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The Emulex hoax was an instance of securities fraud perpetrated by 23-year-old Mark Jakob on August 24, 2000. [1] Jakob, a former employee of the press release distribution service Internet Wire , was facing a loss of almost $100,000 as a result of short-selling stock in the Emulex Corporation , a fiber-optic equipment manufacturer. [2]
In 2000, Emulex acquired Giganet for $645 million, [11] and in 2013, it acquired Endace, based in New Zealand. On April 21, 2009, Broadcom made a proposal to the Emulex board of directors to buy all existing shares of Emulex for $764 million, or $9.25 per share, a 40% premium over the stock's closing price on April 20, 2009.
broadcom .com. Broadcom Corporation was an American fabless semiconductor company that made products for the wireless and broadband communication industry. It was acquired by Avago Technologies for $37 billion in 2016 and currently operates as a wholly owned subsidiary of the merged entity Broadcom Inc.
What: Shares of data storage specialist Emulex (NYS: Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case ...
Here at The Motley Fool, I've long cautioned investors to keep a close eye on inventory levels. It's a part of my standard diligence when searching for the market's best stocks. I think a ...
Emulex (NYS: ELX) is expected to report Q2 earnings around Jan. 30. Here's what Wall Street wants to see: The 10-second takeaway Comparing the upcoming quarter to the prior-year quarter, average ...
Emulex (NYS: ELX) carries $302.6 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road. Could ...
Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2023, some 79 percent of Broadcom's revenue ...