Emulex

Last updated

Emulex Corporation
Company typePublic
NYSE:  ELX
Industry Technology
Founded1978;46 years ago (1978)
Defunct2015;9 years ago (2015)
FateAcquired by Avago Technologies
Headquarters
Costa Mesa, California
,

United States
Key people
Bruce C. Edwards
(Executive chairman)
Jeff Benck (CEO)
RevenueIncrease2.svg US$478.60 million (2013) [1]
Decrease2.svg −US$5.21 million (2013) [1]
Total equity US$761.8 million (2009) [2]
Number of employees
More than 1200 (2013) [3]
Website emulex.com (archived from the original on December 26, 2014)

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 acquried by Avago Technologies.

Contents

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]

In 1992, Emulex spun off what became QLogic . [8]

Much of Emulex's early market was for Digital Equipment Corporation's VAX and PDP-11 systems. [9] Computer History Museum's collections include an Emulex disk drive. [10]

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, [11] 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. [12] [13] 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. [14] On July 9, 2009, it too was rejected [15] Broadcom subsequently withdrew its offer. [16]

In February 2015, Avago Technologies Limited announced it would acquire Emulex for $8 per share, in cash. [17] Avago, a spinoff of Hewlett Packard, merged with Broadcom in May of that year. [18] [19] Avago assumed the Broadcom name. [17] [20]

See also

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References

  1. 1 2 "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. ↑ 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. ↑ Andrew Pollack (July 5, 1999). "In Data Linkage, It's Spinoff vs. Parent". New York Times .
  9. ↑ 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 ...
  10. ↑ EMULEX disc drive.
  11. ↑ "Emulex Acquires Giganet for $645 million". EE Times .
  12. ↑ "Broadcom Makes $764 Million Hostile Bid for Emulex". New York Times . April 22, 2009.
  13. ↑ "Newsroom". www.broadcom.com. Retrieved June 9, 2021.
  14. ↑ "Broadcom (BRCM) Raises Offer for Emulex (ELX) to $11".
  15. ↑ "Emulex Board Unanimously Rejects Broadcom's $11.00 Per Share Offer".
  16. ↑ "Broadcom Drops Takeover Bid for Emulex".[ permanent dead link ]
  17. 1 2 "Avago Financial News 2015-02-25".
  18. ↑ 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
  19. ↑ 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)
  20. ↑ avagotech.com redirects to broadcom.com
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