FOR IMMEDIATE RELEASE                         2000-122

       SEC FREEZES ASSETS OF DEFENDANT IN EMULEX HOAX

     Los Angeles, California, September 1, 2000 - The
Securities and Exchange Commission ("Commission") announced
that late Thursday afternoon, a federal judge in Southern
California entered an asset freeze and a temporary
restraining order against Mark S. Jakob ("Jakob") of El
Segundo, California.  The order by U.S. District Judge
Virginia A. Phillips was in response to the Commission's
Complaint and other supporting documents filed Thursday
morning, charging Jakob with perpetrating an Internet hoax
six days earlier involving Emulex Corp. of Costa Mesa,
California.

     The Court's order imposes an immediate freeze on all
assets held by Jakob, including assets at any brokerage firm
or bank.  Thus far, the Commission has identified and frozen
more than $400,000 in assets.  These include nearly $241,000
in profits which the Commission alleges Jakob illegally
obtained from his trading activities before and after the
issuance of the false press release.  The temporary
restraining order also enjoins Jakob from violating the
antifraud provisions of the federal securities laws, Section
17(a) of the Securities Act of 1933 and Section 10(b) of the
Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
Additionally, the Court ordered Jakob not to destroy or
otherwise dispose of any documents, including computer
records.

     The Commission's Complaint alleged that Jakob, using an
alias and purporting to act on Emulex's behalf, used a
personal computer at El Camino Community College to send an
e-mail instructing his former employer, Internet Wire, Inc.,
to issue an attached press release for Emulex.   In fact,
the release was a complete hoax.  The Complaint further
alleged that in the 16 minute period that followed the
republication of the press release by other news
organizations, 2.3 million Emulex shares traded and the
price plummeted almost $61, resulting in Emulex's losing
$2.2 billion in market capitalization.  Following a trading
halt by NASDAQ, Emulex resumed trading later that day after
the hoax was discovered, and the price rebounded to close at
$105.75.

     A hearing on this matter will be held on September 11,
2000, at U.S. District Court in Riverside, California, where
the Court will consider the Commission's motion that the
asset freeze and other relief ordered yesterday remain in
effect pending trial of this action.



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