(Source: PrimeNewswire)COSTA MESA, Calif., June 15, 2009 (GLOBE NEWSWIRE) -- Emulex Corporation (NYSE:ELX) announced today that it has filed definitive consent revocation materials and is mailing them to stockholders. The materials relate to a consent solicitation from Broadcom Corporation (Nasdaq:BRCM) and its unsolicited, non-binding $9.25 per share tender offer, which Emulex's Board of Directors unanimously determined are not in the best interests of Emulex stockholders. Emulex recommends that stockholders not consent to Broadcom's solicitation or tender into the grossly inadequate offer. Below is the text of a letter to stockholders Emulex is mailing with the consent revocation materials.

June 15, 2009

         EMULEX'S BOARD UNANIMOUSLY RECOMMENDS AGAINST BROADCOM'S         INADEQUATE OFFER AND RELATED CONSENT SOLICITATION 

Dear Fellow Stockholder:

Your Board of Directors continues to unanimously recommend against Broadcom Corporation's unsolicited $9.25 per share tender offer. The offer significantly undervalues Emulex's long-term prospects and is grossly inadequate. We also strongly recommend against Broadcom's related consent solicitation which ultimately aims to replace Emulex's entire Board with hand-picked Broadcom nominees. If elected, we believe their nominees will pursue Broadcom's self serving agenda of acquiring Emulex on-the-cheap to your detriment.

       Broadcom's Consent Solicitation Is an Opportunistic Attempt to    Gain Leverage, Further Their Inadequate Offer and Take Advantage                       of You, Our Stockholders. 

Through their consent solicitation, Broadcom is attempting to pressure stockholders to hand over leverage and further their inadequate offer despite the fact that since their offer:

    *  Emulex made public new multi-million dollar, multi-platform     design wins for converged networking solutions at Tier 1     original equipment manufacturers, as well as reasonable and     fully supported projections of $600 million in revenue and     $1.45 in non-GAAP earnings per share in fiscal year 2012(1);  *  Emulex's peer group has traded up approximately 38% and the     broader market is up 16%, implying that Emulex would likely be     trading at approximately $9.09 per share even in the absence     of their offer(2) and without reflecting the impact of our     recent design wins -- making Broadcom's "premium" miniscule;  *  Less than 3% of outstanding Emulex shares have been tendered     into their offer as of June 4th;  *  Emulex's stock has traded on average 15% above their offer     and as high as $11.36 per share, including intra-day highs;  *  After initially saying they could easily build or buy elsewhere     the capabilities they find attractive in Emulex, on June 3rd     Broadcom's CEO publicly admitted that acquiring Emulex is     Broadcom's 'best option' for entering the converged networking     space successfully. 

We believe that none of these important factors are reflected in Broadcom's offer and that they demonstrate the highly opportunistic nature of their offer.

      The Special Meeting That Broadcom Wants Would Come With Strings     Attached. Your November 19th Annual Meeting Provides an Open                     Forum to Express Your Views. 

Our annual meeting of stockholders will be held on November 19, 2009. As you know, the meeting has been in mid-to-late November for the past several years. We look forward to this open and public forum where you can express your views and vote on our entire Board. In the meantime, we will continue to welcome your direct feedback.

We believe Broadcom is attempting to mislead stockholders about the impact of providing them with a special meeting, which would likely be held only approximately 30-60 days ahead of the annual meeting. We believe their solicitation comes with strings attached -- your consent would provide Broadcom leverage over the Company and further their inadequate offer. As an example, we expect Broadcom would attempt to publicly construe your vote as evidence of your support for their inadequate offer, even though you may not want to accept their offer. Furthermore, Broadcom's suggestion that their solicitation provides the only viable forum for stockholders to express their views is obviously erroneous given that our annual meeting provides an open forum.

       Your Board Is Acting in Your Best Interests and Our #1 Priority                       is Delivering Value to You. 

Throughout this process, the Board has been committed first and foremost to serving your best interests.