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Emulex

From Wikipedia, the free encyclopedia
Computer peripherals manufacturer

Emulex Corporation
Former headquarters inCosta Mesa, California
Company typePublic
NYSEELX
IndustryTechnology
Founded1978; 48 years ago (1978)
Defunct2015; 11 years ago (2015)
FateAcquired byAvago Technologies
Headquarters,
Key people
Bruce C. Edwards
(Executive chairman)
Jeff Benck(CEO)
RevenueIncreaseUS$478.60 million (2013)[1]
DecreaseUS$5.21 million (2013)[1]
Total equityUS$761.8 million (2009)[2]
Number of employees
More than 1200 (2013)[3]
Websiteemulex.com at theWayback Machine (archived 2014-12-26)

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 ofEthernet andFibre Channel-based connectivity products, are or were used in server and storage products from OEMs, includingCisco,Dell,EMC Corporation,Fujitsu,Hitachi,HP,Huawei,IBM,NetApp, andOracle Corporation. In 2015, the company was acquired byAvago Technologies.

History

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1979–1999

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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 forDigital Equipment Corporation'sVAX andPDP-11 systems.[8] One of the company's most successful products early on was the Performance series of low-cost, low-profileterminal servers. The inaugural Performance 4000 (P4000), released in August 1988, was the first third-party terminal server compatible withDEC'sLocal Area Transport protocol.[9][10] As one of the industry's first compact design terminal servers, it was instantly profitable for Emulex,[11] selling well in shops that were looking for low-cost access methods to a fast-growing base of DECVAX server products.[original research?] The P4000 was fixed in port count (16) and housed in a plastic shell with an LCD status screen.[9]

In 1992, Emulex spun off their disk controller business intoQLogic.[12]

2000 to present

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Headquartered inCosta Mesa, California, Emulex employed more than 1,200 people in 2013. In 2000, Emulex acquired Giganet for $645 million,[13] and in 2013, it acquiredEndace, 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.[14][15] 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.[16] On July 9, 2009, it too was rejected[17] Broadcom subsequently withdrew its offer.[18]

In February 2015,Avago Technologies Limited announced it would acquire Emulex for $8 per share, in cash.[19] Avago, a spinoff of Hewlett Packard, merged with Broadcom in May of that year.[20][21] Avago assumed the Broadcom name.[19][22]

See also

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References

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  1. ^ab"Form 10-K". Emulex Inc., United States Securities and Exchange Commission. August 20, 2008. RetrievedMay 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. RetrievedFebruary 22, 2009.
  4. ^"Emulex Corporation".New York Times.
  5. ^Ryan, Alan J. (September 7, 1987)."Emulex wants out of DEC bind".Computerworld.XXI (36). IDG Publications: 91, 96 – via Google Books.
  6. ^Cristina Lee (June 30, 1990). "Emulex Corp. Founder to Give Up His Job as Firm's Chief Executive".Los Angeles Times.
  7. ^"One stop shopping for VAX users? Emulex, of course".The DEC Professional. November 1983. pp. 36–37.
  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. ^abBrandel, William (February 22, 1988)."Emulex unwraps first LAT-compatible server".Digital Review.5 (4). Reed Business Information: 1et seq – via Gale.
  10. ^Staff writer (August 8, 1988)."CDC and Emulex invade DEC's digs".Computerworld.XXII (32). IDG Publications: 10 – via Google Books.
  11. ^Patch, Kimberly (May 1, 1989)."Emulex ups earnings by 57% sparked by new product intros".Digital Review.6 (17). Reed Business Information: 58 – via Gale.
  12. ^Andrew Pollack (July 5, 1999)."In Data Linkage, It's Spinoff vs. Parent".New York Times.
  13. ^"Emulex Acquires Giganet for $645 million".EE Times.
  14. ^"Broadcom Makes $764 Million Hostile Bid for Emulex".New York Times. April 22, 2009.
  15. ^"Newsroom".www.broadcom.com. RetrievedJune 9, 2021.
  16. ^"Broadcom (BRCM) Raises Offer for Emulex (ELX) to $11".
  17. ^"Emulex Board Unanimously Rejects Broadcom's $11.00 Per Share Offer".
  18. ^"Broadcom Drops Takeover Bid for Emulex".[dead link]
  19. ^ab"Avago Financial News 2015-02-25".
  20. ^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
  21. ^Mukherjee, Liana B. Baker, Supantha (May 29, 2015)."Avago to buy Broadcom for $37 billion in biggest-ever chip deal".Reuters. RetrievedApril 7, 2021.{{cite news}}: CS1 maint: multiple names: authors list (link)
  22. ^avagotech.com redirects tobroadcom.com

External links

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Hard disk drive manufacturers
Current
Defunct
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