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Emulex Reaches Deal with Activist Investors, Chairman McCluney Out

Emulex Corp.’s ongoing battle with activist investors came to a head Monday when the Costa Mesa-based networking equipment maker announced that Executive Chairman and former Chief Executive Jim McCluney will step down.

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Emulex Reaches Deal with Activist Investors, Chairman McCluney Out

Emulex Corp.’s ongoing battle with activist investors came to a head Monday when the Costa Mesa-based networking equipment maker announced that Executive Chairman and former Chief Executive Jim McCluney will step down.

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Emulex Up on Word of Possible Sale

Shares of networking equipment maker Emulex Corp. surged Wednesday on reports the Costa Mesa-based company hired Goldman Sachs to seek a potential sale.

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Emulex Down 10% on Current Quarter Outlook

Shares of Costa Mesa-based Emulex Corp. were down about 10% in afternoon trading, a day after the networking equipment maker recorded mixed financial results for the December quarter and gave a revenue and profit outlook in the current quarter below Wall Street expectations.

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Emulex Posts Mixed Results

Costa Mesa-based networking equipment maker Emulex Corp. on Thursday recorded mixed financial results for the December quarter and gave a revenue and profit outlook in the current quarter below Wall Street expectations.

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