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Emulex Revenue and Earnings Up for Second Quarter and First Half

By MARIA L. La GANGA
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Emulex Corp., a Costa Mesa computer products maker, reported sharply higher earnings and revenue for the second quarter ended Jan. 1.

Earnings for the second quarter of fiscal 1989 rose to $3.8 million, up 58% from the $2.4 million posted in the same period last year. Revenue jumped to $37.7 million, up 24% from the $30.4 million in fiscal 1988.

First half results also improved over 1988. Emulex reported earnings of $7.3 million for the first 6 months of fiscal 1988, up 87% over the $3.9 million posted in the first half of fiscal 1988. Revenue rose to $73.8 million, a 25% jump from the $59.1 million posted in the same period last year.

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Fred B. Cox, Emulex president and chief executive, attributed the improved picture to the overall strength and positioning of the company’s product lines.

And he said in a prepared statement that Emulex “will be making a continuing stream of new product announcements . . . which we believe will position us well for strong entry into fiscal 1990.”

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Maria L. La Ganga

Maria L. La Ganga is the deputy managing editor for California and Metro, overseeing the Los Angeles Times’ largest editorial department. She joined The Times in 1981 as an academic intern, splitting her time between the former Metro section and National Dragster, the official publication of the National Hot Rod Assn. She has served as Seattle bureau chief, San Francisco bureau chief, edited in the Business section and pitched in on six presidential elections, five for The Times and one for the Guardian. La Ganga left The Times in 2015 and returned in 2018 after a brief hiatus during which she wrote for the Guardian and the Idaho Statesman. She was named city editor in 2022 and promoted to her current role in 2024. La Ganga graduated from Granada Hills High School in the San Fernando Valley and Cal State Northridge, where she studied English literature and journalism.

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