Emulex Appoints Karen Mulvany Vice President, Business Planning & Development

Business Wire, March 8, 2000

Business Editors and High-Tech Writers

COSTA MESA, Calif.--(BUSINESS WIRE)--March 8, 2000

Emulex Corp. (Nasdaq:EMLX), the world's largest independent supplier of fibre channel adapters, Wednesday announced the appointment of Karen Mulvany to the newly created position of vice president, Business Planning/Development.

In her new position, Mulvany will oversee all corporate investment and business combination activities for the company. Mulvany has previously held investment banking positions at Robertson Colman & Stephens, L.F. Rothschild Unterberg Towbin and Hambrecht & Quist, where she specialized in the communications and networking industry sectors. Prior to joining Emulex, she had consulted for various technology companies in the areas of investor relations, mergers and acquisitions, strategic planning and corporate finance since 1991.

"We are very pleased to be able to attract an executive experienced in business combinations as well as the fibre channel industry," said Paul Folino, president and chief executive officer. "I am especially pleased that Karen is joining Emulex during a time of unprecedented industry opportunity, with the fibre channel and SAN sectors now rapidly evolving into much broader markets than earlier projected," he added. "With networked storage now positioned at the center of the corporate IT universe, an exceptional opportunity to leverage Emulex's leading position in the fibre channel market lies ahead."

Emulex Corp. is a leading designer of high-performance network connectivity products including fibre channel host bus adapters and hubs, printer servers and network access products. The company's hardware and software-based networking solutions improve communication in computer networks and enhance data flow between computers and peripherals. Fibre channel is a high-performance ANSI standard interface that is supported by the 120 worldwide member Fibre Channel Association which includes Sun, Hewlett-Packard and Seagate. As a leading developer and supplier of fibre channel technology, Emulex's fibre channel devices support all implementations of the fibre channel standard, including arbitrated loop, switched fabric and point-to-point topologies. The company markets to OEMs and end users through its own worldwide selling organization, as well as two-tier distribution partners. Corporate headquarters are located in Costa Mesa. News releases and other information about Emulex Corp. are available on the Internet at http://www.emulex.com.

EMULEX -- the fibre channel company

This news release refers to various products and companies by their trade names. In most, if not all, cases these designations are claimed as trademarks or registered trademarks by their respective companies.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include the following: the fact that the company's markets are characterized by rapidly changing technology, evolving industry standards and frequent introductions of new products and enhancements, and the company's ability to respond to such changes; maturation in the network access server and printer server products; the fact that the fibre channel market is at an early stage of development; the highly competitive nature of the markets for the company's products; the company's ability to attract and retain skilled personnel; the company's reliance on third party suppliers for components used in the company's products and on manufacturing subcontractors that assemble and distribute the company's products; the company's reliance on certain OEMs, distributors and key customers; and potential fluctuations in the company's future effective tax rate. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in the company's filings with the Securities and Exchange Commission, including its recent filings on Form 10-K and Form 10-Q.