Mellanox Technologies (MLNX) Tops Q4 EPS by 14c, Beats on Revenues; Offers 1Q18 Revenue Outlook Below Guidance, FY18 Revenue Mid-Point Outlook Above Consensus

Mellanox (MLNX) Confirms Receipt of Director Nominations from Starboard; Says Board is Confident in Company's Strategy

January 18, 2018 6:20 AM EST

Mellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end smart interconnect solutions for data center servers and storage systems, today confirmed that affiliates of Starboard Value have nominated nine director candidates to stand for election to the Board of Directors at Mellanoxs 2018 Annual General Meeting of Shareholders. The Company issued the following statement:

We maintain an open dialogue with our shareholders and welcome constructive input toward our shared goal of enhancing shareholder value. Members of our Board of Directors and senior management team have held numerous discussions and... More

Starboard to nominate nine candidates to Mellanox board

January 17, 2018 7:53 PM EST

(Reuters) - Activist hedge fund Starboard Value LP has started a proxy fight on Wednesday for control of Mellanox Technologies Ltd (NASDAQ: MLNX), calling the Israeli chipmaker deeply undervalued.

Starboard, the largest shareholder of Mellanox with a 10.7 percent stake, said it would nominate a slate of nine candidates for election to the company's board.

The nominations include Starboard head... More

Starboard to Nominate Slate of Nine for Mellanox's (MLNX) Board

January 17, 2018 5:00 PM EST

Starboard Value LP (together with its affiliates, "Starboard"), the largest shareholder of Mellanox Technologies, Ltd. ("Mellanox" or the "Company")(NASDAQ: MLNX), with an ownership interest of approximately 10.7% of the Company's outstanding shares, today announced that it will be nominating a slate of nine highly qualified candidates for election to the Board of Directors at the Company's 2018 Annual Meeting of Shareholders.

Starboard also announced today that it has issued the following open letter to Mellanox shareholders, which can also be viewed at the following... More