Emulex Will Split 2 for 1 This Month

Costa Mesa-based Emulex Corp. will split its stock at the end of this month, the company announced Monday, shortly after rival and neighbor QLogic Corp. put its stock split into effect.

Emulex, which develops high-speed computer networking products, has seen its stock rise 170% this year. It closed Monday at $108, down $4.63 a share.

The 2-for-1 split is payable Aug. 30 to shareholders of record Aug. 16, the company said. The company will double its shares outstanding to 17 million.