Emulex is a respected brand by all of the major storage players. As a 20 year Storage industry veteran, I believe that their 16Gb/s FC HBA's and 10Gb/s Converged adapters are going to remain a cash cow and will be an inflection point that they can leverage to grab market share.
One of the Storage industry's top analyst, Steve Duplessi of ESG disagrees with you: End of an Era - Tom Georgens Takes the Reigns at NTAP
Dan Warmenhoven has bumped himself upstairs and Tom Georgens is now CEO and President at NTAP. Here's the poop: 1. Tom is one of the smartest people you could ever hope to meet. He's a tad weird, like most super geniuses I've known, but his aptitude is unquestioned. His NY accent makes him an oddity in the valley, or Boston, but trust me, NTAP is in perfectly good hands.
2. Dan isn't going anywhere. Tom was handpicked for this job years ago, groomed over those same years, and has been ready to go for a while. Dan just decided now was the time. He has always been candid about not staying too long and getting fresh blood with fresh ideas into NTAP. Like sales god Tom Mendoza - who quasi-retired but still goes to work pretty much every single day all over the globe -Dan won't be leaving. Guys like that are too invested. Good for him to know when it's time. No secession issues here - it will be seamless.
3. There are no variables or unknowns - this is not unexpected. Everyone on the team has been working for Tom as COO forever anyhow.