COSTA MESA, Calif.,
April 8, 2015 /PRNewswire/
-- Emulex Corporation (NYSE: ELX), a leader in network
connectivity, monitoring and management, today announced that its
10Gb Ethernet (10GbE) technology is being used in the HP Ethernet
10Gb 2-port 557SFP+ Adapter PCI Express (PCIe) 3.0 Network
Interface Card (NIC) for the HP ProLiant Gen9 rack and tower
servers. Utilizing Emulex's newest 10GbE technology in the latest
generation PCI 3.0 format helps HP deliver leading-edge
performance, value and simplicity with advanced features and
functionality for enterprise virtualization and hybrid cloud
deployments.
Tweet This: #Emulex advanced #10GbE networking enhances
HP @ProLiant #Gen9 platforms: http://ow.ly/Li8m1
"Emulex offers a broad portfolio of I/O connectivity solutions
for HP ProLiant Gen9 servers, delivering comprehensive coverage
across form factors as well as networking and storage protocols,"
said Shaun Walsh, senior vice
president of marketing, Emulex. "The HP 557SFP+ NIC delivers
exclusive Emulex advanced features such as RDMA over Converged
Ethernet (RoCE) and tunnel offloading, giving customers the
functionality they need as they leverage next generation
technologies in their data centers, such as network functions
virtualization (NFV), hybrid cloud overlay networks and RoCE."
The HP 557SFP+ NIC, based on Emulex OneConnect® Ethernet Network
Adapter technology, delivers the following key benefits for HP
ProLiant Gen9 environments:
- Increased Networking Performance: The HP 557SFP+ NIC
enables up to four times better small packet processing performance
than the previous generation adapter1.
Improvements in small packet processing performance are important
for accelerating Voice over IP (VoIP), mobile messaging, gaming,
and select NFV applications.
- Superior Server CPU Effectiveness with Tunnel Offloads:
The HP 557SFP+ NIC includes the industry's only hardware offload
support for Virtual Extensible Local Area Network (VXLAN) running
on VMware and Network Virtualization using Generic Routing
Encapsulation (NVGRE) tunnels, designed to simplify virtual machine
(VM) mobility and network scalability while optimizing server
performance when compared to adapters that lack offload
capability.
- More I/O Per Unit of Server CPU: For hybrid cloud
overlay networks, the HP 557SFP+ NIC provides increased throughput
by up to 143 percent and increased CPU effectiveness by up to 46
percent vs. adapters without overlay networking
offload1, further optimizing server performance.
- Accelerated Network Attached File Storage (NAS) I/O:
Accelerated file storage I/O enhances Microsoft applications with
exclusive, high performance SMB Direct with RoCE networking
hardware offload support. RoCE reduces I/O response time and server
CPU consumption for NAS infrastructures by bypassing software,
thereby reducing CPU utilization for fast data transfer.
"In today's cloud and mobile-first world, customers face
challenges with increasingly complex network traffic patterns,
increases in small packets, need to improve responsiveness, and
doing more with less," said McLeod
Glass, vice president, ProLiant Rack and Tower Product
Management, HP. "The new HP 557SFP+ NIC, based on Emulex OneConnect
technology, adds to the extensive Emulex I/O adapter portfolio we
offer our HP ProLiant customers, giving them the flexibility,
protocol choice and performance they need, while reducing total
cost of ownership. The advanced 10GbE capabilities in the HP
557SFP+ NIC, including tunnel offload support, boosts HP ProLiant
server performance and increases overall server efficiency, which
is key to maximizing host VM density, accelerating performance, and
increasing the efficiency of applications such as Microsoft Hyper-V
Live Migration, SQL Server and Microsoft SharePoint with SMB
Direct."
The HP 557SFP+ NIC with Emulex technology became generally
available on March 30, 2015. For more
information on this product or any other HP/Emulex products, please
visit http://www.emulex.com/hp.
- IT BrandPulse Test Report, "OCe14000 Performance," October 2014
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
|
Brian Alberti
|
Senior Director, Corporate and
Marketing
|
Davies Murphy Group for Emulex
|
Communications
|
+1
781-418-2403
|
+1 714-885-3828
|
emulex@daviesmurphy.com
|
katherine.lane@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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