emulex's network systems division.
BUSINESS
June 30, 2009 | Alex Pham
Broadcom Corp. on Monday sweetened its offer to buy crosstown rival Emulex Corp. nearly 20% to $912 million, from its original bid of $764 million. "This is the best offer Broadcom intends to make," Scott McGregor, chief executive of the Irvine chip maker, wrote in a letter to Emulex Chairman Paul Folino. McGregor noted that his latest offer for $11 a share in cash represents a 66% premium over Emulex's closing stock price of $6.61 on April 20, the day before Broadcom announced its bid.
BUSINESS
March 9, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
In a surprise move, Robert N. Stephens has resigned his positions as top executive and a director of Emulex Corp., the manufacturer of computer products said Monday. Stephens has not been replaced, and a management committee will take responsibility for running the corporation as it searches for a successor, said Robert L. Corey, chief financial officer.
BUSINESS
March 7, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
In a boardroom shake-up, Emulex Corp. said Tuesday that three of its five directors have resigned voluntarily. The computer products company named replacements for two of the positions, with a third director to be named later. Marshall A. Petersen, senior vice president for finance and administration, said Emulex wants "to get a very active board that participates in our industry and to get a board that has a totally outside membership."
BUSINESS
October 9, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
Emulex Corp. said Tuesday that it has filed a countersuit against Digital Equipment Corp., alleging that the Massachusetts computer company is engaging in unfair business practices to monopolize a segment of the computer storage industry. The suit, filed Monday in U.S. District Court in Santa Ana, is a response to a patent infringement lawsuit filed in August by Maynard, Mass.-based Digital against Emulex, a Costa Mesa maker of disk drives and other computer parts.
BUSINESS
July 19, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
If there was any doubt that Emulex Corp. is in transition, it was made clear when company co-founder Fred B. Cox said he would surrender his title as chief executive officer in a surprise announcement two weeks ago. But whether the changes will bring the decade-old maker of computer peripherals consistently higher earnings or a fizzling financial performance is another question.
BUSINESS
August 9, 2001
* Emulex Corp. shares fell 9% after the Costa Mesa computer circuit-card maker posted a fourth-quarter loss and cut its first-quarter sales and profit forecasts because of sluggish demand. Emulex shares, which have lost 71% of their value this year, declined $2.33 to close at $23.36 on Nasdaq.
BUSINESS
June 19, 1996
Emulex Corp. signed an exclusive three-year agreement to supply International Business Machines Corp. with its network interface card for a new series of workgroup IBM printers. A spokesman for Emulex could not put a value on the contract, saying it would depend on how well IBM's printers sell.
BUSINESS
June 4, 2009 | TIMES WIRE REPORTS
Broadcom Corp. again urged Emulex Corp. shareholders to approve a meeting to discuss Broadcom's takeover bid. Broadcom Chief Executive Scott A. McGregor said the Irvine computer chip company's proposal "would give Emulex stockholders the ability to be heard in the most important matters affecting their investment." Costa Mesa-based Emulex, which makes network equipment, has asked a Superior Court judge to block Broadcom's hostile bid.
BUSINESS
January 26, 2007 | Ashley Surdin, Times Staff Writer
Emulex Corp., a Costa Mesa-based computer equipment manufacturer, said Thursday that it had a $10.1-million loss in its latest quarter because of higher expenses and charges related to an acquisition. Chief Executive Jim McCluney said the one-time charges were a minor pothole on the path toward broadening Emulex's products, which help computers communicate with one another and manage and store data. "Our second-quarter results were the highest revenues we've ever achieved," McCluney said.
BUSINESS
September 6, 2006 | From Bloomberg News
Emulex Corp., which makes hardware components that help computers store data, said President James McCluney was replacing Chief Executive Paul Folino, who would become chairman. Folino has been CEO since 1993, Costa Mesa-based Emulex said. McCluney joined Emulex as president in 2003 after serving as CEO of Vixel Corp.
BUSINESS
August 30, 2006 | From Bloomberg News
Emulex Corp., which makes hardware components that help computers store data, agreed to buy Sierra Logic Inc. for $180 million to offer a broader selection of routers to clients. The price includes cash, assumed debt and staff-related compensation costs, Costa Mesa-based Emulex said. Roseville, Calif.-based Sierra Logic has about 70 employees.
BUSINESS
August 11, 2006 | Jerry Hirsch
Emulex Corp. said earnings for its fiscal fourth quarter, ended July 2, fell 50% to $12.7 million, or 14 cents a share, from $25.3 million, or 28 cents, in the same period last year. The Costa Mesa maker of devices for storage networks said revenue fell 9% to $98.9 million. -- Jerry Hirsch
BUSINESS
August 12, 2005 | From Associated Press
Emulex Corp. moved to a profit in its fiscal fourth quarter as the company's results surpassed expectations on stronger sales for its adapters used to link data storage networks. The Costa Mesa maker of storage networking infrastructure products said net income rose to $25.3 million, or 28 cents a share, contrasted with a loss of $572.9 million, or $6.97, a year earlier. Excluding certain items, the company earned $26.6 million, or 30 cents a share, in the period ended July 3.
BUSINESS
May 31, 1996
Emulex Corp. signed an agreement with Tokyo Electron Ltd. to market and distribute Emulex's Fibre Channel, a high-speed local communications network, in Japan. An Emulex spokesman said the agreement is for one year, with an option to renew.
BUSINESS
August 10, 2002 | From Reuters
Shares of data storage equipment maker Emulex Corp. lost more than a third of their value Friday and pulled down the storage sector after the company said it expected weaker full-year sales than Wall Street had expected. After an early trading delay, Emulex shares plunged, closing down $8.34at $15.27 on the New York Stock Exchange. Merrill Lynch storage analyst John Roy said he did not think the company's guidance was terrible news, but he noted, "People are looking for bad news."
Los Angeles Times Articles
|