3 posts and columns on Emulex

News Byte

Broadcom Scores Permanent Injunction Against Emulex

in News on March 19 at 8:05 am PT

The tentative ban Broadcom won against Emulex earlier this month is now permanent. The chipmaker said today that a federal court made permanent an injunction that prevents Emulex from selling controller chips that were found to infringe two Broadcom patents. Emulex’s BladeEngine2 and BladeEngine3 Ethernet controllers and Lancer chips are among the affected products. Under the terms of the ruling Emulex can continue to sell those products for another 13 – 15 months to customers who have already ordered them, but it must pay Broadcom a 9 percent royalty.

Emulex to Broadcom: You Call That Thing an Offer?

in News on May 4, 2009 at 11:07 am PT

Emulex dissed and dismissed an unsolicited bid from Broadcom this morning saying it “significantly undervalues Emulex” and is not in the best interests of shareholders. In a blistering letter appended to the rejection announcement, Emulex CEO Paul Folino described Broadcom’s unsolicited $9.25-a-share cash takeover offer as “an opportunistic attempt to take advantage of Emulex’s depressed stock price” in a souring economy.
teeny_tiny

Voices

Broadcom Makes Hostile $9.25/Shr Bid For Emulex

in News on April 21, 2009 at 7:00 am PT

Broadcom this morning announced an unsolicited $9.25 a share cash offer to acquire Emulex. The deal has a total value of $764 million. The offer is 40 percent above yesterday’s closing price for ELX at $6.61.