Re: [EMLX - Warning This is a Fake PR!] Emulex Announces Revised Earnings
Emulex Announces Revised Earnings
FRIDAY, AUGUST 25, 2000 9:30:00 AM EST
COSTA MESA, CA, Aug 25, 2000 (INTERNET WIRE via COMTEX) -- Emulex Corp. EMLX, the world's largest supplier of fibre channel adapters, announced that last quarter's earnings will be revised and will fall short of previously announced Net income for the fourth quarter of fiscal will be revised to a loss $0.15 per diluted share, compared with net income of $3.0 million, or per diluted share, for the same quarter a year Earnings for Q4 were reported as $0.25 per share, due to compliance with generally accepted accounting principles, revisions were made. Net Earnings for fiscal 1998 and 1999 will also be revised. A press release with more detail will be submitted today at 5:00 pm EST.
Emulex is a leading designer, developer and supplier a broad line of Fibre Channel host adapters, hubs, and software products that provide connectivity for Fibre Channel storage area networks (SANs), network attached storage (NAS) and RAID. The products are based on internally developed technology, and are deployable across a variety SAN configurations and operating systems, enhancing flow between computers and peripherals.
Emulex's products offer customers the unique combination of critical reliability, scalability and performance, and can be customized for mission-critical server and storage system applications. Emulex products have been selected by world's leading server and storage providers, including Compaq, EMC, Fujitsu-Siemens, Groupe Bull, Hitachi Data Systems, IBM, NEC and In addition, Emulex includes industry leaders Intel, McData, Microsoft, Legato and VERITAS its strategic partners.
EMULEX -- the fibre channel company
``Safe Harbor'' Statement under the Private Securities Reform Act of 1995: With the exception of information, the statements set forth above forward-looking statements that involve risk uncertainties. The company wishes to caution readers that a number of important factors could cause results to differ materially from those in the statements. Those factors include the the fact that the company's markets are characterized by rapidly changing technology, evolving standards and frequent introductions of new and enhancements, and the company's ability respond to such changes; maturation in the network server and printer server products; the fact the fibre channel market is at an early stage of development; the highly competitive nature of the markets for the company's products; the company's ability to attract and retain skilled personnel; the reliance on third party suppliers for components used in the company's products and on manufacturing subcontractors that assemble anddistribute the company's products; the company's reliance on certain OEMs, distributors and key customers; and potential fluctuations in the company's effective tax rate. These and other factors which could cause actual results to differ materially those in the forward-looking statements are also in the company's filings with the Securities Exchange Commission, including its recent filings Form 10-K and Form 10-Q.
Note to Editors: This news release refers to various and companies by their trade names. In most, not all, cases these designations are claimed as or registered trademarks by their respective companies.
CONTACT:RobinSchnug
Emulex Corp.
714-513-8152
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