August 5, 2000 |
Emulex Corp. shares surged 43% Friday, a day after the Costa Mesa company reported fiscal fourth-quarter sales and profit that exceeded analysts' forecasts. Emulex, which makes computer cards that speed data transmission, rocketed $20.38 to $67.94 a share in Nasdaq trading, adding about $736 million in market value. The shares were still far below the record $225.50 reached March 27.
February 13, 2001 |
Leaving no corner of the technology sector immune from investor wrath, Wall Street pummeled storage networking companies Monday after Emulex Corp. warned that orders being deferred could lead to flat sales growth for the first three months. Shares of Emulex, the market leader in fiber channel storage networking products, hemorrhaged nearly half their value, falling $37.13, to close at $40.38 in Nasdaq trading Monday. The 48% plunge was the largest drop Emulex has seen since a stock hoax Aug.