EMULEX PLANS TO BUY BACK SHARES

Emulex Corp is planning to buy back up to 2m of its common shares, or about 15% of the total outstanding: chairman and chief executive Fred Cox notes that the stock has traded at a low multiple for quite a while, and he declares firmly, we believe that the market continues to undervalue the company relative to our strong financial position and long-term growth prospects.

CBR Staff Writer

CBR Online legacy content

Websites in our network

Select and enter your corporate email address

Changelog

Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.

your corporate email address

Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.