Emulex Corporation Fourth Quarter Fiscal 2012 Financial Results Conference Call Alert

  Emulex Corporation Fourth Quarter Fiscal 2012 Financial Results Conference
                                  Call Alert

PR Newswire

COSTA MESA, Calif., July 5, 2012

COSTA MESA, Calif., July 5, 2012 /PRNewswire/ --

WHAT:
         Emulex  Corporation's (NYSE:ELX) fourth quarter fiscal 2012 financial
         results conference call is scheduled for Thursday, August 9, 2012, at
         2 p.m. PDT (5 p.m. EDT). Emulex Chief Executive Officer Jim McCluney,
         President and Chief Operating Officer Jeff Benck, and Executive Vice
         President and Chief Financial Officer Michael Rockenbach will host
         the call.
         The conference call may be accessed live, via the Emulex website at
         http://investor.emulex.com. A replay of the call will be available
         for 12 months by accessing the IR Webcast Archive section of the
         Emulex website.
WHEN:
         Thursday, August 9, 2012, at 2 p.m. PDT
WHERE:
         Emulex website: www.emulex.com
CONTACT:
         Investor contact:         Press contact:
         Frank Yoshino            Katherine Lane
         Vice President, Finance   Director, Corporate Communications
         714-885-3697              714-885-3828 or katherine.lane@emulex.com

(Logo: http://photos.prnewswire.com/prnh/20120403/NE81278LOGO )

About Emulex
Emulex, the leader in converged networking solutions, provides
enterprise-class connectivity for servers, networks and storage devices within
the data center. The Company's product portfolio of Fibre Channel host bus
adapters, 10Gb Ethernet network interface cards, Ethernet-based converged
network adapters, controllers, embedded bridges and switches, and connectivity
management software are proven, tested and trusted by the world's largest and
most demanding IT environments. Emulex solutions are used and offered by the
industry's leading server and storage OEMs including, Cisco, Dell, EMC,
Fujitsu, Hitachi, Hitachi Data Systems, HP, Huawei, IBM, NEC, NetApp and
Oracle. Emulex is headquartered in Costa Mesa, Calif. and has offices and
research facilities in North America, Asia and Europe. More information about
Emulex (NYSE:ELX) is 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.
Emulex wishes to caution readers that a number of important factors could
cause actual results to differ materially from those in the forward-looking
statements. Those factors include among others, intellectual property claims,
with or without merit, that could result in costly litigation, cause product
shipment delays, require Emulex to indemnify customers, or require Emulex to
enter into royalty or licensing agreements, which may or may not be available.
Furthermore, Emulex has in the past obtained, and may be required in the
future to obtain, licenses of technology owned by other parties. Emulex cannot
be certain that the necessary licenses will be available or that they can be
obtained on commercially reasonable terms. If Emulex were to fail to obtain
such royalty or licensing agreements in a timely manner and on reasonable
terms, Emulex's business, results of operations and financial condition could
be materially adversely affected. Ongoing lawsuits, such as the action brought
by Broadcom Corporation ("Broadcom"), present inherent risks, any of which
could have a material adverse effect on Emulex's business, financial
condition, or results of operations. Such potential risks include continuing
expenses of litigation, risk of loss of patent rights and/or monetary damages,
risk of injunction against the sale of products incorporating the technology
in question, counterclaims, attorneys' fees, incremental costs associated with
product or component redesigns, and diversion of management's attention from
other business matters. With respect to the Broadcom litigation, such
potential risks also include the availability of an adequate sunset period of
time to make design changes, the ability to implement any design changes, the
availability of customer resources to complete any re-qualification or
re-testing that may be needed, the ability to maintain favorable working
relationships with Emulex suppliers of SerDes modules and the ability to
obtain a settlement that does not put Emulex at a competitive disadvantage. In
addition, the fact that the economy generally, and the technology and storage
segments specifically, have been in a state of uncertainty makes it difficult
to determine if past experience is a good guide to the future and makes it
impossible to determine if markets will grow or shrink in the short term. The
current economic downturn and the resulting disruptions in world credit and
equity markets that are creating economic uncertainty for Emulex's customers
and the storage networking market as a whole has, and could, continue to
adversely affect Emulex's revenues and results of operations. Furthermore,
the effect of any actual or potential unsolicited offers to acquire Emulex may
have an adverse effect on Emulex's operations. As a result of these
uncertainties, Emulex is unable to predict its future results with any
accuracy. Other factors affecting these forward-looking statements include,
but are not limited to, the following: faster than anticipated decline in the
storage networking market; slower than expected growth of the storage
networking market or the failure of Emulex's Original Equipment Manufacturer
(OEM) customers to successfully incorporate Emulex products into their
systems; Emulex's dependence on a limited number of customers and the effects
of the loss of, decrease in or delays of orders by any such customers, or the
failure of such customers to make timely payments; the emergence of new or
stronger competitors as a result of consolidation movements in the market; the
timing and market acceptance of Emulex products or Emulex OEM customers' new
or enhanced products; costs associated with entry into new areas of the
storage technology market; the variability in the level of Emulex's backlog
and the variable and seasonal procurement patterns of Emulex's customers; any
inadequacy of Emulex's intellectual property protection and the costs of
actual or potential third-party claims of infringement and any related
indemnity obligations or adverse judgments; impairment charges, including but
not limited to goodwill and intangible assets; changes in tax rates or
legislation; the effects of acquisitions; the effects of terrorist activities;
natural disasters, such as the earthquake and resulting tsunami off the coast
of Japan in March 2011 and the significant flooding in various parts of
Thailand in October 2011, and any resulting disruption in Emulex's supply
chain or customer purchasing patterns or any other resulting economic or
political instability; the highly competitive nature of the markets for Emulex
products as well as pricing pressures that may result from such competitive
conditions; the effects of changes in Emulex's business model to separately
charge for software; the effect of rapid migration of customers towards newer,
lower cost product platforms; possible transitions from board or box level to
application specific integrated circuit ("ASIC") solutions for selected
applications; a shift in unit product mix from higher-end to lower-end or
mezzanine card products; a faster than anticipated decrease in the average
unit selling prices or an increase in the manufactured cost of Emulex
products; delays in product development; Emulex's reliance on third-party
suppliers and subcontractors for components and assembly; Emulex's ability to
attract and retain key technical personnel; Emulex's ability to benefit from
research and development activities; Emulex's dependence on international
sales and internationally produced products; changes in accounting standards;
and the potential effects of global warming and any resulting regulatory
changes on Emulex's business. These and other factors that 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.

SOURCE Emulex Corporation

Website: http://www.emulex.com