Articles about Emulex

Oh, Emulex: Another quarter, yet more red-splattered results

Emulex results were dismal, never mind what president and CEO Jeff Benck said about achieving "the high end of our revenue guidance." Revenues were down and losses deeper for its fourth fiscal 2014 quarter - ended June 29 - and for the full year. Q4 of financial year 2014's revenues were $99.8m; they were $109.7m last quarter …
Chris Mellor, 11 Aug 2014
Emulex logo

Emulex throws exec chairman's scalp to activist investors

HBA and Ethernet analysis vendor Emulex has caved in to sustained activist investor pressure over its board makeup and financial discipline and given up the exec chairman’s scalp. The winning activist investors are: Elliott Management,which holds 9.8 per cent of Emulex's shares; Starboard Value; Altai Capital; The Vanguard Group …
Chris Mellor, 15 Nov 2013
The Register breaking news

Emulex rustles up a Mulligan for its hungry network gumble floggers

Emulex has appointed a senior vice-president for operations, signalling new CEO Jeff Benck's intention to have his company survive as a viable business. Emulex makes Fibre Channel storage host bus adapters (HBAs), Converged Network Adaptors (CNAs) and has recently bought Endace for its Ethernet network monitoring and analysis …
Chris Mellor, 30 Jul 2013

Emulex 'hired Goldman Sachs to find themselves a buyer' - report

SAN storage adaptor supplier Emulex has hired Goldman Sachs to find a buyer, according to Bloomberg. Neither Emulex nor Goldman Sachs have confirmed the story, which Bloomberg says it heard from two people "with knowledge of the situation". The rationale for such a sale is strong. The Fibre Channel HBA market, which Emulex and …
Chris Mellor, 04 Jul 2013
The Register breaking news

Emulex eats 87% of Endace for Ethernet examinations

Emulex has acquired ownership of 89 per cent of New Zealand-based Ethernet network traffic analysis company Endace. One of the 11 per cent holdouts is an Elliott Management subsidiary which also holds Emulex shares. It wants Emulex to stop spending on acquisitions and slip a few greenbacks into shareholders' wallets. Endace CEO …
Chris Mellor, 28 Feb 2013
money notes lifted up

Emulex to QLogic: Adapter biz is shrinking, but we're still swimming

Emulex's latest results show it overtaking QLogic in the traditional server storage connectivity market – despite the fact that the pie which they're divvying up is becoming increasingly smaller. The fourth fiscal 2013 Emulex quarter finished at the end of June and saw revenues of $120.4m – showing the usual seasonal fourth …
Chris Mellor, 15 Aug 2013
Emulex losses to Q3 fy2014

Emulex racks up fifth loss-making quarter as FIVE-YEAR Broadcom broadside ends

Analysis It's Emulex's fifth loss-making quarter in a row and a whopping loss at that. For its third financial 2014 quarter, ended 30 March, Emulex made a loss of $7.2m on revenues of $109.7m. Let's put that in context. A year ago its revenues were $116.8m and its loss was $6.7m. In the previous fy2014 quarter revenues were $123.2m and …
Chris Mellor, 06 May 2014
Nervous girl bites nails

QLogic and Emulex struggling to escape Fibre Channel woes

Businesses exist to make profits. Quarterly results statements provide a window through which to look at how publicly-owned businesses are doing. So, QLogic and Emulex: how are you doing? QLogic did well in its third fiscal 2014 quarter, which finished on December 29 last year, with profits up both sequentially and annually. …
Chris Mellor, 06 Feb 2014
money notes lifted up

Bolshy investors launch yet another assault on Emulex board

Angry investor Altai Capital Management has written an open letter to Emulex CEO Jim McCluney demanding the resignation of Emulex's board after it rejected a takeover offer from Broadcom. That's the view put across by activist investor Altai Capital Management in a public letter to Emulex CEO Jim McCluney. Background Emulex …
Chris Mellor, 09 May 2013
Emulex logo

Boardroom brouhaha brewing at Emulex after Endace buy

You win some; you lose some. Emulex has completed its acquisition of networking analytics company Endace against the opposition of activist investor Elliott Management, but had to accept the appointment of two Elliott nominees to its board. Emulex mostly sells SAN Host Bus Adapters (HBAs) and has a line of Ethernet Converged …
Chris Mellor, 02 Apr 2013
management management4

Emulex execs in boardroom-chair-swap as investors circle

Emulex execs have performed a three-way exec and boardroom chair swap as activist investors look for ways to squeeze the company for a big payday. Board chairman Paul Folino reverts to being a director, CEO Jim McCluney becomes executive chairman, and president and chief operating officer Jeff Benck becomes CEO and president. …
Chris Mellor, 16 Jul 2013
The Register breaking news

Emulex under second investor assault

Emulex, faced with a relatively static Fibre Channel HBA market and with the great white Ethernet-carrying FCoE alternative being as lively as a lethargic turtle, has decided to buy Endace, a New Zealand–based concern with Ethernet deep traffic inspection and analysis gear, so as to expand its addressable market. This got up …
Chris Mellor, 22 Feb 2013
The Register breaking news

Emulex coughs up $58m in Broadcom fibre optic patents clash

Emulex is paying Broadcom $58m to partially settle patent infringement claims. Broadcom makes (among many, many things) Ethernet gear and attempted to sue Emulex for infringing 10 of its its patents in 2009. The 2009 suit came just months after Emulex rejected a second takeover bid from Broadcom. With this settlement, three of …
Chris Mellor, 09 Jul 2012
The Register breaking news

Emulex moves to snap up network-monitoring Endace

Storage networking and Ethernet vendor Emulex is making a bid for Endace, a New Zealand-based network monitoring company. The bid is worth $130 million cash, or 500 pence/share and, Reuters reports is 65 per cent higher than Endace's London Stock Exchange closing price on December 4. Emulex, facing a low- or no-growth Fibre …
Chris Mellor, 07 Dec 2012
Emulex OneSecure encrypting HBA

Emulex squeaks into profit: Chew on that, QLogic, 0.7 big ones

A year ago Emulex recorded $118.4m revenues and a loss of $7.2m in its first fiscal 2012 quarter. A year later revenues are up 1 per cent to $119.3m and it has scraped a profit of $700k. Whew! Emulex makes network adapters, and more than 80 per cent of its revenues comes from products like Fibre Channel HBAs and Ethernet …
Chris Mellor, 26 Oct 2012

Bolshy investor sinks teeth into weakened Emulex, tears off another chunk

Under-performing storage network adaptor outfit Emulex is being stalked by activist hedge fund investor Elliott Management, run by billionaire Paul Singer. Elliott snaffled up an extra 1.34 per cent stake in the firm to bring its slice up to 11.3 per cent, making it the largest shareholder. This represents the best hope for …
Chris Mellor, 14 Dec 2012

Emulex hopes 16Gbps Fibre Channel will give it the kiss of life

Emulex is pinning hopes on 16Gbps Fibre Channel Host Bus Adapter (HBA) growth after Q4 sales flatlined and it recorded a $28.8m (£18.37m) loss. And with Broadcom's legal fangs still fastened to its ankles, it's just no fun at all for the firm in the storage networking adapter business. Let's briefly set the scene: the company …
Chris Mellor, 10 Aug 2012
The Register breaking news

Networking giant Emulex stumbles at third quarter hurdle

Emulex's latest earnings show a fall compared to the previous quarter: which was the first profitable quarter after six loss-making ones. This means execs at the networking giant are probably on high alert for any further signs of a return to that slough of despond. Revenues for its third fiscal 2012 quarter totalled $125.7m, …
Chris Mellor, 26 Apr 2012
channel

QLogic showers in gravy as parent Emulex hits dry spell

Quarterly results show Emulex spinout QLogic quietly excelling while Emulex is still trying to dig itself out of a hole. Both companies sell Fibre Channel host bus adapters (HBAs), and Ethernet connectivity products such as converged network adapters (CNAs). Emulex has silicon products that provide connectivity inside arrays, …
Chris Mellor, 31 Oct 2011
channel

Blue Coat gain is Emulex loss

Steve Daheb, Emulex chief marketing officer, has jumped ship and landed the same position at Blue Coat Systems, the WAN acceleration vendor. The deed was announced by Blue Coat in the dog days of December, and Daheb gets an SVP title as well. He is "responsible for the company’s unified global marketing initiatives, corporate …
Chris Mellor, 04 Jan 2011
For Sale sign detail

HP offers Emulex FCoE adaptors

Emulex has at last got blue chip OEM blessing for its Fibre Channel over Ethernet (FCoE) adapters, with HP now offering the kit. FCoE is reckoned to be the future of Fibre Channel networking, with the protocol being carried on a 10GbitE wire instead of native Fibre Channel wires and Host Bus Adapters (HBAs). FCoE runs across an …
Chris Mellor, 01 Mar 2010
RoCE v2 stack image

Oi! You noisy servers! Talk among yourselves and stop bothering that poor router!

The group behind the RDMA over converged Ethernet standard – RoCE to its friends – is tweaking the spec to support UPD and IP in the stack. RDMA - remote direct memory access - has become increasingly important in large-scale data centres, since it lets data move between different servers' user space without having to drop down …
H. K. Desai

QLogic exec chairman HK Desai dies aged 68

Storage firm QLogic has lost its guiding light. The company's chairman, HK Desai, died after suffering a "sudden cardiac arrest" on 10 June. CEO and president Prasad Rampalli, who became CEO just six months ago, said: "HK dedicated most of his working life to building QLogic into the company it is today. His positive spirit, …
Chris Mellor, 30 Jun 2014
channel

Emulex scores FCOE revenue win

Emulex says it sold more FCoE kit than QLogic in 2009. That's unexpected, considering that QLogic had more design wins for its Fibre Channel over Ethernet (FCoE) converged network adapters (CNA) throughout 2009 than Emulex, and by a wide margin. Nevertheless Emulex cites Infonetics and says it had a 57 per cent share of the …
Chris Mellor, 14 Apr 2010
An Olympic-sized swimming pool

SAN gang at Nimble jump in Fibre Channel pool, but how big will the splash be?

Becoming a little nimbler in the SAN market, Nimble Storage is adding Fibre Channel support to its CS-series hybrid flash/disk arrays. Up until now these products have supported block data access over iSCSI only. Adding Fibre Channel will, the company believes, triple its addressable market. The product range was refreshed in …
Chris Mellor, 18 Nov 2014
The Register breaking news

Emulex encrypts data before it gets into the array

Emulex is offloading encryption to its HBAs and working with Compellent, EMC, HDS and Big Blue to integrate them with storage arrays and key managers. There is some data, Emulex and IBM say, that is so sensitive and precious it has to be encrypted and made secure before it passes out of the server, goes across the wire and rests …
Chris Mellor, 29 Oct 2010
graph up

Emulex gets NetApp FCoE blessing

NetApp has blessed the use of Emulex's OneConnect Converged Network Adapter (CNA) for Fibre Channel over Ethernet (FCoE), a huge tier 1 storage vendor endorsement for the firm. The company has been lagging behind competitor QLogic in getting storage vendor endorsements for its CNA when running FCoE and 10GbitE. It won HP …
Chris Mellor, 17 Mar 2010
fingers pointing at man

Emulex licences TOE technology

Emulex is licensing Alacritech TCP/IP speed up technology for its OneConnect converged network adapter (CNA). Alacritech owns intellectual property which includes support for Microsoft’s Transmission Control Protocol (TCP) Chimney architecture. This offloads TCP/IP processing to an Ethernet network interface card (TOE) and so …
Chris Mellor, 18 Dec 2009
hands waving dollar bills in the air

Emulex and QLogic both claim to be best

Emulex and QLogic have both released statements saying they are winning in Fibre Channel adapter-land, and it's emerged that Emulex's claim to FCoE adapter leadership might be flaky. The Fibre Channel host bus adapter (HBA) market is basically a two-horse race between Emulex and QLogic with new entrant Brocade not having large …
Chris Mellor, 17 May 2010
channel

Emulex finally gets IBM design win

IBM's BladeCenter HS22 blade servers will use Emulex 10gig E interface cards that can be software key upgraded to Fibre Channel over Ethernet adapters. Up until now Emulex had no public design wins for its FCoE Converged Network Adapters (CNAs) whereas QLogic and Brocade had NetApp and IBM wins in their pockets. Emulex' IBM win …
Chris Mellor, 27 Aug 2009
channel

Emulex posts higher than expected results...

Emulex has announced preliminary results almost 20 per cent higher than expected just as testers confirmed its FCoE adapter goes three times as fast as QLogic's. Preliminary results for Emulex's second fiscal 2010 quarter show net revenues of $107m - $108m, significantly higher than the guidance of $88m - $92m. It gets Emulex …
Chris Mellor, 12 Jan 2010
cloud

Broadcom could raise its Emulex bid

Broadcom is dangling the carrot of a potentially raised bid in front of Emulex, but says it needs access to inside information. Reuters reports that Broadcom CEO Scott McGregor made the offer in an email to Emulex CEO Jim McCluney. Broadcom, an Ethernet switch supplier, is trying to take over Fibre Channel server adapter vendor …
Chris Mellor, 11 Jun 2009
channel

Broadcom sues Emulex in patent spat

Broadcom says Emulex is using its patented technology unlawfully and is off to court to stop Emulex using unlicensed technology and to get cash damages. Terrific. If you can't buy a company then smack it with a law suit. Broadcom even has a VP for this area, David Rosmann, in charge of intellectual property litigation, who says …
Chris Mellor, 15 Sep 2009
arrow pointing up

Broadcom? Just say no, Emulex tells shareholders

Emulex has written to its shareholders, saying that Emulex's design wins "are now threatening Broadcom's long dominant Ethernet networking market position." The Emulex defence to the unwanted and hostile Broadcom takeover bid has been that it grossly undervalues Emulex at its $9.25/share bid price. Emulex has added meat to this …
Chris Mellor, 26 May 2009
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Broadcom ready to raise Emulex bid

Broadcom could be about to raise its $9.25/share bid for Emulex and so get the FCoE firm to at least sit down and talk, if sources are to be believed. Ethernet switch and chip supplier Broadcom is trying to buy Emulex in the face of determined Emulex board-level objections. Emulex has Fibre Channel over Ethernet (FCoE) …
Chris Mellor, 29 Jun 2009
arrow pointing up

Emulex buys ServerEngines

Emulex is buying ServerEngines, thus securing its core FCoE technology. FCoE is Fibre Channel over Ethernet, the sending of Fibre Channel data frames across an Ethernet link. There are two dominant Fibre Channel Host Bus Adapter (HBA) companies: Emulex and QLogic. Both are moving energetically into FCoE and QLogic has an …
Chris Mellor, 08 Jun 2010
channel

Emulex gets short-lived FCoE design win

Emulex has finally got its first public Fibre Channel over Ethernet (FCoE) design win, from Verari, which promptly appeared to fall over on Friday. FCoE sends and receives Fibre Channel storage data traffic over Ethernet, instead of using Fibre Channel wires and switches. For its adoption it relies on a loss-less and low-latency …
Chris Mellor, 14 Dec 2009
channel

Broadcom turns away after Emulex rejects it again

Emulex has looked at Broadcom's increased offer to take it over, sniffed, and said it undervalues the company again. Broadcom is dropping its bid. It's the same Emulex response as before, pretty much. The bid undervalues Emulex' long-term prospects and it's not in the best interests of Emulex' shareholders. Executive chairman …
Chris Mellor, 09 Jul 2009
For Sale sign detail

Emulex cloud storage gateway revealed

Updated An EMC technical consultant blogger - Dave Graham - has revealed details of an Emulex SAN fabric cloud gateway concept. The ES3 conceptual device is a SAN fabric-resident entity that represents itself as virtual SAS or Fibre Channel disks to accessing host servers, and is just another volume I/O target in the SAN. However, …
Chris Mellor, 19 Jun 2009
Emulex and QLogic revenue trends to Feb 2013

Wham SAN, thank you ma'am: Adapter biz smacks biggest rival

After Emulex's long, arduous revenues climb, and the simultaneous droop in fortunes of QLogic, it seems it has finally caught up to its high-flying SAN adapter competitor - and if current trends continue, it could even hang on to the top spot. That is, if QLogic's new Rainier product doesn't give it the bounce it needs to …
Chris Mellor, 04 Feb 2013
cloud

Broadcom raises Emulex bid

Broadcom has gone ahead and raised its $9.25/share all-cash Emulex bid to $11.00/share, the upper end of the expected range. It has extended its tender offer for an additional 10 business days, until midnight July 14, 2009. Broadcom now values Emulex at $912m to be precise, up from the previous $764m valuation, meaning it is …
Chris Mellor, 30 Jun 2009
hands waving dollar bills in the air

Emulex tells Broadcom to go away

Emulex' board of directors has unanimously rejected Broadcom's takeover offer because it "significantly undervalues Emulex and is not in the best interest of Emulex stockholders." Interesting. Does Emulex want more cash? Broadcom is offering $9.25 per share in cash. Emulex exec chairman Paul Folino said: "It is an opportunistic …
Chris Mellor, 04 May 2009
channel

Emulex gets feeble IBM backslap

Emulex has announced a cross-licensing deal with IBM that it says should accelerate joint IBM-Emulex customers' integration of its converged network adapters with IBM servers. This somewhat half-hearted endorsement is neither IBM certification nor an OEM or reseller deal. In contrast IBM is using QLogic 8100 CNAs in some of its …
Chris Mellor, 25 Aug 2009
homeless man with sign

Broadcom aims big guns at Emulex

Update Broadcom has accused the Emulex board of "intransigence", after announcing an all-cash $9.25/share offer for the network adapter and array switch vendor. Broadcom president and CEO Scott McGregor said: "We are disappointed by Emulex Corporation's rejection of Broadcom's proposal which would deliver substantial, immediate and …
Chris Mellor, 05 May 2009
channel

Broadcom to Emulex stockholders: Let's get these guys

Broadcom is appealing directly to Emulex stockholders to consent to proposals to call a special meeting that could toss the Emulex board out on its collective ear. Emulex has painted Broadcom as a marauding (and drug-addled) beast, but Broadcom casts itself in quite a different light; its mission is to rescue the struggling …
Chris Mellor, 04 Jun 2009
channel

Emulex rebuffs Broadcom's advances again

Comment Emulex has reinforced its opposition to a revised Broadcom bid to take the company over. In its latest rebuttal to Broadcom's latest $9.25/share offer, it virtually repeated the statement it made following the first unsolicited attempt. The Emulex statement says the Broadcom offer "significantly undervalues Emulex's long-term …
Chris Mellor, 15 May 2009
cloud

Emulex says Broadcom unfit to take it over

Emulex has filed a law suit alleging that Broadcom is unfit to take it over because a still influential former Broadcom CEO faces federal drug charges. Emulex is citing the charges in an application for an injunction to prevent the takeover. Broadcom is trying to take over Emulex with a $9.25/share $764m offer. It wants to gain …
Chris Mellor, 01 Jun 2009
For Sale sign detail

Setting the record straight on Emulex CNA's long game

Comment Is the darn Emulex CNA chip ready or not? Competitors are saying "How come we're getting CNA design wins and Emulex is not?" What's the real Emulex CNA story here? A CNA, a Converged Network Adaptor, runs Fibre Channel over Ethernet (FCoE) as well as Ethernet, and so converges a Fibre Channel HBA card and an Ethernet NIC onto …
Chris Mellor, 28 Oct 2009

Look behind you, NetApp: Angry investor is coming for YOU

Activist investor Eliott Management, of Emulex fame, always pushes to have its voice heard - especially when it thinks bosses of its "investment companies" don't put shareholders first. Now the fund has actually taken on storage giant NetApp. According to a Bloomberg report, Elliott is pushing NetApp to change its board. We can …
Chris Mellor, 20 May 2013

Down in the Dell, Compellent and EqualLogic are stirring

Dell is punching out new products like a featherweight fighter determined to defeat opponents with speed and agility, as well as hitting power. It's added new systems to both its Compellent and EqualLogic arrays within its Dell Storage line and announced an XC converged server/storage system. An all-flash configuration of the …
Chris Mellor, 06 Nov 2014