|Avanex Corporation (stock symbol: AVNX)|
From the most recent 10-K:
“We are a global provider of cost-effective, high-performance intelligent photonic solutions that enable optical communications networks to achieve next-generation performance.
Our photonic solutions are used by telecommunications system integrators and their network carrier customers to enhance system performance and increase network speed and efficiency. Communications network carriers are deploying fiber optic transmission systems to improve the networks’ ability to transmit and manage the high volume of voice, video and data traffic generated by the growth of the Internet and other bandwidth intensive applications. Fundamentally, our technologies allow voice, video and data signals to be transmitted on fiber optic networks. More specifically, these technologies generate and receive wavelengths of light, increase the number of wavelengths of light that are transmitted on fiber optic networks, and extend the distance an optical signal can travel without electrical regeneration, a process which adds expense and complexity to network transmission systems. Our photonic solutions perform optical signal processing and influence systems architecture. Our photonic solutions include components, modules and sub-systems with built-in signal processing and controlling algorithms.”
Company website: avanex.com
SEC filings: sec.gov
When the company went public on February 4, 2000, it raised $248.4 million through the sale of 6,900,000 shares at a price of $36 per share. The stock opened at $170 per share and subsequently traded as high as $261 per share. After the Internet Bubble imploded, the shares traded as low as $.62 during the quarter ending December 31, 2005.