Emulex Advises Stockholders to Take No Action At This Time in Response to Revised...

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Mon Jun 29, 2009 9:13pm EDT

Emulex Advises Stockholders to Take No Action At This Time in Response to
Revised Broadcom Tender Offer

COSTA MESA, Calif., June 29, 2009 (GLOBE NEWSWIRE) -- Emulex Corporation
(NYSE:ELX) today said its Board of Directors, consistent with its fiduciary
duties and with the assistance of its financial and legal advisors, Goldman,
Sachs & Co. and Gibson, Dunn & Crutcher LLP respectively, will review the terms
of the revised tender offer from Broadcom Corporation (Nasdaq:BRCM) to acquire
all of the outstanding Emulex shares for $11.00 per share in cash. Broadcom's
previous offer was $9.25 per share in cash. The Emulex Board will make its
recommendation to stockholders on the revised tender offer in due course. The
Company urges stockholders at this time not to tender any shares into the
revised offer pending the Board's recommendation.

Emulex noted that Broadcom stated in their announcement today that Broadcom
dropped its consent solicitation without delivering any consents and that
Broadcom has also filed a notice of dismissal of its Delaware litigation against
Emulex and the Emulex Board of Directors.

Emulex stockholders with any questions about the tender offer or other related
matters may contact MacKenzie Partners, Inc. at 1-800-322-2885.

About Emulex

Emulex is the leader in converged networking solutions for the data center. Our
Connectivity Continuum architecture provides intelligent networking services
that transition today's infrastructure into tomorrow's unified network
ecosystem. Emulex provides a single framework that intelligently connects every
server, network and storage device within the data center. Through strategic
collaboration and integrated partner solutions, Emulex provides its customers
with industry leading business value, operational flexibility and strategic
advantage. Emulex is listed on the New York Stock Exchange (NYSE:ELX) and has
corporate headquarters in Costa Mesa, California. News releases and other
information about Emulex Corporation are available at http://www.emulex.com.

The Emulex Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1744

Safe Harbor Statement

With the exception of historical information, the statements set forth above
include forward-looking statements that involve risk and uncertainties.
.Forward-looking statements provide current expectations of future events based
on certain assumptions and include any statement that does not directly relate
to any historical or current fact. Except as required by law, the Company
expressly disclaims any obligation or undertaking to release publicly any
updates or changes to these forward-looking statements that may be made to
reflect any future events or circumstances. Words such as "anticipates," "in the
opinion," "believes," "intends," "expects," "may," "will," "should," "could,"
"plans," "forecasts," "estimates," "predicts," "projects," "potential,"
"continue," and similar expressions may be intended to identify forward-looking
statements.

Actual future results could differ materially from those described in the
forward-looking statements as a result of a variety of factors. Those factors
include the effect of Broadcom's unsolicited tender offer to acquire all of
Emulex's outstanding common stock; the related consent solicitation of Broadcom
and any related litigation on the Company's business; changes in economic
conditions or changes in end user demand for technology solutions; Emulex's
dependence on a limited number of customers and the effects of the loss of, or
decrease or delays in orders by, any such customers, or the failure of such
customers to make payments; the rapidly changing nature of technology, evolving
industry standards and frequent introductions of new products and enhancements
by competitors; the effect of rapid migration of customers towards newer, lower
cost product platforms; slower than expected growth of the storage networking
market or the failure of the Company's Original Equipment Manufacturer ("OEM")
customers to successfully incorporate Emulex products into their systems; delays
in product development; the highly competitive nature of the markets for
Emulex's products; Emulex's ability to gain market acceptance for its products;
any inadequacy of the Company's intellectual property protection or the
potential for third-party claims of infringement; the Company's ability to
attract and retain skilled personnel; and the Company's reliance on third-party
suppliers. These and other factors which could cause actual results to differ
materially from those in the forward-looking statements are also discussed in
the Company's filings with the Securities and Exchange Commission, including its
recent filings on Forms 8-K, 10-K and 10-Q.

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CONTACT:  Emulex Corporation 
          Investor Contact:
          Frank Yoshino, Vice President, Finance
            (714) 885-3697
          Press Contact:
          Katherine Lane, Manager, Public Relations
            (714) 885-3828

          MacKenzie Partners
          Investor Contacts:
          Dan Burch
          Amy Bilbija
          (212) 929-5500

          Sard Verbinnen & Co
          Press Contacts:
          Andrew Cole
          Diane Henry
          (415) 618-8750
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