COSTA MESA, Calif.,
March 19, 2015 /PRNewswire/
-- Emulex Corporation (NYSE:ELX), a leader in network
connectivity, monitoring and management, today announced the latest
release of the Emulex Pilot™ integrated Baseboard Management
Controller (iBMC) solution. The Pilot 4 iBMC has been optimized for
use with the next generation Intel server platform, which includes
significant feature enhancements including a new unique high-speed
interface between the BMC and Intel-based processors. Emulex also
announced initial sampling of Pilot 4 to server and storage
Original Equipment Manufacturers (OEMs) with general availability
planned for 2016.
Tweet This: .@Emulex Announces Pilot 4 iBMC and Server
and Storage OEM Sampling: http://ow.ly/KwYE6
"Emulex has worked very closely with Intel to develop the new
features and capabilities of the forthcoming Pilot 4 iBMC chip,
including collaboration with Intel to implement the new Enhanced
Serial Peripheral Interface (eSPI) bus interface," said
Shaun Walsh, senior vice president
of marketing, Emulex. "Pilot 4 is optimized for the next generation
Intel server platform and will also include improved processing
power, faster memory performance, upgraded security, and enhanced
graphics for a full-featured, powerful management controller
designed for high-performance enterprise environments."
Emulex Pilot 4 will feature a variety of functional upgrades to
support increased performance and flexibility in remote management
environments for enterprise-class data center customers, including
an upgraded BMC processor complex, increased memory using a fourth
generation memory interface (DDR4) to double memory speed, improved
security, enhanced graphics, and other upgrades to support next
generation Intel server platforms. Emulex Pilot 4 will maintain
generational firmware compatibility with Pilot 3, so the firmware
investments already made by customers can be leveraged in Pilot
4.
"Enhanced Serial Peripheral Interface (eSPI) is a technology
that will be replacing the LPC bus in upcoming CPU generations,"
said Jim Pappas, director of
technology initiatives, Intel Corporation. "Intel is pleased
to see BMC vendors like Emulex supporting this feature fully in
their next generation parts – like the Pilot 4 – allowing for a
smooth and timely transition in the industry."
The Emulex Pilot iBMC, when embedded in a server system, storage
platform or appliance, simplifies the management of the remote
server systems and appliances, reducing operational costs to data
center managers. By integrating the BMC, super I/O, graphics
controller and remote keyboard, video, mouse and storage (KVMS)
functionality into a single ASIC, Emulex Pilot provides significant
cost savings to data center managers. The Emulex Pilot iBMC
includes Emulex ClearKVM™ technology, in which the remote
administrator's management experience is just like being at the
server.
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
|
Brian
Alberti
Davies Murphy Group
for Emulex
+1
781-418-2403
Emulex@daviesmurphy.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.
Logo -
http://photos.prnewswire.com/prnh/20150108/167878LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/emulex-announces-new-pilot-4-ibmc-300052994.html
SOURCE Emulex Corporation