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   Technology StocksOclaro, Inc. (Avanex-Bookham)


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To: Glenn Petersen who wrote (2284)9/12/2013 1:03:18 PM
From: richardred
   of 2294
 
They were looking to buy something. Zigo is 50 % than their original offer and is now 23% owned by MAK Capital One LLC.
Message 26371972

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From: more1009/30/2016 4:30:04 AM
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The chart remains strong, up and intact but below $8.50 some cracks will show up

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From: more1001/30/2017 5:53:28 AM
   of 2294
 
Stocks don't go up until the powers that be have their shares,mm's shaking the trees for shares.....accumulation going on here!

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From: JakeStraw1/31/2017 4:08:43 PM
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Oclaro Announces Second Quarter Fiscal Year 2017 Financial Results
finance.yahoo.com

"Our December quarter was very strong with improvement in all our financial metrics. Revenue increased 14 percent from the first quarter of fiscal 2017, and 64 percent from the same quarter last year, with demand for our newer 100G and beyond products driving this excellent growth. In addition, we had record gross margin and operating income resulting from higher revenue, a richer product mix, and favorable foreign exchange rates," said Greg Dougherty, Chief Executive Officer, Oclaro. "We currently forecast revenue to increase again in the March quarter, driven by healthy demand across the multiple markets we serve."

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From: FUBHO3/2/2018 2:03:35 PM
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Oclaro sampling 400G, 600G InP 64 GBaud optical components

March 1, 2018
Lightwave Staff
Oclaro, Inc. (NASDAQ: OCLR) says it has begun sampling a range of 64-GBaud optical components suitable for applications that require 400- or 600-Gbps optical transmission. The portfolio includes a 64-GBaud micro-intradyne coherent receiver (micro-ICR), a 64-GBaud integrated coherent transmitter (ICT), a 64-GBaud high-bandwidth co-packaged driver modulator (HB-CDM), as well as a high-bandwidth LiNbO3 polarization-multiplexed quadrature Mach-Zehnder (PM-QMZ) modulator and a 100-kHz micro-integrated tunable laser assembly (micro-ITLA).

The company sees the devices as suitable to support a wide range of fiber-optic network applications, including long-haul, regional, metro, and data center interconnect. Oclaro expects the optical components to reach volume production by the end of this year; the LiNbO3 PM-QMZ modulator has already achieved this milestone. The company introduced the products last September in conjunction with ECOC 2017 (see " Oclaro introduces photonic ICTs and ICRs for 400G and 600G applications").

Details of the components include:

  • The micro-ITLA complies with the OIF micro-ITLA Implementation Agreement. Oclaro says use of the company's thermally tuned DS-DBR laser technology enables a significant reduction in low frequency phase noise and linewidth while increasing optical output power to above +17 dBm.
  • The HB-CDM complies with the OIF HB-CDM Implementation Agreement. It combines a high-bandwidth InP PM-QMZ modulator chip with a co-packaged matched RF driver. Semiconductor optical amplifiers (SOAs) integrated within the InP modulator chip enable flexible optical power and high linearity, Oclaro says.
  • The 64-GBaud+ ICT combines a narrow line-width laser with a PM-QMZ Mach Zehnder modulator to support multiple baud rates up to 64-GBaud and 64-QAM modulation. The device thus supports transmission from 100 to 600 Gbps. Built-in SOAs, a tunable filter, and a polarization multiplexer eliminate the need for external optical components, simplify assembly, and enable operation in colorless networks, Oclaro says. The ICT provides a local oscillator output with +12-dBm EOL power for a mated coherent receiver.
  • The 64-Gbaud+ ICR supports data rates from 100 to 600G and beyond, says Oclaro. It supports baud rates up to 64-GBaud with modulation schemes such as 64-QAM. The 64-GBaud ICR has an integrated monitor photodiode and variable optical attenuator to support single-channel and multichannel applications in colorless networks. It is compliant with the form factor specified in the OIF Implementation Agreement OIF-DPC-MRX-01.0
  • Oclaro says the 64-GBaud ICR offers almost twice the bandwidth of 32-Gbaud parts without a change in responsivity. The 64-GBaud ICT-ICR pair thus can maximize link budgets in both existing and greenfield networks while doubling the capacity per channel, the company asserts. The ICT-ICR are packaged in a way that makes them suitable for the stringent size requirements on next-generation high-density 600G platforms, Oclaro adds.

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From: Glenn Petersen3/12/2018 3:58:47 PM
2 Recommendations   of 2294
 
Optics tech firm Lumentum buys Oclaro for $1.7 billion

Reuters
March 12, 2018 / 5:19 AM / Updated 5 hours ago

(Reuters) - Laser and optical fiber specialist Lumentum Holdings Inc ( LITE.O), seen by analysts as a parts supplier for Apple’s Face ID technology, will buy optical components producer Oclaro Inc ( OCLR.O) for about $1.7 billion in cash and stock.

Announcing the deal on Monday, California-based Lumentum said the purchase was aimed at broadening its portfolio of laser offerings and getting an edge in a fast-developing market for 3D sensing technology.

Technology sector analysts say Lumentum is the primary supplier of vertical-cavity surface-emitting lasers (VCSELs) that power the Face ID, Animoji and portrait mode features in Apple Inc’s ( AAPL.O) premium iPhone X.

However, neither Apple nor Lumentum have publicly said that this is the case.

The offer price of $9.99 per share, consisting of $5.60 in cash and 0.0636 of a share of Lumentum common stock, represents a premium of 27.3 percent to Oclaro’s closing price of $7.85 on Friday.

Oclaro was up as much as 25.7 percent at $9.87. Lumentum rose as much as 7.3 percent, hitting a record of $74.03 in early trading.

“The long awaited industry consolidation may have just started with Lumentum announcing they will be acquiring Oclaro,” Piper Jaffray analyst Troy Jensen said in a note.

Shares of its peers Finisar Corp ( FNSR.O) and NeoPhotonics Corp ( NPTN.N) were up nearly 3 percent, while Applied Optoelectronics Inc jumped about 8 percent ( AAOI.O).

“Investors have been waiting for this industry to consolidate for the past 2-3 years given too many companies are chasing the same customers and the industry has massive redundant research and development expenses,” Jensen added.

The deal helps Lumentum add Oclaro’s wafer fabs in UK, Japan and Italy to its existing capacity, while it is looking to ramp up production of 3D sensing laser chips.



Apple had awarded $390 million to rival Finisar in December to boost production of laser chips.

“We’re pretty excited about adding this fab capability ... to be able to tackle the really huge pipeline of 3D sensing designs that we’ve got in front of us,” said Lumentum’s Chief Executive Officer Alan Lowe on a post-earnings call.

The deal is expected to immediately add to Lumentum’s adjusted earnings per share, the companies said in a joint statement.

Lumentum intends to fund the cash consideration with a combination of cash from the combined companies’ balance sheets and $550 million in debt financing.

Oclaro, which makes optical components for data center markets said its stockholders are expected to own about 16 percent of the combined company when the deal closes.

Deutsche Bank Securities served as financial adviser to Lumentum and Wilson Sonsini Goodrich & Rosati as legal counsel, while Jefferies LLC was the financial adviser to Oclaro and Jones Day the legal counsel.

Reporting by Sonam Rai and Arjun Panchadar in Bengaluru; editing by Patrick Graham

reuters.com

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From: Glenn Petersen4/17/2018 9:51:35 AM
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These Optical Stocks Plunge As U.S. Bans Sales To China's ZTE

REINHARDT KRAUSE

IBD
4/16/2018

Shares in optical device makers plunged Monday after the U.S. Commerce Department banned domestic firms from selling components to Chinese telecom gear maker ZTE following a probe into illegally shipped equipment to Iran and North Korea.

X Acacia Communications ([url=]ACIA[/url]) lost more than a third of its value, cratering nearly 36% to close at 25.63, while Oclaro ([url=]OCLR[/url]) plummeted 15.2% to 7.99 on the stock market today. Inphi ([url=]IPHI[/url]) sank 6% to 30.795, Lumentum Holding ([url=]LITE[/url]) plunged 9.1% to 58.48, Finisar ([url=]FNSR[/url]) fell more than 4% to 15.62, and NeoPhotonics ([url=]NPTN[/url]) dropped 4% to 6.52.

According to a Raymond James report, Acacia garners 30% of sales from ZTE and Oclaro 14%. Lumentum, Finisar and NeoPhotonics get 2% to 3% of sales from ZTE, said the Raymond James report. A William Blair report, however, puts Lumentum's sales to ZTE in a range of 5%-10%, with Oclaro at 17.5% of 2017 revenue.

"Perhaps there were other or bigger reasons behind the seven-year ban but the new actions seem harsh at first blush, hurting equally the U.S. component companies betting on strong growth
in China," said Dmitry Netis, a William Blair analyst in a report. "New sanctions likely meant to get the point across to the Chinese company to follow up fully on its promise after the initial fines were paid out and management changes executed upon."

Probed in 2016

The commerce department initially probed ZTE's sales to Iran in 2016. The Chinese gear maker pleaded guilty last year in federal court in Texas for conspiring to violate U.S. sanctions to Iran.

ZTE paid $890 million in fines and penalties and agreed to take other steps but has not followed through, the commerce department said. The commerce department issued new sanctions after it determined that ZTE has violated terms of its 2017 settlement agreement with the agency. U.S. companies could be banned from selling components to ZTE for up to seven years.

Trade tensions with China have been rising, with the Trump administration threatening to impose tariffs on Chinese imports. ZTE is the second biggest Chinese maker of telecom gear behind Huawei. The U.S. government has told U.S. wireless firm not to buy Huawei gear, citing concerns over national security.

'False Statements'"

ZTE made false statements to the U.S. government when they were originally caught and put on the Entity List, made false statements during the reprieve it was given, and made false statements again during its probation," Commerce Secretary Wilbur Ross said in a written statement. "Instead of reprimanding ZTE staff and senior management, ZTE rewarded them. This egregious behavior cannot be ignored."

The department's so-called Entity List requires that U.S. and foreign companies doing business with those on the list first obtain a license.

The ZTE ban is the latest China-related problem for optical device makers. NeoPhotonics, Oclaro, Acacia, Lumentum, and Finisar sell the most optical components to China, according to a UBS report.

Lumentum, Oclaro, Finisar and other makers of optical components have been slammed by a slowdown in telecom-related orders in China. Analysts had been expecting a rebound in 2018, spurred by spending on fiber-optic networks, 5G wireless and data centers designed for cloud-computing services.

investors.com

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From: Glenn Petersen11/17/2018 10:21:33 PM
   of 2294
 
Lumentum: Pros And Cons Of The Oclaro Buyout

Jul. 8, 2018 12:44 PM ET
by: Business Quant
Seeking Alpha

Summary

-- Lumentum's pending acquisition of Oclaro is looking a lot less attractive now.

-- Oclaro has a significant exposure to the Chinese market, along with the problem-ridden ZTE, which presents a significant political risk for shareholders of both companies.

-- It's probably in the best interest of Lumentum shareholders if their company renegotiated buyout related terms, or ditched the deal altogether.

More at link

<snip>

seekingalpha.com

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From: Alejandroo Green11/26/2018 8:58:11 AM
   of 2294
 
Getting ready for the bounce back up. Looking for breakout at 8.24 for a run up to 8.84.

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From: Glenn Petersen6/4/2019 11:20:49 AM
   of 2294
 
Lumentum Announces Completion Of Oclaro Acquisition

Press Release
Published: Dec 10, 2018 9:15 a.m. ET

MILPITAS, Calif., Dec. 10, 2018 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today announced that it has completed its previously announced acquisition of Oclaro, Inc. Oclaro's stockholders previously approved the merger agreement relating to Lumentum's acquisition of Oclaro. As a result of the completion of the acquisition, trading in Oclaro common stock on the NASDAQ Stock Market will cease today.

"I'm excited to close the acquisition and now move forward with realizing the strong potential of the combined company. The combined scale, resources, talent, and breadth of technologies will help us accelerate innovation and the development of the products our customers and network operators around the world need to handle the tremendous and unrelenting growth in network bandwidth," said Alan Lowe, president and CEO of Lumentum. "I am excited to welcome the talented Oclaro employees to Lumentum and want to thank Oclaro's management team for their leadership in getting us to this point today."

Under the terms of the merger agreement, Oclaro stockholders will receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro common stock that is exchanged in accordance with the terms of the merger agreement. Lumentum and Oclaro have determined that it is likely that the transaction will be fully taxable to Oclaro stockholders for U.S. federal income tax purposes, and therefore Lumentum will report the transaction as taxable.

"Completion of the transaction creates a powerful force in the optical industry and tremendous opportunity for employees, customers, and shareholders," said Greg Dougherty, Oclaro's CEO. "It was a great pleasure to lead the Oclaro team, and I wish the new combined Lumentum team future success."

As previously announced Lumentum anticipates achieving an estimated $60 million in synergies in the 12-24 months following the closing of the transaction.

Lumentum financed the cash portion of the transaction consideration with cash from the combined company balance sheets and $500 million from a new term loan entered into in connection with the closing of the transaction.

Ian Small, a member of Oclaro's Board of Directors, has joined the Lumentum Board of Directors, per the terms of the merger agreement. Mr. Small is the Chief Executive Officer of Evernote, a mobile and desktop personal productivity application company and was previously with Telefónica S.A., where he was the company's global Chief Data Officer, and also served as Chairman of the Board of TokBox, a platform-as-a-service provider of embedded video communications.

Lumentum is not updating any previously provided guidance for fiscal Q2 2019 results to incorporate the impact of the Oclaro acquisition. During its fiscal Q2 2019 earnings conference call, Lumentum will provide an update on Oclaro's contribution to Lumentum's second fiscal quarter. Details regarding the date and time of the call will be provided later.

About Lumentum

Lumentum LITE, +4.81% is a market-leading manufacturer of innovative optical and photonic products enabling optical networking and commercial laser customers worldwide. Lumentum's optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum's commercial lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in Milpitas, California with R&D, manufacturing, and sales offices worldwide. For more information, visit https://www.lumentum.com/en.

marketwatch.com

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