COSTA MESA, Calif.,
March 23, 2015 /PRNewswire/
-- Emulex Corporation (NYSE: ELX), a leader in network
connectivity, monitoring and management, today announced it has
been awarded a 5-Star rating in The Channel Company's CRN 2015
Partner Program Guide. This annual directory is the definitive
listing of technology vendors that have the best programs for their
IT channel partners. The 5-Star Partner Program rating recognizes
an elite subset of companies that offer solution providers the best
partnering elements in their channel programs.
Tweet This: .@Emulex Awarded CRN 2015 Partner Program
Guide 5-Star Rating: http://ow.ly/KERcS
The Emulex Connect™ Partner Program arms resellers with the
tools, resources, and incentives to drive best-of-breed I/O
technologies and joint solutions into the channel, enabling the
highest-performing data centers across the globe. The three-tiered
partner community includes a loyalty program, incentives throughout
the sales cycle, and streamlined deal registration and web
enablement.
"Data center trends like virtualization, cloud computing and the
Internet of Things (IoT) are creating huge opportunities for the
channel," said Shaun Walsh, senior
vice president of marketing, Emulex. "Our Emulex Connect Partner
Program is focused on putting our next generation technologies into
the hands of our partners, and is designed to support their success
with a full range of portfolio solutions at competitive prices, as
well as world class training and support."
To determine the 2015 5-Star recipients, The Channel Company's
Research team assessed each vendor's application based on
investments in program offerings, partner profitability, partner
training, education and support, marketing programs and resources,
sales support and communication.
"Solution providers have a lot of choices when it comes to
selecting vendor partners. Identifying the right vendor, with the
right technologies, and the right approach can make all the
difference," said Robert Faletra,
CEO, The Channel Company. "Our annual Partner Program Guide and
5-Star rating recognizes the best channel programs available in the
market today to help solution providers determine which vendors
deliver the best partner elements for their individual business
goals."
The 2015 Partner Program Guide will be featured in the April
issue of CRN, and online at www.CRN.com.
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.
About The Channel Company
The Channel Company, with
established brands including CRN, XChange Events, IPED and
SharedVue, is the channel community's trusted authority for growth
and innovation. For more than three decades, we have leveraged our
proven and leading-edge platforms to deliver prescriptive sales and
marketing solutions for the technology channel. The Channel Company
provides Communication, Recruitment, Engagement, Enablement, Demand
Generation and Intelligence services to drive technology
partnerships. Learn more at www.thechannelcompany.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.
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SOURCE Emulex Corporation