Warning: the purported EMLX press release at the end of this post is a hoax.
The headline of the the bogus EMLX "press release" (or at least one version of it) included two fraudulent claims that weren't repeated in the body of the release (a subtle clue that the release was a hoax):
1. The SEC was investigating, and
2. the CEO had resigned.
According to a Yahoo post made by "charles_ptrs" before the hoax was revealed, the beginning of the release read as follows:
Emulex Announces Revised Earnings
SEC Launches Investigation Into Accounting Practices. Paul Folino Steps Down As CEO.
COSTA MESA, CA -- (INTERNET WIRE) -- 08/25/2000 -- Emulex Corp. (Nasdaq: EMLX), the world's largest supplier of fibre channel adapters, Friday announced that last quarter's earnings will be revised and will fall short of previously announced earnings. Net income for the fourth quarter of fiscal 2000 will be revised to a loss $0.15 per diluted share, compared with net income of $3.0 million, or $0.10 per diluted share, for the same quarter a year ago. Earnings for Q4 were reported as $0.25 per share, however 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 of a broad line of Fibre Channel host adapters, hubs, ASICs and software products that provide connectivity solutions for Fibre Channel storage area networks (SANs), network attached storage (NAS) and RAID. The company's products are based on internally developed ASIC technology, and are deployable across a variety of SAN configurations and operating systems, enhancing data flow between computers and peripherals.
Emulex's products offer customers the unique combination of critical reliability, scalability and high performance, and can be customized for mission-critical server and storage system applications. Emulex products have been selected by the world's leading server and storage providers, including Compaq, EMC, Fujitsu-Siemens, Groupe Bull, Hewlett-Packard, Hitachi Data Systems, IBM, NEC and Unisys. In addition, Emulex includes industry leaders Brocade, Intel, McData, Microsoft, Legato and VERITAS among its strategic partners.
EMULEX -- the fibre channel company
messages.yahoo.com |
