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Emulex Continues FCoE CNA Market Share Leadership
Company Leads the Market with 56 Percent Market Share According to Infonetics
COSTA MESA, Calif., June 15, 2010 - Emulex Corporation (NYSE:ELX) today announced that it continues to lead in the Fibre Channel over Ethernet (FCoE) Converged Network Adapter (CNA) market according to the Q1 2010 Storage Networking report from Infonetics. According to the report, for the fourth quarter in a row, Emulex has maintained its leadership in this emerging, high-growth market, with 56 percent of the overall market share revenue for the first quarter of 2010.
Since Emulex introduced its new OneConnect™ Universal CNAs (UCNAs) last year, Emulex has announced design wins with Dell, EMC, Hitachi Data Systems, HP, IBM and NetApp and anticipates revenue from these products to ramp during the second half of this year. Emulex is working with the leading switch, server and storage ecosystem partners to drive the transitions to 10Gb/s Ethernet-based network convergence across all network protocols, including IP, iSCSI and FCoE, with its unique pay-as-you-go model. This leadership combined with Emulex's management and software capabilities, including OneCommand™ Manager and OneCommand Vision, position the Company to expand its leadership as the market matures.
"The FCoE market continues to be fueled by an expanding ecosystem, customer adoption and superior technology, such as our OneConnect UCNA architecture that allows for 'one-wire' connectivity and compelling CAPEX and OPEX benefits, so it's no surprise that we continue to lead this market," said Steve Daheb, chief marketing officer and senior vice president of business development, Emulex. "We continue to expand our footprint in the data center, racking-up design wins with all of the largest server and storage OEMs and we fully anticipate continuing to broaden our leadership in the network convergence space this year, particularly if we complete the proposed acquisition of ServerEngines."
For more information on this report, please visit: www.infonetics.com.
To learn more about Emulex, please visit: http://www.emulex.com
Follow Emulex on Twitter: www.twitter.com/emulex
About Emulex
Emulex is the leader in converged networking solutions for the data center. Our Connectivity Continuum architecture provides intelligent networking services that transition today's infrastructure into tomorrow's unified network ecosystem. Emulex provides a single framework that intelligently connects every server, network and storage device within the data center. Through strategic collaboration and integrated partner solutions, Emulex provides its customers with industry leading business value, operational flexibility and strategic advantage. Emulex is listed on the New York Stock Exchange (NYSE:ELX) and has corporate headquarters in Costa Mesa, California. News releases and other information about Emulex Corporation are available at www.emulex.com.
Emulex 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 include forward-looking statements that involve risk and uncertainties. These forward-looking statements include, among other things, statements concerning Emulex's proposed acquisition of ServerEngines, including anticipated timing of close, anticipated benefits expected from the acquisition, expected impact on the Company's results of operations and financial condition, and expected market opportunities; as well as expectations of other future events and future performance. Emulex wishes to caution readers that a number of significant factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated benefits of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, and other risks inherent in acquisitions of businesses, including unanticipated costs and expenditures, potential changes in relationships with strategic partners, potential contractual or intellectual property issues, and potential accounting charges and write-downs; as well as changes in economic and industry conditions and the effects of ongoing global economic uncertainty, changes in end user demand for technology solutions; the effect of any actual or potential unsolicited offers to acquire Emulex; Emulex's dependence on a limited number of customers and the effects of the loss of, or decrease or delays in orders by, any such customers, or the failure of such customers to make payments; the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the effect of rapid migration of customers towards newer, lower cost product platforms; slower than expected growth of the storage networking market or the failure of our OEM customers to successfully incorporate our products into their systems; delays in product development; the highly competitive nature of the markets for our products; our ability to gain market acceptance for our products; any inadequacy of Emulex's intellectual property protection or the potential for third-party claims of infringement; Emulex's ability to attract and retain skilled personnel; and Emulex's reliance on third-party suppliers. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in Emulex's filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q. Statements in this release are based on current expectations and, except as required by law, Emulex undertakes no obligation to revise or update any forward-looking statements for any reason. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
