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    Emulex Reports Record Second Quarter Results..... - 500 Beiträge pro Seite

    eröffnet am 18.01.01 22:47:16 von
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      schrieb am 18.01.01 22:47:16
      Beitrag Nr. 1 ()
      Für alle die in Emulex investiert sind oder noch einsteigen möchten:

      Thursday January 18, 4:31 pm Eastern Time
      Press Release
      Emulex Reports Record Second Quarter Results
      Fibre Channel Business Continues to Accelerate, Expanding 37% Sequentially
      COSTA MESA, Calif.--(BUSINESS WIRE)--Jan. 18, 2001--Emulex Corp. (Nasdaq:EMLX - news), the world`s largest supplier of Fibre Channel adapters and a leader in storage networking, Thursday announced results for its second fiscal quarter ended Dec. 31, 2000.


      Revenues expanded to a record $71.1 million, up 112% from the $33.6 million reported for the same quarter a year ago. Net income for the second quarter of fiscal 2001 rose to a record $19.4 million, or $0.25 per diluted share, compared with net income of $8.8 million, or $0.11 per diluted share, for the same quarter a year ago.

      Net income for the second quarter of fiscal 2001 includes a one-time gain of $1.9 million, or $0.01 per diluted share net of tax, arising from a gain on a strategic investment. Net income for the second quarter of the prior fiscal year benefited from a lower effective tax rate of 10%, while the recorded effective tax rate for the second quarter of fiscal 2001 amounted to 38%.

      Excluding the one-time investment gain and assuming a 38% tax rate for both fiscal years, net income for the second quarter of fiscal 2001 amounted to $18.2 million or $0.23 per diluted share, an expansion of more than 200% from net income of $6 million, or $0.08 per diluted share, for the same quarter a year ago.

      Per share figures include the effect of the company`s most recent two-for-one stock split, which became effective on Dec. 15, 2000.

      Fibre Channel momentum accelerated during the second fiscal quarter, as Fibre Channel host bus adapter (HBA) revenues grew 37% sequentially, compared with the 30% sequential expansion achieved in the first fiscal quarter.

      Paul F. Folino, president and chief executive officer, stated: ``We experienced rising demand from substantially all of our key customers during the second quarter, illustrating widespread growth in networked storage solutions enabled by Fibre Channel, which grew to 97% of total revenue.

      ``In addition to the across-the-board sequential expansion in demand that we saw from our largest OEM customers, distribution revenue expanded by over 60% sequentially, as our newly launched ETIP and EARN reseller initiatives created new awareness and demand pull for the Emulex storage networking product family.

      ``As a result of growing demand, total Fibre Channel backlog also expanded by 36% sequentially to approximately $80 million at the end of the second fiscal quarter.`` In addition, Emulex continued to capture new Fibre Channel OEM business during the period, most recently announcing an agreement to provide LightPulse® ASIC target solutions to EMC for use in its flagship Symmetrix storage system.

      On Dec. 7, 2000, Emulex announced the pending acquisition of Giganet Inc., a development-stage company specializing in IP storage networking solutions. ``The response to this strategic move has been exceptionally positive, with OEMs, industry analysts and strategic partners recognizing the value of our planned support for both Fibre Channel and IP-based networked storage solutions,`` noted Folino.

      ``While we anticipate that Fibre Channel will continue as the mainstay of storage networking for the foreseeable future, emerging applications expected to be served by IP storage promise to offer significant incremental market opportunities for Emulex in coming years.``

      Operating margin expanded during the second quarter to 37%, well above planned levels of 30%, bolstered by incremental Fibre Channel revenues and an expansion in gross margin to 53%, versus the 50% achieved in the first quarter. As a result, operating income for the second fiscal quarter grew to a record $26.1 million, up 47% sequentially and up 238% from a year ago.

      For the six-month period ended Dec. 31, 2000, revenues expanded to a record $126.5 million, up 102% from the $62.5 million reported for the same period a year ago. Net income for the first half of fiscal 2001 rose to a record $32.2 million, or $0.41 per diluted share, compared with net income of $15.6 million, or $0.20 per diluted share, for the same period a year ago.

      Net income for the first six months of fiscal 2001 included a one-time gain of $1.9 million, or $0.01 per diluted share net of tax, arising from a gain on a strategic investment. Net income for the first half of the prior fiscal year benefited from a lower effective tax rate of 10%, while the recorded effective tax rate for the first half of fiscal 2001 amounted to 38%.

      Excluding the one-time investment gain and assuming a 38% tax rate for both fiscal years, net income for the first half of fiscal 2001 amounted to $31 million or $0.40 per diluted share, an expansion of 189% from net income of $10.7 million, or $0.14 per diluted share, for the same period a year ago.

      Business Outlook

      The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially based on a variety of factors, including those set forth in the discussion below as well as in the ``safe harbor`` statement at the end of this news release.

      As the largest supplier of Fibre Channel host bus adapters in the industry, Emulex believes that its long-term growth rate for Fibre Channel revenue will approximate the growth of the market. IDC currently estimates that the market for Fibre Channel host bus adapters will grow at an average of 60% per year through 2003, or approximately 10-12% sequentially per quarter.

      Other factors that can positively affect Emulex`s quarterly revenue growth include launches of new Fibre Channel-enabled products by Emulex OEMs, Emulex entry into previously unaddressed Fibre Channel market or product sectors, displacement of legacy SCSI solutions or internally designed Fibre Channel solutions at OEMs by Emulex Fibre Channel products, and faster-than-expected market growth.

      Conversely, factors that can negatively impact Emulex`s quarterly revenue growth include delays in OEM launches of products enabled by Emulex Fibre Channel solutions, economic conditions, competitive pressures, pricing pressures, component availability and manufacturing capacity or other factors that might impede Emulex`s ability to meet demand, technological challenges and slower-than-expected market growth.

      With respect to revenues, for the third fiscal quarter ending March 2001, Emulex believes that the current level of demand, if it continues, could support sequential revenue growth in its Fibre Channel business of approximately 15-17%.

      Based on current market conditions, Emulex continues to believe that a market growth forecast of about 11% in sequential quarterly revenue growth is the most appropriate guideline for subsequent quarters. The company`s traditional networking business, which amounted to $2.2 million in the second fiscal quarter, is expected to contribute negligible revenues in succeeding quarters.

      The company expects to complete its pending acquisition of Giganet by the close of the third fiscal quarter, but revenues associated with the development-stage Giganet operation are expected to be immaterial in fiscal 2001.

      Although the company believes that revenues from Giganet`s operations could reach $10 million in fiscal 2002, this forecast is subject to significant change, as Giganet`s flagship products have not yet entered the market.

      As a result, Emulex believes that total revenues could expand to as much as $80 million in the third quarter ending March 2001, and up to approximately $295 million for the fiscal year ending June 2001.

      For the fiscal year ending June 2002, with the continuation of current market conditions and subject to the various market factors described above, Emulex believes revenues could grow to approximately $475 million.

      The company had previously targeted a 30% operating margin on a pro-forma basis, excluding acquisition-related charges relating to the Giganet acquisition.

      The Giganet acquisition-related charges, which will include amortization of goodwill and other intangibles, merger and acquisition expenses, and non-cash compensation charges, are expected to approximate or exceed Emulex`s pretax earnings in the near term.

      Given the incremental revenues and improved gross margin from its Fibre Channel business, the company now believes that on a pro-forma basis, operating margin could amount to 34% in the third fiscal quarter and 32% in the fourth fiscal quarter of 2001, before returning to approximately 31% in fiscal 2002.

      ``Our financial goal is to work towards operating expenses of approximately 20% of revenue on a pro-forma basis, a model which we believe is most compatible with a sustainable growth business in our industry sector,`` noted Mike Rockenbach, chief financial officer.

      ``The pending acquisition of Giganet will expand our employee base by approximately 50%, and should enable us to achieve our target levels of investment in engineering and sales and marketing subsequent to its anticipated closing in the March 2001 quarter.``

      At present, other income of approximately $3.2 million per quarter and the company`s tax rate of 38% is expected to remain unchanged through the fiscal year ending June 2002.

      After adjusting for the recent 2-for-1 stock split and assuming the pending acquisition of Giganet closes by March 2001, Emulex now believes that it can achieve pro-forma earnings per diluted share of about $0.23 in the third fiscal quarter, ending March 2001, up from its prior forecast of $0.19.

      Emulex now believes it can achieve up to $0.85 in pro-forma earnings per diluted share in fiscal 2001, up from its December 2000 forecast of $0.74. For fiscal 2002, Emulex believes it can achieve up to $1.10 in pro-forma earnings per share, up from its December 2000 forecast of $1.

      About Emulex

      Emulex is a leading designer, developer and supplier of a broad line of Fibre Channel host bus adapters, hubs, ASICs and software products that provide connectivity solutions for Fibre Channel storage area networks (SAN), 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, system buses 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, INRANGE, Intel, McDATA, Microsoft, Legato, and Veritas among its strategic partners.

      Emulex markets to OEMs and end users through its own worldwide selling organization, as well as two-tier distribution partners. Corporate headquarters are located in Costa Mesa. News releases and other information about Emulex are available via the Internet at http://www.emulex.com.

      EMULEX -- We network storage

      ``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. The company 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 the following: Emulex`s and Giganet`s markets are characterized by rapidly changing technology, evolving industry standards and frequent introductions of new products and enhancements, and the combined companies may not be able to respond to such changes on a timely basis; the fibre channel and IP market are at early stages of development; changes in economic conditions or changes in end-user demand for technology solutions, including the possibility of slower than expected growth in demand for Fibre Channel solutions; possible delays in OEM launches of products enabled to the company`s solutions; Giganet`s VI/IP products remain in the development stage and are subject to significant technical, competitive and market acceptance risks; the acquisition of Giganet is subject to a number of customary closing conditions which could prevent or delay the closing of the pending acquisition; the ability of Emulex to effectively integrate Giganet`s operations into its own upon completion of the pending acquisition; the highly competitive nature of the markets for Emulex`s and Giganet`s products as well as pricing pressures that may result from such competitive conditions; the combined companies` ability to attract and retain skilled personnel; the companies` reliance on third-party suppliers for components used in the companies` products and on manufacturing subcontractors that assemble and distribute the company`s products; the companies` reliance on certain OEMs, distributors and key customers; potential losses on strategic business investments; and potential fluctuations in Emulex`s future effective tax rate. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in the company`s filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q.

      Note to Editors: This news release refers to various products and companies by their trade names. In most, if not all, cases these designations are claimed as trademarks or registered trademarks by their respective companies



      http://biz.yahoo.com/bw/010118/ca_emulex_2.html
      Avatar
      schrieb am 18.01.01 23:35:12
      Beitrag Nr. 2 ()


      Nasdaq Most Active – Pre-Market / After Hours AMEX / NYSE
      January 18, 2001 17:29 - After Hours Market Open

      $97.125 $107.0625 +10.23% 183,300vol

      :laugh:
      Avatar
      schrieb am 18.01.01 23:55:38
      Beitrag Nr. 3 ()
      @berniek
      was willst du damit sagen ????

      Avatar
      schrieb am 22.01.01 17:04:00
      Beitrag Nr. 4 ()
      Wieso gibt es bei diesem Wert keine Gewinnmitnahmen?
      Steigt der nur noch?
      Jetzt nachkaufen/einsteigen?
      Avatar
      schrieb am 24.01.01 12:02:16
      Beitrag Nr. 5 ()
      Huhu, interessiert sich sonst noch jemand für den Wert?
      In den USA werden täglich Millionen davon gehandelt, bei und einige Hundert, wenn`s hochkommt.

      Bei Suntrade kam Anfang des Jahres 2001 eine Zusammenfassung:
      Der Kurs war "damals" 69,88 US-$...

      Eine Top Aktie für 2001 die aus Sicht der Charttechnik hohes Aufwärtspotenzial beweist.
      EMULEX hat große Erfahrung im Bereich von Netzwerkprodukten wie Printer Server und Network Access Solution gesammelt und als einer der ersten Hersteller die Vision des Fibre Channel erkannt. EMULEX vertreibt heute die Produkte weltweit an OEMs und über die Distribution. EMULEX hat die Entwicklung und Produktion der klassischen Netzwerkprodukte eingestellt, um sich komplett auf Fibre Channel konzentrieren zu können. Alle Produkte sind Eigenentwicklungen, die ständig weiter optimiert werden. Damit stellt EMULEX den erreichten Vorsprung sicher. Im Bereich Fibre Channel zählen die Produkte heute mit Abstand zu den innovativsten, und zuverlässigsten Lösungen im Markt das bestätigen zahlreiche Auszeichnungen von Unternehmen wie Compaq, Data General, EMC, Fujitsu, Hitachi, IBM, Sequent, Siemens, Unisys etc.. Im Laufe der letzten zwei Jahre gewannen die Fibre Channel Produkte von Emulex zunehmend an Bedeutung im Wachstumsmarkt des Storage Area Network (SANs) und erreichen somit den Status, den die Printer Server und die Network Access Solutions, vor allem die Communication Server und die WANAdapter, seit über einem Jahrzehnt innehaben: Denn Produkte von Emulex bieten sowohl in historisch gewachsenen, Netzwerken als auch in modernen ITUmgebungen eine universelle, zuverlässige und robuste Arbeitsplattform.


      Was bedeutet Fiber Channel?
      FiberChannel ist eine Übertragungstechnik, die für PunktzuPunkt Verbindungen zwischen Computersystemen und deren Peripherie Einheiten (Festplatten usw.) entwickelt wurde. Der wesentliche Vorteil von FiberChannel ist, daß die extrem hohen Übertragungsgeschwindigkeiten (133 Mbit/s, 266 Mbit/s, 531 Mbit/s und 1,0625 Gbit/s) bereits mit heute existierenden Technologien realisiert werden können. Das betrifft auch die einsetzbaren Übertragungsmedien: Spezifiziert sind Lichtwellenleiter , Koaxialkabel und STP Kabel, die auf der untersten Ebene, FC 0, den physischen Transport der Datenpakete übernehmen. Die maximalen Übertragungsraten sind abhängig von dem benutzten Übertragungsmedium und der zu überbrückenden Entfernung. So werden mit STP oder Koaxialkabeln bei 1.0625 Gbit/s Übertragungsgeschwindigkeit maximal 24 m erreicht, mit Monomodefasern hingegen zwischen 2 km und 10 km ohne Verstärker und bis zu 40 km mit speziellen Verstärkern. Multimodefasern können bei gleicher Übertragungsgeschwindigkeit für Strecken von bis zu 500 m eingesetzt.
      FiberChannel wird sich im HighEnd Bereich des Hochgeschwindigkeitstransfers etablieren, es ist weniger für den universellen LANEinsatz mit wechselnden Verkehrsprofilen geeignet, sondern ideal für Speichernetzwerke , SAN, und wegen der vorhersagbaren Übertragungszeiten auch für Video –Übertragungen LightPulse und bedeutet zweierlei:
      Fibre Channel PCIAdapterKarten und Fibre Channel Hubs. Die Unterstützung aller FCProtokolle, Treiber für die gängigsten Betriebssysteme sowie automatische Fehlererkennung, PerformanceAnalyse u. korrektur zählen für EMULEX zu den StandardFeatures. Emulex behauptet sich gegen den Abwärtstrend der Nasdaq und liegt gegenüber dem Index und den Trüben Marktaussichten deutlichst im Plus. Momentan befindet sich Emulex in einem starken Aufwärtstrend mit einer hohen Tradingrange. Erfahrungsgemäss stiegen die Kurse nach einem Splitt über Monate hinweg an. Siehe Chart. Als Stop sollte die EMA 100 herangezogen werden, da die Vergangenheit gezeigt hatte, welcher Abwärtsfaktor Eintritt, wenn die EMA 100 durchbrochen wird. Derzeit gibt es aber kaum Grund zur Panik sondern im Gegenteil. Es wird versucht sich vom unterem Regression Channel sich in den oberen langfristig zu positionieren. Dies dürfte auch gelingen, nachdem Greenspan deutlich die Zinsen gesenkt hat. Emulex ist mit seinem eigenen Forschungslabor und dem Know How der letzten Jahre bestens gerüstet, um weiter stark Marktanteile gewinnen zu können.

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      Avatar
      schrieb am 29.01.01 23:22:11
      Beitrag Nr. 6 ()
      ich denke der 31.1. wird äußerst Interessant:


      http://biz.yahoo.com/bw/010129/ca_emulex.html


      ADVISORY/Emulex Corp. Webcast Advisory Emulex to Present at Merrill Lynch Storage Technology Conference


      WHAT:

      Emulex Corp. (Nasdaq:EMLX - news) will present to investors attending the
      Merrill Lynch Storage Technology Conference, Wednesday, Jan. 31, 2001.
      President and CEO, Paul Folino, will host the presentation. During
      this presentation and subsequent discussions with investors, the
      company expects to reconfirm the financial and other information that
      it outlined in its quarterly financial results conference call of Jan.
      18, 2001, an archive of which may be accessed via a webcast at
      http://www.emulex.com/corp/investor/audio.html. The presentation can
      be heard and viewed live on the Internet via a webcast at
      www.emulex.com at 8:30 a.m. PST. The archived version of Emulex`s
      presentation will be available for 30 days after the live presentation
      at the same link as above.

      WHEN:
      Wednesday, Jan. 31, 2001 at 8:30 a.m. Pacific Standard Time

      WHERE:
      Live webcast at www.emulex.com

      CONTACT:
      Investor contact: Media contact:
      Mike Rockenbach, CFO Robin Schnug, public relations manager
      714/513-8213 714/513-8152 or robin.schnug@emulex.com

      About Emulex

      Emulex (Nasdaq:EMLX - news) 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 (SAN), 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, system buses 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, INRANGE, Intel, McDATA, Microsoft, Legato, and Veritas among its strategic partners. Emulex markets to OEMs and end users through its own worldwide selling organization, as well as two-tier distribution partners, including ACAL, Avnet, Bell Microproducts, Info-X, Tech Data and TidalWire. Corporate headquarters are located in Costa Mesa, Calif. News releases and other information about Emulex are available via the Internet at
      http://www.emulex.com.

      .....
      Avatar
      schrieb am 12.02.01 14:06:32
      Beitrag Nr. 7 ()
      Heute wird Emulex zerpflückt. Diese Woche wird die 60$-Marke
      getestet. Die einzige Unterstützung wäre dann nur noch
      bei 20-30$.


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