COSTA MESA, Calif., Sept. 6, 2006 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the most trusted name in storage networking connectivity solutions, announced today the appointment of Steven Berg as Senior Vice President of Corporate Development. A skilled professional with extensive storage industry experience, Mr. Berg will lead the company's development and implementation of long-range strategic corporate objectives, including the cultivation of new business opportunities and strategic relationships, while spearheading merger and acquisition activities. He will report directly to Emulex President and Chief Executive Officer, James McCluney.
"Mr. Berg is a welcome addition to the Emulex senior management team and we look forward to leveraging his diverse experience and unique perspective into a corporate development strategy that provides a solid and unique value proposition to our customers, partners and shareholders," said Mr. McCluney. "We are pleased to attract an individual of Steve's caliber and quality to our talented management team during what we believe is a very important period in the company's growth and evolution."
Mr. Berg arrives from a New York-based investment bank, Punk, Ziegel & Company, where he concentrated on Enterprise Storage and Software as vice president and research analyst. He brings more than 17 years of technology and finance experience. Before joining Punk, Ziegel & Co. in April 2000, Mr. Berg was the assistant portfolio manager of a $40 million technology hedge fund at Train, Smith Counsel (now Train, Babcock Advisors). Prior to his stint on the buyside, Mr. Berg helped develop and implement a global management information system for Chase Manhattan Bank (now JP Morgan Chase). Steve holds a Bachelor of Science degree from Miami University in Oxford, Ohio and a MBA from Northern Illinois University. He is also a CFA Charter holder.
"I truly believe my skill set and strategic relationships within the storage industry are a perfect fit for the position," said Mr. Berg. "Emulex has over 25 years of experience working with leading server and storage OEMs and their strategic partners to provide innovative high performance connectivity solutions for the storage networking markets. I'm very excited at the opportunity to continue that long tradition by joining the Emulex management team to direct corporate development, focusing on the company's ongoing diversification strategy through internal innovation, strategic partnerships and mergers and acquisitions."
Emulex Corporation is the most trusted name in storage networking connectivity and a leading provider of critical building blocks for intelligent data center infrastructure solutions. The world's leading server and storage providers rely on Emulex award-winning HBAs, embedded storage switching, intelligent storage platforms and I/O controller products to build reliable, scalable and high performance storage and server solutions. Emulex ranked number 19 in the Deloitte 2005 Technology Fast 50 and is listed on the New York Stock Exchange (NYSE:ELX). Corporate headquarters are located in Costa Mesa, California. News releases and other information about Emulex Corporation are available at http://www.emulex.com.
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"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 rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; fluctuation in the growth of Fibre Channel and IP markets; changes in economic conditions or changes in end-user demand for technology solutions; fluctuations or delays in customer orders; the highly competitive nature of the markets for Emulex's products; Emulex's ability to gain market acceptance for its products; the company's ability to attract and retain skilled personnel; the company's reliance on third-party suppliers. 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. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
CONTACT: Emulex Corporation Investor Contact: Michael J. Rockenbach, Chief Financial Officer (714) 885-3695 Press Contact: Robin Austin, Director, Public Relations (714) 885-3462