COSTA MESA, Calif. (
) -- The list of companies using
server and storage
technology -- including
(IBM - Get Report)
(HPQ - Get Report)
(CSCO - Get Report)
-- just keeps growing.
In recent months, the company has talked about 15 "design wins" for its components, although CEO Jim McCluney admitted that the number is much bigger during a
organized by analyst firm Canaccord Adams.
"Not to be facetious, but we're running out of fingers and toes for our design wins," he quipped. "[In] the first half of this year, the majority of those 15 will come to market."
McCluney explained that the company had "ratcheted up more than 20 design wins," in response to a question from
. "The key message is that top-tier OEMs are adopting Emulex's technology."
The company's shares closed up 72 cents, or 6.35%, at $12.06 on Tuesday, far outpacing the modest advance in tech stocks that saw the Nasdaq climb 0.87%.
The data center equipment specialist, which competes with
(QLGC - Get Report)
(BRCD - Get Report)
, recently announced
strong second-quarter results
and has emerged as something of an
Last year McCluney told
is underway, spurred on by companies' cloud computing efforts.
During Emulex's conference call on Tuesday the CEO added that companies are also shifting from 1-Gigabit Ethernet to higher performance 10-Gigabit Ethernet systems, as well as the latest versions of
(INTC - Get Report)
Nehalem chip, all of which are driving demand.