EMULEX RESPONDS TO APPREHENSION OF HOAX SUSPECT

Swift Action by Authorities Demonstrates Immediate Consequences for Hoax Perpetrator

COSTA MESA, Calif., August 31, 2000 . . . Emulex Corporation (NASDAQ: EMLX), the world's largest supplier of Fibre Channel host bus adapters¹, today announced that the Federal Bureau of Investigation (FBI) has arrested a suspect in connection with the fictitious Emulex press release issued on August 25. The negative statements in the fraudulent press release resulted in unprecedented volatility in Emulex's stock, creating large losses for shareholders victimized by this hoax.

"This kind of electronic terrorism cannot be tolerated. We are very gratified by the swift action taken by the FBI, the U.S. Attorney's Office and the Securities and Exchange Commission (SEC)," states Paul Folino, president and CEO. "The matter received immediate and focused attention from both law enforcement agencies and multiple securities' exchanges. The quick results from this cooperative effort demonstrate to others contemplating a similar hoax that the outcome to be expected is immediate apprehension and prosecution."

Folino continues, "Since the events of last Friday, we have noted increasingly widespread concern over the vulnerability of the financial markets due to fraudulent acts of this nature. Clearly, the huge impact in our stock that resulted from this incident has demonstrated the high regard and trust that the public has for financial news services. We believe that the public's trust is well founded and the stability of financial markets worldwide remains critically dependent on the continued role in disseminating accurate information. While there will always be challenges in completely safeguarding the integrity of electronic information, in the aftermath of this incident, we have been gratified by the promise of increased vigilance and scrutiny by financial news services worldwide."

Folino concludes, "By implementing stronger roadblocks to hoaxes of this nature, including a heightened level of vigilance among financial news services, swift action by the authorities and harsh penalties for hoax perpetrators, much has been done to calm the concerns of the investing public."

About Emulex

Emulex Corporation is a leading designer, developer and supplier of a broad line of fibre channel host adapters, hubs, ASICs and software products that provide connectivity solutions for fibre channel storage area networks (SAN), network attached storage (NAS and RAID. The Company's products are based on internally developed ASIC technology, are deployable across a variety of SAN configurations and operating systems, enhancing data flow between computers and peripherals. Emulex's products offer customers the unique combination of critical reliability, scalability, and high performance, and can be customized for mission-critical server and storage system applications. Emulex products have been selected by the world's leading server and storage providers, including Compaq, EMC, Fujitsu-Siemens, Groupe Bull, Hewlett-Packard, Hitachi Data Systems, IBM, NEC, and Unisys. In addition, Emulex includes industry leaders Brocade, Intel, McDATA, Microsoft, Legato, and Veritas among its strategic partners.

Emulex 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, California. News releases and other information about Emulex Corporation are available via the Internet at http://www.emulex.com.

EMULEX |the fibre channel company