Frank Levinson, chairman, founder, and CTO of Finisar Corp. (Nasdaq: FNSR), has denied a rumor that a possible acquisition by Emulex Corp. (NYSE: ELX) is in the works.
The rumor was triggered by a report that a team of auditors from Emulex spent the latter part of last week camped in Finisar's active components division in El Monte, Calif. This came from a consultant -- a previously reliable Light Reading source -- who went on to suggest that Emulex would soon make a bid for Finisar.
Finisar didn't respond to requests for comment on Friday, suggesting there was some truth to the story.
However, Levinson -- or someone claiming to be Levinson -- jumped into action in the early hours of Saturday morning, posting a message on the board following this story which began:
Click here to read the full message, and a
subsequent message pointing out: "If you are going to lie to the press, you don't have the Chairman do it."
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