Emulex

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Emulex Corporation
Company type
Public
NYSE: ELX
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FateAcquired by Avago Technologies
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Headquarters
Costa Mesa, California
,

United States
Key people
Bruce C. Edwards
(Executive chairman)
Jeff Benck (CEO)
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Total equityUS$761.8 million (2009)[1]
Number of employees
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Emulex Corporation[4] was an American computer hardware company active from 1978 to 2015. The company was 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. In 2015, the company was acquired by Avago Technologies.

History

1979–1999

Emulex was founded in 1978[5] by Fred B. Cox "as a supplier of data storage products and data communications equipment for the computer industry."[6] 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".[7]

Much of Emulex's early market was for Digital Equipment Corporation's VAX and PDP-11 systems.[8] The company's Performance series was a line of terminal servers. The Performance 4000 (P4000), released in August 1988, was the first third-party terminal server compatible with DEC's Local Area Transport protocol.[9][10] The P4000 had a fixed 16-port configuration and was housed in a plastic shell with an LCD status screen.[9]

In 1992, Emulex spun off their disk controller business into QLogic.[11]

2000 to present

Headquartered in Costa Mesa, California, Emulex employed more than 1,200 people in 2013. In 2000, Emulex acquired Giganet for $645 million,[12] 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.[13][14] After Emulex's board of directors recommended against the sale, Broadcom increased its offer to $11 per share on June 30, which valued the company at $925 million.[15] On July 9, 2009, it too was rejected[16] Broadcom subsequently withdrew its offer.[17]

In February 2015, Avago Technologies Limited announced it would acquire Emulex for $8 per share, in cash.[18] Avago, a spinoff of Hewlett Packard, merged with Broadcom in May of that year.[19][20] Avago assumed the Broadcom name.[18][21]

See also

References

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  1. ^ ELX: Key Statistics for Emulex INC – Yahoo! Finance
  2. ^ a b Page Module:Citation/CS1/styles.css has no content."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
  3. ^ Page Module:Citation/CS1/styles.css has no content."Corporate Fact Sheet" (PDF). June 3, 2008. p. 1. Retrieved February 22, 2009.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Emulex Corporation". New York Times.
  5. ^ Page Module:Citation/CS1/styles.css has no content.Ryan, Alan J. (September 7, 1987). "Emulex wants out of DEC bind". Computerworld. XXI (36). IDG Publications: 91, 96 – via Google Books.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Lee, Christina (June 30, 1990). "Emulex Corp. Founder to Give Up His Job as Firm's Chief Executive". Los Angeles Times.
  7. ^ Page Module:Citation/CS1/styles.css has no content."One stop shopping for VAX users? Emulex, of course". The DEC Professional. November 1983. pp. 36–37.
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  9. ^ a b Cite error: The named reference ref2 was invoked but never defined (see the help page).
  10. ^ Cite error: The named reference ref3 was invoked but never defined (see the help page).
  11. ^ Page Module:Citation/CS1/styles.css has no content.Pollack, Andrew (July 5, 1999). "In Data Linkage, It's Spinoff vs. Parent". New York Times.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Emulex Acquires Giganet for $645 million". EE Times.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Broadcom Makes $764 Million Hostile Bid for Emulex". New York Times. April 22, 2009.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Newsroom". www.broadcom.com. Retrieved June 9, 2021.
  15. ^ Page Module:Citation/CS1/styles.css has no content."Broadcom (BRCM) Raises Offer for Emulex (ELX) to $11".
  16. ^ Page Module:Citation/CS1/styles.css has no content."Emulex Board Unanimously Rejects Broadcom's $11.00 Per Share Offer".
  17. ^ Page Module:Citation/CS1/styles.css has no content."Broadcom Drops Takeover Bid for Emulex".[dead link]
  18. ^ a b Page Module:Citation/CS1/styles.css has no content."Avago Financial News 2015-02-25".
  19. ^ Page Module:Citation/CS1/styles.css has no content.de la Merced, Michael J.; Bray, Chad (May 28, 2015). "Avago Agrees to Buy Broadcom for $37 Billion". New York Times. Avago ... born as a component division of Hewlett-Packard
  20. ^ Page Module:Citation/CS1/styles.css has no content.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.
  21. ^ avagotech.com redirects to broadcom.com
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