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BUSINESS
July 10, 2009 | Martin Zimmerman and Alex Pham
The bitter takeover battle between two Southern California technology companies ended Thursday when Broadcom Corp. said it was abandoning its $912-million hostile bid for Emulex Corp. -- at least for now. Broadcom Chief Executive Scott A. McGregor, who only two weeks ago sweetened his offer by 20%, said the Irvine network chip maker will now pursue "other value-creating alternatives."
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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
September 22, 2000
Emulex Corp., the Costa Mesa maker of high-speed data storage products, said it has opened an engineering design center in Longmont, Colo. The new facility houses an independent engineering team including software and hardware, as well as a staff for testing and quality assurance programs, the company said.
BUSINESS
March 2, 2001 | Dow Jones
Emulex Corp., a Costa Mesa storage networking company, said Thursday it has completed its acquisition of Giganet Inc. for stock worth about $247.6 million, based on Thursday's closing price. Emulex said in a news release that 800,000 shares of the total amount issued or reserved for issuance will be held in escrow under terms of the agreement with the San Jose developer of Internet-based storage networking equipment. Emulex stock gained 14 cents Thursday to close at $30.95 a share on Nasdaq.
BUSINESS
January 30, 1990
Kenneth Davis has joined Costa Mesa-based Emulex Corp. as president and general manager of its new Emulex Micro Devices division. Davis is the former assistant vice president, worldwide marketing and sales for NCR Corp.'s microelectronics division. Before joining NCR in 1985, Davis had been vice president of marketing and sales for Integrated Logic Systems Inc. He previously held management positions in engineering and marketing with Computer Automation, ITT Semiconductors, Mostek Corp.
BUSINESS
August 3, 1999 | Jonathan Gaw
Costa Mesa-based Emulex Corp. will split its stock at the end of this month, the company announced Monday, shortly after rival and neighbor QLogic Corp. put its stock split into effect. Emulex, which develops high-speed computer networking products, has seen its stock rise 170% this year. It closed Monday at $108, down $4.63 a share. The 2-for-1 split is payable Aug. 30 to shareholders of record Aug. 16, the company said. The company will double its shares outstanding to 17 million.
BUSINESS
May 5, 1987
Costa Mesa-based Emulex Corp. said Monday it will begin repurchasing as much as 15%, or 2 million shares, of its outstanding common stock because of its current "depressed value." The price of the computer parts manufacturer's stock in over-the-counter trading has declined over the last two years as the company has fought a legal battle with Digital Equipment Corp., a Costa Mesa competitor, over trade secrets and patent infringement, said Michael J. Lewis, Emulex's chief financial officer.
BUSINESS
August 6, 1999 | Jonathan Gaw
Handily beating Wall Street analysts' expectations, Costa Mesa-based Emulex Corp. on Thursday said it earned $3 million, or 39 cents a share, in the fiscal fourth quarter, compared with $200,000, or 3 cents a share, in the same period last year. Emulex, which develops high-speed computer networking products, had been expected to earn 29 cents a share, according to a survey of analysts by First Call Corp. Sales for the three months ended June 27 increased 46% to $20.5 million.
BUSINESS
January 21, 2000
Handily surpassing analysts' expectations, Costa Mesa-based Emulex Corp. on Thursday posted a spectacular gain in net income for the fiscal second quarter as revenue more than doubled. The company, which develops high-speed computer networking products, said net income for the three months ended Dec. 26 climbed to $8.8 million, or 23 cents a share, from $440,000, or 2 cents a share, a year earlier. Analysts had estimated earnings of 13 to 14 cents a share.
BUSINESS
July 9, 1985 | BRUCE HOROVITZ, Times Staff Writer
Emulex Corp.'s most crucial business link, Digital Equipment Corp., has filed suit against the Costa Mesa-based company claiming patent infringement. The suit, filed Friday in U.S. District Court in New Hampshire, seeks an injunction against Emulex's marketing and selling of disk controllers--devices that allow computers to "talk" to one another--compatible with certain Digital computer systems.
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