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Emulex (ELX +14.6%) soars after Bloomberg reports the company has hired Goldman to help find a...

Emulex (ELX +14.6%) soars after Bloomberg reports the company has hired Goldman to help find a buyer. Activist investors Elliott Associates and Atlai Capital have been prodding the storage adapter card/switch vendor to sell itself. Archrival QLogic (QLGC +4.7%) has also jumped on the report. Both companies have been struggling to cope with weak server demand.
Comments (2)
  • Dammit, why do I get the sympathy play? :P
    3 Jul 2013, 10:38 AM Reply Like
  • I remember that some time ago someone was trying to buy it $12 and they fought not to sell, because the "management" had something better to offer. Now we're at 6-7 and they're looking for a buyer. Gimme a break!
    3 Jul 2013, 11:54 AM Reply Like
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