Emulex Secondary effective this AM- Being well received.
Emulex Corporation Announces Commencement of Public Stock Offering
COSTA MESA, Calif.--(BUSINESS WIRE)--May 20, 1999--Emulex Corporation (NASDAQ: EMLX) today announced the commencement of a public offering of 2,100,000 shares of Common Stock at a price of $61.00 per share. Of the 2,100,000 shares being offered, 2,000,000 shares are being offered by the Company and 100,000 shares are being offered by a selling shareholder. The Company will not receive any of the proceeds from the sale of shares by the selling shareholder. The Company has also granted the Underwriters an option to purchase up to an additional 315,000 shares to cover over-allotments, if any. An underwriting group led by BancBoston Robertson Stephens Inc., Dain Rauscher Wessels, a division of Dain Rauscher Inc., Morgan Keegan & Company, Inc. and Needham & Company, Inc. will offer the shares.
Net proceeds from the offering will be used for working capital and general corporate purposes.
Emulex Corp. is a leading designer, developer and supplier of a broad line of fibre channel host adapters, hubs, ASICs and software products that enhance access to and storage of electronic data and applications. The company also designs, develops and markets traditional networking products such as printer servers and network access products, including communications servers and WAN adapters. As an early fibre channel market entrant with a high-performance networked storage connectivity solution, the company has leveraged its expertise to achieve over 90 design wins and secure significant customer relationships with over 20 key OEMs, including Compaq, Data General, EMC, Hitachi, IBM, Sequent and Siemens.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.
A final prospectus relating to the offering may be obtained from BancBoston Robertson Stephens Inc. at 555 California St., San Francisco, CA 94104 at (415)781-9700; Dain Rauscher Wessels, a division of Dain Rauscher Inc., at 60 S. 6th St., Minneapolis, MN 55402 at (612)371-2800; Morgan Keegan & Company, Inc. at 50 North Front Street, Memphis, TN 38103 at (901) 579-4100; or Needham & Company, Inc. at 445 Park Avenue, New York, NY 10022 at (212)371-8300.
CONTACT:
Emulex Corporation
Michael J. Rockenbach, 714/513-8213
mike.rockenbach@emulex.com
emulex.com |
