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Slide #19. Emulex Corporation — Endace
Emulex Corporation (ELX)
Emulex Corporation (NYSE: ELX) the leader in network connectivity, monitoring and management, today announced the completion of its acquisition of Endace Limited. Emulex acquired control of Endace, and beneficial ownership of 89 percent of the shares of Endace, on February 26, 2013. Emulex has now completed the acquisition of beneficial ownership of 99.9 percent of the shares of Endace, and the process for the compulsory acquisition of the remaining Endace shares by Emulex pursuant to the New Zealand Takeovers Code has commenced.
Emulex is engaged in network connectivity, monitoring and management products. Co. has two segments. Co.'s Connectivity segment consists of its Network Connectivity Products, which include Fibre Channel and Ethernet-based solutions that provide server I/O and target storage array connectivity to develop networks for enterprise and cloud data centers; and Storage Connectivity and Other Products, which include its InSpeed® switch-on-a-chip and back-end connectivity, bridge, router products, and Pilot™ Integrated Baseboard Management Controllers. Co.'s Visibility Segment consists of its Network Visibility Products, which includes the Endace® visibility and recording infrastructure products.
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Hold (2.00 out of 4)
(ranked higher than approx. 54% of all stocks covered)
Based on Zacks ABR data;
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