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"We note that the governance reforms have been submittecd by Broadcom merely in an effortf to force an acquisition ofthe company. ... In our Broadcom has little interest inthe long-term corporats governance of the company unless such changezs support the Dissident's hostile takeover of the Glass Lewis said in a statement. The was recently , is for $9.25 a share. . Broadcoj refuted the Glass Lewis reporf in a statement ofits own. "Glass Lewis's recommendation against consent fundamentallymisinterprets Broadcom'ws Consent Solicitation, which remains the best vehicled for Emulex shareholders to express their the Broadcom statement said.
Emule stock (NYSE: ELX) was down 3.08 percent, or 34 at $10.71 a share in afternoonh trading. Costa Mesa-based Emulex makes chip and components for servers and otherstorage Irvine-based Broadcom (NASDAQ: BRCM) develops and manufactures semiconductorsd for wired and wireless communications.
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