Tag Archives: ELX

Emulex Workforce Reduction to Ax 10% In Restructuring Plan

There’s a lot of end-of-year activity at Emulex as it announces plans to ax 10% of its employees in a workforce reduction and tries to find its way back to financial and shareholder relations health. Earlier this week, Emulex announced … Continue reading

Posted in Activist Investor, Business Strategy, Earnings Release, Elliott Associates, Executive Changes, Hedge Funds, Private Placement, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , , , , , , , | Leave a comment

Starboard Grows Impatient With Emulex

One of the large hedge fund investors in Emulex Corp. dashes off angry (or disappointed) letter urging immediate action. We have been tracking the Emulex Corp. odyssey for a while now.  In July, we noted that that ELX jumped on … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, Opps, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , | Leave a comment

Plenty Of Room On The Bandwagon As Starboard Takes A Big Stake In Elliott Associates Project Emulex Corp.

Starboard Value takes the Fantastic Voyage with Elliott Associates as it awaits Emulex Corporation’s sale. It is always heartwarming to see two of our favorite funds working together, sort of. Starboard Value disclosed a 6.9% stake in Emulex Corporation in … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, M&A, Opps, Starboard Value | Tagged , , , , , , , , | Leave a comment

Emulex Climbing Back Up As We Lock It Back Down.

ELX up sharply on rumors it is considering a strategic transaction. After struggling this year, Emulex Corp. shares are up over 15% today, as of this writing.  There seem to be rumors that Emulex has hired bankers to pursue “strategic … Continue reading

Posted in Activist Investor, Business Strategy, Elliott Associates, Hedge Funds | Tagged , , , , , , | Leave a comment

Emulex Corporation and Elliott Associates Enter Into Agreement For Standstill, Board Seats

Hedge Fund gets closer to the driver’s seat with Emulex. We’ve been following the Emulex/Elliott saga for a while now and watched as one of our favorite hedge funds was working from the outside to create some value at Emulex, … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, Opps, Shareholder Rights, Uncategorized | Tagged , , , , , , , , , , , , , , , | Leave a comment

New PRO Report Post on Emulex Updates

New post at the PRO Reports updating the discussion of Emulex Corp. (ELX) and the Opps Tracker. Hint:  It involves this:

Posted in Activist Investor, Business Strategy, Elliott Associates, Hedge Funds | Tagged , , , , , , , , , , , , , , , | Leave a comment

Update to Opps Tracker Discussion of Emulex Corp. In PRO Reports Now

We have updated our discussion of the stock price movements of Emulex Corp. (ELX) and the updates to the Opps Tracker in our PRO Reports section.

Posted in Activist Investor, Business Strategy, Hedge Funds, Opps | Tagged , , , , , , , , , , , | Leave a comment

Opps Tracker Pick Emulex to Announce Earnings This Week

Emulex Corp. (ELX), an Opps Tracker pick, is scheduled to release earnings on Thursday, January 31, 2013. Emulex is down from our Opps Tracker price point of $7.41.  However, we did not pick Emulex on fundamental analysis.  Rather, as we … Continue reading

Posted in Activist Investor, Business Strategy, Earnings Release, Elliott Associates, Hedge Funds, Opps | Tagged , , , , , , , , , , , , | Leave a comment

New Post on Activist Hedge Fund Elliott Associate’s Intentions for Emulex Corp. Now Available in Our PRO Reports Section

New PRO Report on Emulex Corp. and the Hedge Fund that loves it is online now. Join now to get our PRO Reports! Nonsubscribers please note,  this is the last time we will post Opps Tracker updates on the same … Continue reading

Posted in Activist Investor, Business Strategy, Elliott Associates, Hedge Funds, Opps | Tagged , , , , , , , , , , , | Leave a comment