SAN JOSE, Calif. and
COSTA MESA, Calif., March 10, 2015 /PRNewswire/ -- OCP
U.S. Summit 2015 -- Emulex Corporation (NYSE: ELX), a leader
in network connectivity, monitoring and management, today
introduced new quad-port 10Gb Ethernet (10GbE) PCI Express (PCIe)
and dual-port 10GbE Open Compute Project (OCP) form factor Ethernet
and Converged Network Adapters (CNAs), further increasing the
breadth of its PCIe 3.0 portfolio. The Company's new OneConnect®
OCe14104 and OCm14000-OCP adapters bring industry-leading protocol
offloads, small-packet performance, and server power savings that
Emulex adapters are known for. When combined with the recent
release of new Emulex OCe14000 10GBASE-T PCIe Ethernet and
Converged Network Adapters, the Emulex OneConnect I/O connectivity
portfolio provides a full range of form factors and network
bandwidth for customers looking to optimize the deployment of new
Web-scale applications, virtualized environments and
software-defined infrastructures. Additionally, Emulex Ethernet
Network Adapters were shown to have a latency advantage of up to
5:1 over Intel's latest Ethernet adapters (X710 10GbE and XL710
40GbE adapters) in a recent Demartek Evaluation
Report1.
![Based in Costa Mesa, California, Emulex is a leader in network connectivity, monitoring and management. Based in Costa Mesa, California, Emulex is a leader in network connectivity, monitoring and management.](http://photos.prnewswire.com/prnvar/20120403/NE81278LOGO)
Tweet This: .@Emulex Announces New #OCP, Quad-Port
#10GbE, and Single-Port #40GbE Adapters at OCP Summit
@OpenComputePrj: http://ow.ly/K7kOj
Hyperscale computing is one of the fastest-growing segments in
IT today, and is characterized by data center architectures focused
on improving total cost of ownership, energy efficiency, and
reducing complexity in the scalable computing space. The OCP
mezzanine adapter specification enables various network
connectivity configurations and was developed as an open standard
by a community of engineers as part of the OCP Foundation. Emulex
OCm14000-OCP adapters provided advanced capabilities for hyperscale
customers such as Network Virtualization and Virtual Extensible LAN
(VXLAN), Network Virtualization using Generic Routing Encapsulation
(NVGRE), Single-Root I/O Virtualization (SR-IOV), and protocol
support for RDMA over Converged Ethernet (RoCE) or block storage
(iSCSI and Fibre Channel over Ethernet) on Emulex OneConnect
CNAs.
"One of our overriding goals as a company is to enable high
performance networking for our customers, regardless of the server
form factor that they have chosen," said Shaun Walsh, senior vice president of marketing,
Emulex. "Emulex's unified architecture, when combined with
enterprise capabilities such as overlay networking and high
performance protocol offloads, ensures that organizations can
realize predictable performance across a variety of demanding
applications and workloads. These new adapters expand our
addressable market, with increased bandwidth and port density,
particularly for hyperscale customers."
With this announcement, Emulex has also made available a major,
new 10.4 software release to the market, providing the following
key capabilities:
- Telco Network Functions Virtualization (NFV): Linux Poll
Mode Driver (PMD) for Data Plane Development Kit (DPDK) support,
providing telecom equipment manufacturers and telecom operators
with an optimized solution to reduce cost and scale operations by
transitioning to open server platforms
- RSS with VMware NetQueue: Support for receive side
scaling (RSS), a network driver technology that enables the
efficient distribution of incoming TCP traffic across multiple
cores in multi-core processor systems, particularly in
software-defined networking (SDN) environments, makes it possible
to support higher network traffic loads than would be possible on a
single core. This new capability joins current RSS and vRSS
support for Microsoft Windows Server VMQ and Dynamic VMQ
environments.
- SDN Offload support for RHEL 7.x and SLES 12:
Hardware offload support of VXLAN for the latest releases of Red
Hat Enterprise Linux (RHEL) and Novel SUSE Linux Enterprise Server
(SLES), preserving precious server resources for application
workloads.
- Expanded RoCE support: The 10.4 release includes tech
previews of iSCSI Extensions for RDMA (iSER) and Linux Network File
System (NFS) over RoCE on the latest versions of RHEL. In addition,
Quantized Congestion Notification (QCN) support, to manage network
congestion while running RoCE, has been added.
1. Demartek Emulex OCe14102 10GbE and OCe14401 40GbE Adapter
Comparison with Intel X710 10GbE and XL710 40GbE Adapters
Evaluation Report, February 2015
Follow Emulex on Twitter.
About Emulex
Emulex provides connectivity, monitoring and management
solutions for high-performance networks, delivering provisioning,
end-to-end application visibility, optimization and acceleration
for the next generation of software-defined, telco and Web-scale
data centers. The Company's I/O connectivity portfolio, which has
been designed into server and storage solutions from leading OEMs
and ODMs worldwide, enables organizations to manage bandwidth,
latency, security and virtualization. The Emulex network visibility
portfolio enables global organizations to monitor and improve
application and network performance management. Emulex is
headquartered in Costa Mesa,
Calif. For more information about Emulex (NYSE:ELX) please
visit http://www.Emulex.com.
Press
Contacts
|
Katherine
Lane
Senior Director,
Corporate and Marketing Communications
+1
714-885-3828
katherine.lane@emulex.com
|
Jolene
Peixoto
Senior Manager,
Public Relations and Social Media
+1
714-885-3858
jolene.peixoto@emulex.com
|
Cautions Regarding Forward-Looking Statements
This announcement contains forward-looking statements.
Forward-looking statements may be typically identified by such
words as "may," "will," "could," "should," "expect," "anticipate,"
"plan," "likely," "believe," "estimate," "project," "intend," and
other similar expressions among others. These forward-looking
statements are subject to known and unknown risks and uncertainties
that could cause our actual results to differ materially from the
expectations expressed in the forward-looking statements. Although
Avago Technologies Limited ("Avago") and Emulex Corporation
("Emulex") believe that the expectations reflected in the
forward-looking statements are reasonable, any or all of such
forward-looking statements may prove to be incorrect. Consequently,
no forward-looking statements may be guaranteed and there can be no
assurance that the actual results or developments anticipated by
such forward looking statements will be realized or, even if
substantially realized, that they will have the expected
consequences to, or effects on, Avago, Emulex or their respective
businesses or operations. The foregoing review of important factors
that could cause actual events to differ from expectations should
not be construed as exhaustive and should be read in conjunction
with statements that are included herein and elsewhere, including
the risk factors included in Emulex's and Avago's most recent
Quarterly Report on Form 10-Q and Annual Report on Form 10-K,
respectively, and Emulex's and Avago's more recent reports filed
with the SEC. Emulex and Avago can give no assurance that the
conditions to the transaction will be satisfied. Neither Emulex nor
Avago undertakes any intent or obligation to publicly update or
revise any of these forward looking statements, whether as a result
of new information, future events or otherwise, except as required
by law. Emulex is responsible for information in this press release
concerning Emulex and Avago is responsible for information in this
press release concerning Avago.
"Safe Harbor" Statement
"Safe Harbor'' Statement under the Private Securities Litigation
Reform Act of 1995: With the exception of historical information,
the statements set forth above contain forward-looking statements
that involve risk and uncertainties. We expressly disclaim any
obligation or undertaking to release publicly any updates or
changes to these forward-looking statements that may be made to
reflect any future events or circumstances. We wish to caution
readers that actual future results could differ materially from
those described in the forward-looking statements as a result of a
variety of factors, including those discussed in our filings with
the Securities and Exchange Commission, including our recent
filings on Forms 10-K and 10-Q, under the caption "Risk Factors."
Those factors and the factors listed below could cause actual
results to differ materially from those in the forward-looking
statements:
- faster than anticipated declines in the demand for storage
networking and fiber channel and slower than expected growth of the
converged networking market or the failure of our Original
Equipment Manufacturer (OEM) customers to successfully incorporate
our products into their systems;
- the highly competitive nature of the markets for our products
as well as pricing pressures that may result from such competitive
conditions and the emergence of new or stronger competitors
as a result of consolidation movements in the market;
- our dependence on a limited number of customers and the effects
of the loss of, decrease in or delays of orders by any such
customers or the failure of our OEM customers to successfully
incorporate our products into their systems;
- our reliance on a limited number of third-party suppliers and
subcontractors for components and assembly, many of which are
located outside of the United
States;
- the effect on our margins of rapid migration of technology and
product substitution by customers, including transitions from
application specific integrated circuit (ASIC) solutions to boards
for selected applications and higher-end to lower-end products,
mezzanine card products or modular Local Area Network (LAN) on
Motherboard (LOMs);
- the non-linearity and variability in the level of our revenue
resulting from the variable and seasonal procurement patterns of
our customers;
- the possibility that our goodwill could become impaired in the
near term which would result in a non-cash charge and could
adversely affect our reported GAAP operating results;
- any inadequacy of our intellectual property protection or our
ability to obtain necessary licenses or other intellectual property
rights on commercially reasonable terms;
- our ability to attract and retain key technical personnel;
- our ability to respond quickly to technological developments
and to benefit from our research and development activities as well
as government grants related thereto and delays in product
development;
- intellectual property and other litigation against us, with or
without merit, that could result in substantial attorneys' fees and
costs, cause product shipment delays, loss of patent rights,
monetary damages, costs associated with product or component
redesigns and require us to indemnify customers or enter into
royalty or licensing agreements, which may or may not be
available;
- our dependence on sales and product production outside of
the United States so that our
results could be affected by adverse economic, social, political
and infrastructure conditions in those countries;
- weakness in domestic and worldwide macro-economic conditions,
currency exchange rate fluctuations or potential disruptions
in world credit and equity markets; terrorist activities, natural
disasters, or general economic or political instability and any
resulting disruption in our supply chain or customer purchasing
patterns; and
- changes in tax rates or legislation, accounting standards and
other regulatory changes.
On February 25, 2015, Emulex
agreed to be acquired by Avago Technologies Limited (Nasdaq: AVGO),
subject to the satisfaction of certain conditions. Factors
related to the acquisition which could cause actual results to
differ from those projected or contemplated in any such
forward-looking statements include, but are not limited to, the
following factors: (1) the risk that the conditions to the
closing of the transaction are not satisfied, including the risk
that Avago may not receive a sufficient number of shares tendered
from Emulex stockholders to complete the tender offer;
(2) litigation relating to the transaction;
(3) uncertainties as to the timing of the consummation of the
transaction and the ability of each of Emulex and Avago to
consummate the transaction; (4) risks that the proposed
transaction disrupts the current plans and operations of Emulex or
Avago; (5) the ability of Emulex to retain and hire key
personnel; (6) competitive responses to the proposed
transaction; (7) unexpected costs, charges or expenses
resulting from the transaction; (8) potential adverse
reactions or changes to business relationships resulting from the
announcement or completion of the transaction; (9) Avago's
ability to achieve the growth prospects and synergies expected from
the transaction, as well as delays, challenges and expenses
associated with integrating Emulex with Avago's existing
businesses; and (10) legislative, regulatory and economic
developments.
All trademarks, trade names, service marks, and logos
referenced herein belong to their respective companies.
Additional Information about the Transaction and Where to
Find It
The tender offer described herein has not yet commenced. This
press release is for informational purposes only and shall not
constitute an offer to purchase or the solicitation of an offer to
sell any shares of the common stock of Emulex or any other
securities. Any offer will only be made pursuant to a tender offer
statement on Schedule TO, which will contain an offer to purchase,
form of letter of transmittal and other documents relating to the
tender offer (collectively, the "Tender Offer Materials"), each to
be filed with the U.S. Securities and Exchange Commission (the
"SEC") by Avago, Avago Technologies Wireless (U.S.A.) Manufacturing Inc. and Emerald Merger
Sub, Inc. In addition, Emulex will file with the SEC a
solicitation/recommendation statement on Schedule 14D-9 with
respect to the tender offer. Avago and Emulex expect to mail the
Tender Offer Materials, as well as the Schedule 14D-9, to Emulex
stockholders. Investors and security holders are urged to
carefully read these documents, as well as any other documents
relating to the tender offer or related transactions that are filed
with the SEC, when they become available, as they may be amended
from time to time, because these documents will contain important
information relating to the tender offer and related
transactions. Investors and security holders may obtain a free
copy of these documents after they have been filed with the SEC,
and other annual, quarterly and special reports and other
information filed with the SEC by Avago or Emulex, at the SEC's
website at www.sec.gov. In addition, such materials will be
available for free from Avago or Emulex by directing any requests
to investor relations at Avago or Emulex at the applicable phone
number or email address below.
A description of certain interests of the directors and
executive officers of Emulex is set forth in Emulex's Form 10-K/A,
Amendment No. 1, in Part III thereof, which was filed with the
SEC on October 27, 2014. A description of certain interests of
the directors and executive officers of Avago is set forth in
Avago's proxy statement for its 2015 annual meeting, which was
filed with the SEC on February 20, 2015. To the extent
holdings of either company's securities by their respective
directors and certain officers have subsequently changed, such
changes have been reflected on Forms 4 filed with the SEC.
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SOURCE Emulex Corporation