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Emulex CEO on Outlook for IT Spending, 2Q Earnings

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    Emulex CEO Jim McCluney on expected growth in IT spending.

  • Duration 5:02
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Shares of networking solutions company Emulex in the red today following its earnings release yesterday after the bell did not partake in today's rally.

While the company also reported disappointing outlook numbers CEO Jim -- Clooney says.

Expect to see made -- -- T growth throughout 2013.

So what does this mean for his business is -- opportunity afford you the investor.

If the IT -- comes back Jim joins us exclusively from Irvine California -- I'm I'm trying to spin this here.

Because -- pro business -- -- companies like yours but you're looking at a year over year drop of 30% for the stock gonna struggle here with most recent earnings number.

Tell me why you're positive -- the story that you're putting out their foreign investors.

Well -- thanks for let me -- the sure that we just come off for years.

Where we -- actually had record revenues for the company.

Gain market share and all -- product lines so.

My option normally for rises is that is that is a tough quarter but allowed just -- -- tends to be done -- typically.

This time and we went just able to offset that with the growth in our some of our new -- -- at -- so.

I view this is a pretty much is a transition here if you look at the sake if you look at the sector -- -- and I think you mentioned of the mobility and -- -- we're.

-- -- and survive this huge data center build out it IT spend from FBI analyst.

There's going to rule and storage and -- these networks gonna -- this year and we're very well positioned.

That in the customers -- -- as well as with some new products were ruling this year there shouldn't.

Pastoral by ten handling all -- data through the clouded so I'm feeling very who -- of the company here and the sake of its performing and.

-- I'd like to mention some of those customers EMC HP Oracle Cisco Dell IBM might look at these and I say there.

In many different types of businesses.

That but for you to be doing everything from -- the connectivity servers and network something.

My goodness he's he's competing with Cisco you're not you're one of their customers I mean -- what are your customers see you look at these great partnerships you have.

And and it actually makes sense but what -- the IT spending is it -- that that so many of these companies put it off during -- tough.

Economic time and now they just we can't anymore we've got to be competitive we've got to spend on this because then I would get -- Yeah I think you're right there's two factors here one I think there's been some pause.

It in -- -- -- of course has been all tangible what times with fiscal clips and all kinds of all the things -- -- to deal with.

But -- managing markets continued to grow that pretty hot and pretty substantially in most of the companies including amulets.

Are in there.

And you know the the this I think there's going to be -- finish here but think about the -- rule if indeed.

This exponential.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- So data center build -- to be running to keep up with people stuff stuff for -- -- -- And we provide products that go into those data centers run in the world are not street gives me a lot of optimism -- -- -- foreigners.

Over the next quarters and years to come.

I get it I get a you -- -- acquisition a 130 million dollar acquisition for a company like yours that's that's a pretty significant about a will we see more of these in the future like the one he did within days.

Well public quite finish the acquisition yet will be completed the path telkom two completed this quarter but this is.

I had an -- move for a company.

He you know we are afraid products that help me -- these data networking and -- connects.

And this provides a product -- gives you visibility into what's going on in the was networks.

That the speed that we're putting in this is is growing so fast and the tools that are running today.

-- cold.

People want to see was happening at a network if something goes wrong they want to be able to fix it costs.

It okay is you don't -- his money.

And we -- run the world and this was the one company that could do this at very high speed but a 100% accuracy.

Source so complimentary so Emulex is no -- -- the gear into the data centers to make it work.

I will got company noted it's gonna let people know what's going on.

-- -- -- -- -- Consolidation in the market.

Right you're obviously among the best in class because if you've got IBM as a customer and all of these other great names Oracle that that they don't suffer fools gladly so Emulex is the company.

The seven dollar stuck right now it's taken quite a hit.

But you know we're gonna do we'll have you back -- -- we'll give -- a couple of quarters and we'd love to see the progression thank you Jim we appreciate it.

I'd love to do that can thank you so much of course -- Clooney and and the whole the whole studio was riveted by that fabulous accent picked up quite beloved.

-- happy he had me with his -- within with a name like draconian and accent like -- me proud to -- is always welcome back -- tell our.

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