Emulex Offers Statement Regarding Broadcom's Patent Lawuit (ELX, BRCM)
Sep 15, 2009 (SmarTrend(R) News Watch via COMTEX) --
915/2009-Emulex (NYSE:ELX) issued a statement regarding a complaint over potential patent infringements and the subsequent lawsuit from Broadcom (NASDAQ:BRCM) after Broadcom's unsuccessful $912 million bid earlier this ear to buy the company. According to Broadcom's complaint filed with the US District Court for Central District of California, Emulex is infringing upon 10 of its patents associated with high-speed data and storage networking including Fibre Channel over Ethernet. Emulex made this statement regarding the suit, "Emulex is reviewing the patents associated with the complaint filed today by Broadcom. Emulex has a policy of vigorously defending the co against assertions of this kind. Due to the pending litigation, we are unable to comment further."
Write to Chip Brian at cbrian@tradethetrend.com
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