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Technology / AI and automation

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.

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CBR Staff Writer

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