Emulex Honored With Compaq Strategic Excellence Award.

Business Editors & High-Tech Writers

COSTA MESA, Calif.--(BUSINESS WIRE)--June 15, 2001

Emulex Corp. (Nasdaq:EMLX), the world's leading supplier of storage networking host bus adapters (HBAs), has been selected by Compaq Computer Corp. (NYSE:CPQ) to receive Compaq's Strategic Commodity Excellence Award for 2000.

Compaq's annual Strategic Commodity Excellence Award recognizes vendors who have excelled in the categories of quality, cost, supply, technology and responsiveness. Emulex is one of six companies chosen from Compaq's worldwide supply base to receive this prestigious award, and the only provider of Fibre Channel host bus adapters that was selected.

"This award is presented to suppliers that have demonstrated an exemplary record in achieving and sustaining Compaq's world-class standards," said Peter Korce, director of Compaq Enterprise Storage Group's Array division. "We are pleased to recognize Emulex's contributions, which have played an integral role in helping Compaq attain a leadership position in the market for Fibre Channel-based storage solutions."

Emulex and Compaq have a long-standing business and technology relationship, resulting in the implementation of Emulex HBAs across various Compaq product lines, including the StorageWorks storage systems for Windows and Unix environments, Proliant server series, as well as in the Alpha server series. In addition, Compaq recently selected Emulex's HBAs for use in its TaskSmart(TM) N-Series NAS appliances and SANworks(TM) Management Appliances.

"Compaq's rigorous quality standards and world-class supplier management processes are reflective of its leadership position in the storage industry," said Paul Folino, president and chief executive officer at Emulex. "Emulex is dedicated to providing our customers with high-performance products and superior customer service, and an award of this caliber is gratifying evidence that we are achieving our mission."

Emulex's leadership position in the storage networking industry was recently confirmed by Gartner Dataquest's newest report titled, Fibre Channel HBAs: Consolidation of Leadership in 2000, which ranks Emulex as the number one Fibre Channel host bus adapter supplier worldwide in both revenue and units shipped.

About Emulex

Emulex is a leading supplier and developer of storage and server networking host bus adapters based on both Fibre Channel and IP networking technologies. Storage networks provide data centers with high-speed, scalable, and highly available storage access. Server networks enable the creation of high-performance server clusters for database and transaction processing.

The Emulex product families are based on internally developed ASIC, firmware and software technologies, and offer customers high performance, scalability, flexibility and reduced total cost of ownership.

The company's products have been selected by the world's leading server and storage providers, including Compaq, Dell, EMC, Fujitsu-Siemens, Groupe Bull, Hewlett-Packard, Hitachi Data Systems, IBM, NEC, Network Appliance and Unisys. In addition, Emulex includes industry leaders Brocade, INRANGE, Intel, Legato, McDATA, Microsoft, and Veritas among its strategic partners.

Emulex markets to OEMs and end-users through its own worldwide selling organization, as well as its two-tier distribution partners, including ACAL, Avnet, Bell Microproducts, Consan CTC, Info-X, Tech Data and TidalWire. Corporate headquarters are located in Costa Mesa. News releases and other information about Emulex are available at www.emulex.com.

EMULEX -- We network storage

"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. The economy generally, and the technology and storage segments specifically, have recently been in a state of uncertainty making it difficult to determine if past experience is a good guide to the future and making it impossible to determine if markets will grow or shrink in the short term. Thus, the forward-looking statements herein are management's best estimate of likely results if market conditions stabilize and if the storage sector begins to recover and resume its historic pattern of growth. Other factors affecting these forward looking statements include the following: Emulex's markets are characterized by rapidly changing technology, evolving industry standards and frequent introductions of new products and enhancements, and the combined companies may not be able to respond to such changes on a timely basis; the Fibre Channel and IP markets are in early stages of development; changes in economic conditions or changes in end-user demand for technology solutions, including the possibility of slower than expected growth in demand for Fibre Channel solutions; possible delays in OEM launches of products enabled by the company's solutions or deferrals in orders for the company's solutions by these OEMs; Emulex's VI/IP and iSCSI products remain in the development stage and are subject to significant technical, competitive and market acceptance risks; the ability of Emulex to effectively integrate recently acquired operations into its own; the highly competitive nature of the markets for Emulex's products as well as pricing pressures that may result from such competitive conditions; the combined companies' ability to attract and retain skilled personnel; the companies' reliance on third-party suppliers for components used in the companies' products and on manufacturing subcontractors that assemble and distribute the company's products; the companies' reliance on certain OEMs, distributors and key customers; potential losses on strategic business investments; and potential fluctuations in Emulex'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 Forms 8-K, 10-K and 10-Q.

Note to Editors: 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.