Emulex

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Emulex Corporation
TypeSubsidiary of Broadcom Limited
Formerly NYSE: ELX
IndustryTechnology
Founded1978; 45 years ago (1978)
Defunct2015; 8 years ago (2015)
Headquarters
Costa Mesa, California
,

United States
Key people
Bruce C. Edwards
(Executive chairman)
Jeff Benck (CEO)
RevenueIncrease US$478.60 million (2013)[1]
Decrease −US$5.21 million (2013)[1]
Total equityUS$761.8 million (2009)[2]
Number of employees
More than 1200 (2013)[3]
Websitewww.Avagotech.com

Emulex Corporation[4] is a provider of computer network connectivity, monitoring and management hardware and software. The company's I/O connectivity offerings, including its line of Ethernet and Fibre Channel-based connectivity products, are or were used in server and storage products from OEMs, including Cisco, Dell, EMC Corporation, Fujitsu, Hitachi, HP, Huawei, IBM, NetApp, and Oracle Corporation.

History[edit]

1979–1999[edit]

Emulex was founded in 1979 by Fred B. Cox "as a supplier of data storage products and data communications equipment for the computer industry."[5] By 1983, Emulex was able to advertise its products as if it were grocery items: a 2-page spread headlined "One stop shopping for VAX users? Emulex, of course" showed 3 paper bags, each with the Emulex name and logo and each holding a large computer board. One bag also said, "Disk Controllers" while the second bag said, "Communication Controllers;" the third said "Tape Controllers."[6]

In 1992, Emulex spun off what became QLogic.[7]

Much of Emulex's early market was for Digital Equipment Corporation's VAX and PDP-11 systems.[8] Computer History Museum's collections include an Emulex disk drive.[9]

2000 to present[edit]

Headquartered in Costa Mesa, California, Emulex employed more than 1,200 people in 2013. In 2000, Emulex acquired Giganet for $645 million,[10] and in 2013, it acquired Endace, based in New Zealand. On April 21, 2009, Broadcom made a proposal to the Emulex board of directors to buy all existing shares of Emulex for $764 million, or $9.25 per share, a 40% premium over the stock's closing price on April 20, 2009.[11][12] After Emulex's board of directors recommended against the sale, Broadcom increased their offer to $11 per share on June 30, which valued the company at $925 million.[13] On July 9, 2009, it too was rejected[14] Broadcom subsequently withdrew its offer.[15]

In February 2015, Avago Technologies Limited announced it would acquire Emulex for $8 per share, in cash.[16] Avago, a spinoff of Hewlett Packard, merged with Broadcom in May of that year.[17][18] Avago assumed the Broadcom name.[16][19]

See also[edit]

References[edit]

  1. ^ a b "Form 10-K". Emulex Inc., United States Securities and Exchange Commission. August 20, 2008. Retrieved May 16, 2018. For the fiscal year ended: July 29, 2008
  2. ^ ELX: Key Statistics for Emulex INC – Yahoo! Finance
  3. ^ "Corporate Fact Sheet" (PDF). June 3, 2008. p. 1. Retrieved February 22, 2009.
  4. ^ "Emulex Corporation". New York Times.
  5. ^ Cristina Lee (June 30, 1990). "Emulex Corp. Founder to Give Up His Job as Firm's Chief Executive". Los Angeles Times.
  6. ^ "One stop shopping for VAX users? Emulex, of course". The DEC Professional. November 1983. pp. 36–37.
  7. ^ Andrew Pollack (July 5, 1999). "In Data Linkage, It's Spinoff vs. Parent". New York Times.
  8. ^ B. Kridle (July 27, 1983). "Performance Effects of Disk Subsystem Choices for VAX Systems" (PDF). Emulex's entry into the VAX 11/780 SBI controller field ...
  9. ^ EMULEX disc drive.
  10. ^ "Emulex Acquires Giganet for $645 million". EE Times.
  11. ^ "Broadcom Makes $764 Million Hostile Bid for Emulex". New York Times. April 22, 2009.
  12. ^ "Newsroom". www.broadcom.com. Retrieved June 9, 2021.
  13. ^ "Broadcom (BRCM) Raises Offer for Emulex (ELX) to $11".
  14. ^ "Emulex Board Unanimously Rejects Broadcom's $11.00 Per Share Offer".
  15. ^ "Broadcom Drops Takeover Bid for Emulex".
  16. ^ a b "Avago Financial News 2015-02-25".
  17. ^ Michael J. de la Merced; Chad Bray (May 28, 2015). "Avago Agrees to Buy Broadcom for $37 Billion". New York Times. Avago ... born as a component division of Hewlett-Packard
  18. ^ Mukherjee, Liana B. Baker, Supantha (May 29, 2015). "Avago to buy Broadcom for $37 billion in biggest-ever chip deal". Reuters. Retrieved April 7, 2021.{{cite news}}: CS1 maint: multiple names: authors list (link)
  19. ^ avagotech.com redirects to broadcom.com

External links[edit]

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