Latest Emulex Corp. Stories

CHICAGO, Jan. 17, 2011 /PRNewswire/ -- Zacks.com Analyst Blog features: QLogic Corp. (Nasdaq: QLGC), Noble Energy Inc. (NYSE: NBL), CommScope Inc. (NYSE: CTV), Emulex Corp. (NYSE: ELX) and Broadcom Corp. (Nasdaq: BRCM). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579 Here are highlights from Friday's Analyst Blog: QLogic Raises 3Q Outlook A leading...

U.S. chipmaker Broadcom said Thursday it would discontinue its efforts to acquire Emulex Corp. in light of Emulex's recent rejection of a $11-per-share bid. Broadcom said it had made it clear that the last bid was the best it could do in pursuit of the rival California chipmaker. Broadcom President and Chief Executive Officer Scott McGregor said he had informed the Emulex board of directors last month it was time to complete a transaction expeditiously or to move on. There are other...