COSTA MESA, Calif.,
July 5, 2012 /PRNewswire/ -- Broadcom
Corporation (NASDAQ: BRCM) and Emulex Corporation (NYSE: ELX) today
announced that the companies have entered into a partial settlement
and worldwide patent license agreement relating to the patent
litigation in the U.S. Federal District Court in Santa Ana, California. The agreement
will result in the dismissal of certain of Broadcom's infringement
claims against Emulex. Emulex also receives a license to
Broadcom U.S. Patents Nos. 7,471,691; 7,058,150; 6,424,194 and
related families for certain fields of use including Fibre Channel
applications. The fields of use licensed to Emulex are
related, in part, to the Emulex XE201 (Lancer) ASICs, that are
capable of Fibre Channel and Ethernet, 16Gbps Fiber Channel HBAs,
Fibre Channel SOCs and other FC products. Emulex will pay to
Broadcom a release and license fee of $58
million in cash.
(Logo:
http://photos.prnewswire.com/prnh/20120403/NE81278LOGO )
Additional terms of the agreement include, among other
elements:
- Emulex agreed to provide certain rights to Broadcom protecting
Broadcom from Emulex patent assertions; and
- The Emulex products are licensed to Emulex for the permitted
fields of use, and are licensed to be purchased by Emulex's
customers worldwide, and are licensed to be made for Emulex by
Emulex's suppliers.
The remainder of the existing litigation between the parties
regarding certain of Broadcom's U.S. Patents was not
dismissed. Other terms of the agreement are confidential.
About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500®
company, is a global leader and innovator in semiconductor
solutions for wired and wireless communications. Broadcom® products
seamlessly deliver voice, video, data and multimedia connectivity
in the home, office and mobile environments. With the industry's
broadest portfolio of state-of-the-art system-on-a-chip and
embedded software solutions, Broadcom is changing the world by
Connecting everything®. For more information, go to
www.broadcom.com.
About Emulex
Emulex, the leader in converged networking solutions,
provides enterprise-class connectivity for servers, networks and
storage devices within the data center. The company's product
portfolio of Fibre Channel host bus adapters, 10Gb Ethernet network
interface cards, Ethernet-based converged network adapters,
controllers, embedded bridges and switches, and connectivity
management software are proven, tested and trusted by the world's
largest and most demanding IT environments. Emulex solutions are
used and offered by the industry's leading server and storage OEMs,
including Cisco, Dell, EMC, Fujitsu, Hitachi, Hitachi Data Systems,
HP, Huawei, IBM, NEC, NetApp and Oracle. Emulex is headquartered in
Costa Mesa, Calif., and has
offices and research facilities in North
America, Asia and
Europe. More information about
Emulex (NYSE: ELX) is available at www.Emulex.com.
Cautions Regarding Forward-Looking Statements
All statements included or incorporated by reference in
this release, other than statements or characterizations of
historical fact, are forward-looking statements within the meaning
of the federal securities laws, including the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on Broadcom and Emulex's current expectations, management's
beliefs, and certain assumptions made by Broadcom and Emulex, all
of which are subject to change. Forward-looking statements can
often be identified by words such as "anticipates," "expects,"
"intends," "plans," "predicts," "believes," "seeks," "estimates,"
"may," "will," "should," "would," "could," "potential," "continue,"
"ongoing," similar expressions, and variations or negatives of
these words. These forward-looking statements are not guarantees of
future results and are subject to risks, uncertainties and
assumptions that could cause actual results to differ materially
and adversely from those expressed in any forward-looking
statement. These forward-looking statements speak only as of the
date of this release and Broadcom and Emulex undertake no
obligation to revise or update publicly any forward-looking
statement for any reason to reflect future events or
circumstances.
Broadcom, the pulse logo, Connecting everything, and the
Connecting everything logo and are among the trademarks of Broadcom
Corporation and/or its affiliates in the
United States, certain other countries and/or the EU. Any
other trademarks or trade names mentioned are the property of their
respective owners.
Investor Contacts:
|
Press
Contacts:
|
Emulex
|
Emulex
|
Frank
Yoshino
|
Katherine
Lane
|
Vice
President, Finance
|
Director,
Corporate Communications
|
+1 714
885-3697
|
+1 714
885-3828
|
frank.yoshino@emulex.com
|
katherine.lane@emulex.com
|
|
|
Broadcom
|
Broadcom
|
Chris
Zegarelli
|
Donnelle
Koselka
|
Senior
Director, Investor Relations
|
Director,
Corporate Communications
|
+1 949
926-7567
|
+1 949
926-3248
|
czegarel@broadcom.com
|
dkoselka@broadcom.com
|
SOURCE Emulex Corporation