ELX

Overview

Highlights

News

Chart

Management

Contacts

 

   
 
   
"Announced that it now leads the market in 10Gb Ethernet (10GbE) port market share, with almost 35 percent share, and that it continues to lead the market in 10GbE LAN on Motherboard (LOM) revenue market share."

 

 
Approximate Financial Snapshot as of 1/10/12
Shares Outstanding 85.5M  
52 Wk Hi/Lo 12.97/

5.86

Market Cap $632M
Recent Price $7.39
 

 

 
 
   

 

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Emulex (ELX)

Website: www.Emulex.com

"The leader in converged networking solutions."


Overview

Emulex (ELX) is the leader in converged networking solutions, providing enterprise-class connectivity for servers, networks and storage devices within the data center. The Company's product portfolio of Fibre Channel host bus adapters, network interface cards, converged network adapters, controllers, embedded bridges and switches, and connectivity management software are proven, tested and trusted by the world's largest and most demanding IT environments. Emulex solutions are used and offered by the industry's leading server and storage OEMs including, Cisco, Dell, EMC, Fujitsu, Hitachi, Hitachi Data Systems, HP, Huawei, IBM, NEC, NetApp and Oracle. Emulex is headquartered in Costa Mesa, Calif., and has offices and research facilities in North America, Asia and Europe.


ELX Investor Highlights

  • Announced preliminary 2nd quarter guidance if net revenues in therange of $127-$128 million exceeding the high end of guidance of $121-$127 million.
  • GAAP diluted earnings per share of $0.15-$0.16 compared to a GAAP loss per share of $0.08 in the first quarter of 2012.
  • Calendar year 2011 revenues of $481-$482 million, an increase of approximately 14 percent year-over-year growth.
  • Announced a new end user program - The Emulex Extra Program - a major initiative designed to support customers and partners in training and accrediting users working with Emulex solutions. Emulex Extra provides enhanced training (leading to Emulex Expert Certification) alongside additional support features and end user tools.
  • Announced that it now leads the market in 10Gb Ethernet (10GbE) port market share, with almost 35 percent share, and that it continues to lead the market in 10GbE LAN on Motherboard (LOM) revenue market share.
  • Has $163 million cash on hand and no debt. 

Recent News and Press Releases

Emulex Announces Preliminary Second Quarter Results

Emulex Delivers Expanded Ethernet and Fibre Channel Connectivity Product Portfolio for HP Integrity Systems

Emulex Extra Program Provides Superior Customer Experience

Emulex Continues 10Gb Ethernet (10GbE) Market Share Gains for Fifth Consecutive Quarter

For the latest Quote and News on ELX Click Here.


Three Month Chart


Management

Jim McCluney - Chief Executive Officer

Jim McCluney joined Emulex in November 2003 as president and chief operating officer and was subsequently appointed to the position of president and chief executive officer in September 2006. During his tenure at Emulex, Mr. McCluney was instrumental in formulating Emulex's strategy for growth and executing on three strategic acquisitions, ServerEngines, Aarohi Communications and Sierra Logic, which have positioned Emulex for entry into new high-growth market segments.

In 2008, Mr. McCluney was named “CEO of the Year” by the Technology Council of Southern California and “Outstanding Public Company CEO” from the trade group AeA of Orange County. In 2009, Mr. McCluney received an award for his Vision in Advancing Innovation and Research in the Technology Industry and his instrumental Engagement and Support of Scholarly Excellence by the School of Engineering at University of California, Irvine. In addition, Mr. McCluney recently won the National Human Relations Award from the Orange County chapter of the AJA.

Prior to Emulex's acquisition of Vixel Corporation in November 2003, Mr. McCluney served as Vixel's chairman, president and chief executive officer. From October 1997 to January 1999, he served as president and chief operating officer of Crag Technologies, formerly Ridge Technologies, a storage system manufacturer. From October 1994 to September 1997, Mr. McCluney served in various executive positions at Apple Computer, including senior vice president of worldwide operations and vice president of European operations. Prior to Apple Computer, Mr. McCluney held several executive positions in the U.S. and Europe with Digital Equipment Corporation for 13 years.

Mr. McCluney is heavily involved with Project Tomorrow, a business and education non-profit collaborative dedicated to enhancing K-12 science education in Orange County schools, is on the board of the Mind Research Institute, a non-profit focused on improving K-12 math education in America, is on the Dean’s Advisory Board of University of California, Irvine’s School of Engineering, is the chairman of the University of California, Irvine’s CEO Roundtable, is on the board of OCTANe, a networking organization for Orange County's information technology and biomedical industries, and on the board of PBS Socal. Mr. McCluney holds a Bachelor of Arts degree with honors in business and administration from Strathclyde University in Glasgow, Scotland.

Jeff Benck - President and Chief Operating Officer

Jeff Benck joined Emulex in May 2008 as executive vice president and chief operating officer (COO) and was subsequently appointed to the position of president and COO in August 2010. Benck oversees the company's engineering, marketing, business development, operations and sales organizations. Benck also plays a key role in contributing to the corporate strategy and is focused on diversifying the Emulex product portfolio and delivering growth through the deployment of converged networking.

Previously, Benck served as president and chief operating officer at QLogic. Prior to joining QLogic, he spent 18 years at IBM, most recently serving as vice president of xSeries, BladeCenter and Retail Store Solutions development. While at IBM, Benck's focus included growth initiatives, product development, marketing and strategy, portfolio management and customer relationships. Benck is widely known for his role in establishing IBM's blade server product line. His BladeCenter team received IBM's highest honor with the IBM Chairman's Award for Client Excellence. Benck is on the board of the Discovery Science Center. Benck holds a Master of Science degree in management of technology from University of Miami and a Bachelor of Science degree in mechanical engineering from Rochester Institute of Technology. Benck is also a distinguished inventor in the computer systems field and holds 6 US patents.

Jeff Benck resides in Southern California with his wife Nina and two daughters, Gabrielle and Gracyn. He continues to enjoy sports after playing NCAA Div III Varsity Basketball for Rochester Institute of Technology, including basketball and golf.

Mike Rockenbach - Chief Financial Officer and Executive Vice President

Mike Rockenbach joined Emulex in 1991 and has served as executive vice president and chief financial officer since 1997. From 1991 to 1996, Mr. Rockenbach served in senior finance and accounting positions within the Company. During his tenure Mr. Rockenbach's contributions include driving several key financing transactions as well as analysis and integration of strategic acquisitions. Mike Rockenbach was also instrumental in the Company's move from the NASDAQ to the NYSE in 2003.

Prior to joining Emulex, Mr. Rockenbach's experience includes various manufacturing finance and financial planning positions at Western Digital Corporation. Mr. Rockenbach holds bachelors' degrees in both accounting and finance as well as a master's degree in International Business from California State University, Fullerton.


SEC Filings

ELX filings with the SEC can be found here.


Contacts

Emulex Corporation

3333 Susan Street
Costa Mesa, CA 92626
Phone: 714-662-5600
Fax: 714-241-0792


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