Emulex Says Fred Cox Not To Seek Re-Election To Board - Quick Facts

Emulex Completes Endace Acquisition

Emulex To Present At Piper Jaffray TMT Conference; Webcast At 4:00 PM ET

Emulex To Present At Morgan Stanley Conference; Webcast At 7:25 PM ET

Trade ELX now with

6/15/2012 8:36 AM ET

Emulex Corp. (ELX: Quote) said that Fred Cox, Emulex co-founder and current Chairman Emeritus, will not seek re-election to the Board at this year's Annual General Meeting of Shareholders.

Fred Cox served as CEO of Emulex for more than 12 years, from the company's inception until he retired from active management in October 1990. Cox then served as Emulex's non-executive chairman for an additional eight years. His planned retirement from the Board in November will mark 34 years of continuous service to the company.

Click here to receive FREE breaking news email alerts for Emulex Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 96 Articles Next>>

Editors Pick

Stock Futures Pointing To Sharply Lower Open On Wall Street - U.S. Commentary

After moving notably lower over the course of the previous session, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 123 points.

U.K. Economy Dodges Recession In Q1 On Inventories

The U.K. economy avoided recession in the first quarter as initially estimated, but the detailed breakdown of gross domestic product highlighted major contribution coming only from built up stocks of companies. Gross domestic product grew 0.3 percent sequentially in the first quarter, offsetting the last quarter's 0.3 percent fall, second estimates from the Office for National Statistics showed.

Modest Gain In Eurozone PMI Revives Recovery Hopes

An indicator of Eurozone's private sector activity improved more than expected in May, renewing hopes that the economy is inching towards a recovery. Nonetheless, the indicator remained in negative territory, signaling sharp deterioration in overall business activity. The composite output index rose to a three-month high of 47.7 in May from 46.9 in April.