Emulex Corp., COSTA MESA
Nature of Business: A designer, manufacturer and marketer of high-performance computer storage and networking products and integrated circuits.. Employees Total: 870 Orange County: 540
Stock Designation: Listed on NASDAQ “Emulex” Ticker Symbol: “EMLX”
Friday’s Stock Close: $8.50 Change: -$0.13
Analyst review: “Emulex has introduced a number of new products that brighten the outlook for continued earnings momentum. It has always had a strong balance sheet. It remained strong through last year’s revenue and earnings shortfalls and has strengthened during the first six months of fiscal ’91. For fiscal ‘92, our preliminary estimates call for a revenue gain of about 11% and a 47% increase in the earnings per share. The earnings rebound at Emulex appears to be firmly in place. We recommend purchase for those seeking capital appreciation that are willing to assume a moderate degree of risk.”
Candace K. Weir, president
CL King & Associates, Albany, N.Y.
YEAR SUMMARY: REVENUES VS. PROFITS
Fiscal year ending July 5 July 3 July 2 July 1 June 30 1987 1988 1989 1990 1991 Net Revenue $103.8 $125.1 $148.7 $120.5 $152.9 Net Profit (Loss) $3.5 $9.1 $13.3 ($1.0) $7.8
Corporate Outlook: “In 1991 we achieved a 27% revenue increase--led by the micro device and storage OEM (original equipment manufacturer) business, built marketing capabilities, consolidated manufacturing and continued to commit 12% of revenues to development. We believe 1992 will be another growth year, based on new products and OEM customer relationships, with most of our growth occurring in the second half.”
Robert N. Stephens, president/CEO
5-YEAR SUMMARY: RETURN ON STOCKHOLDER INVESTMENT
Fiscal year ending July 5 July 3 July 2 July 1 June 30 1987 1988 1989 1990 1991 52-Week High* $10.00 $8.63 $12.38 $9.13 $11.25 52-Week Low* $5.38 $3.88 $7.00 $4.38 $4.75 Price Per Share $7.50 $7.00 $9.00 $7.38 $7.50 Net Earnings/Loss Per Share $0.26 $0.75 $1.15 -$0.10 $0.73 Price to Earnings Ratio 29:1 9:1 8:1 N/A 10:1 Average Return to Investor 6% 15% 20% N/A 7%
For more information, call or write Emulex Corp.: 3545 Harbor Blvd., Costa Mesa, Calif. 92626. (714) 662-5600
Source: Emulex Corp.; Newport Securities
