424B3 1 a84199b3e424b3.htm 424(B)(3) Emulex Corporation
 

     
Prospectus Supplement #2   Filed pursuant to Rule 424(b)(3)
(to prospectus dated July 1, 2002)   Registration No. 333-87090

EMULEX CORPORATION

1.75% Convertible Subordinated Notes Due February 1, 2007 and
Shares of Common Stock Issuable Upon Conversion of the Notes

     This prospectus supplement relates to the resale by the holders of our 1.75% convertible subordinated notes due February 1, 2007 and the shares of our common stock issuable upon the conversion of the notes. You should read this prospectus supplement in conjunction with the prospectus dated July 1, 2002, which is to be delivered with this prospectus supplement.

     The information in the table appearing under the heading “Selling Holders” in the prospectus is amended by the addition of the information appearing in the table below:

                                   
      Principal Amount of   Shares of Common           Shares of Common
      Notes Beneficially   Stock Owned Prior   Shares of Common   Stock Owned After
      owned That May Be   to the   Stock That May Be   Completion of the
Name of Beneficial Owner   Offered   Offering(1)(2)   Offered(2)   Offering
 
 
 
 
Arbitex Master Fund L.P.
     9,000,000       167,161       167,161       —  
B.G.I. Global Investors
     70,000       1,300       1,300       —  
 
c/o Forest Investment Mngt L.L.C
                                
Dodeca Fund, L.P.
     1,000,000       18,573       18,573       —  
Forest Fulcrum Fund L.L.P.
     240,000       4,457       4,457       —  
Forest Global Convertible Fund Series A-5
     976,000       18,127       18,127       —  
LLT Limited
     68,000       1,263       1,263       —  
Lyxor Master Fund
     282,000       5,237       5,237       —  
 
c/o Forest Investment Mngt L.L.C
                                
Lyxor Master Fund ref HW
     2,500,000       46,433       46,433       —  
Marathon Global Convertible Master Fund, Ltd.
     10,000,000       185,735       185,735       —  
Pacific Life Insurance Company
     1,500,000       27,860       27,860       —  
RBC Alternative Assets L.P.
     38,000       705       705       —  
 
c/o Forest Investment Mngt L.L.C
                                
Relay 11 Holdings
     34,000       631       631       —  
 
c/o Forest Investment Mngt L.L.C
                                
Sphinx Convertible Arbitrage
     18,000       334       334       —  
 
c/o Forest Investment Mngt L.L.C
                                
Sylvan (IMA) Ltd.
     152,000       2,823       2,823       —  
 
c/o Forest Investment Mngt L.L.C
                                
Zurich Master Hedge Fund
     122,000       2,265       2,265       —  
 
c/o Forest Investment Mngt L.L.C
                                

(1)   Includes common stock into which the notes are convertible.
(2)   Assumes a conversion rate of $53.84 per share and a cash payment in lieu of any fractional interest.

     Investing in our notes and common stock involves risks. Prospective purchasers of our notes and shares of common stock should carefully read the risk factors beginning on page 3 of the prospectus and the sections entitled “Risk Factors” in the documents we file with the Securities and Exchange Commission.

     Neither the Securities and Exchange Commission nor any state securities regulators have approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is September 3, 2002.