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Slide #27. Emulex Corporation — Endace Limited
Emulex Corporation (ELX)
Emulex Corporation, the leading provider of converged networking solutions, and Endace Limited (LSE: EDA), a leading supplier of network visibility infrastructure products, announced today that Emulex has issued a Takeover Notice, under the terms of the New Zealand Takeovers Code, pursuant to which Emulex will make an offer to acquire all of the outstanding equity interests in Endace in an all cash transaction. Endace is a network performance management company that provides network monitoring appliances, network analytics software and ultra-high speed network access switching with 100 percent accuracy.
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. 83% of all stocks covered)
Based on Zacks ABR data;
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