Oplink Communication, Inc. (OPLK) - 500 Beiträge pro Seite

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Profile:Oplink Communication, Inc. (Oplink) provides a broad line of high performance fiber optic components and integrated optical modules worldwide to communications equipment suppliers. Oplink`s bandwidth creation products substantially increase the capacity of fiber optic networks. The Company`s bandwidth management products provide communications service providers with network intelligence, or the ability to monitor and manage optical signals to enhance network performance. By combining its technical expertise with its extensive micro-optic manufacturing capability and capacity in the United States and China, Oplink is able to produce large volumes of optical components and customized integrated products that meet the specific design needs of customers.
http://www.oplink.com

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Oplink Communications to Acquire Aurora Photonics
Tunable Technologies are Key to All-Optical Networks
SAN JOSE, Calif., June 4 /PRNewswire/ -- Oplink Communications, Inc. (Nasdaq: OPLK - news), a leading independent designer and manufacturer of innovative passive optical components and integrated optical subsystems, today announced a definitive agreement to acquire the assets of privately held Aurora Photonics, Inc. of Santa Clara, California. Aurora Photonics is a pioneer in tunable acousto-optic (AO) technologies, and holds six fundamental AO technology patents.

As a leader in passive fiber optical components, the acquisition will enhance Oplink`s ability to deliver a broader range of tunable optical components. The strength of this acquisition is the combination of Oplink`s micro-optics design and packaging technology with Aurora`s tunable technology to provide a series of tunable products including; 100 GHz in-fiber optical add-drop multiplexers (IFOADM), low-cost optical spectrum analyzers (OSA), optical channel monitors and various tunable filters.

Dr. I. C. Chang, president of Aurora Photonics, will become Oplink`s Vice President of Advanced Tunable - AO Technology. Dr. Chang pioneered the first series of commercial AO products and authored more than a dozen AO patents, including the basic invention of the noncollinear acousto-optical tunable filter (AOTF).

``Next generation passive optical components must deliver tunability, flexibility, quality, microelectronic-optical integration, and low cost,`` stated Joe Liu, Oplink`s CEO. ``Oplink intends to be one of the leaders providing end-to-end tunable and integrated products to address growing Metro, Access, and Long-Haul applications.``

About Oplink Communications

Oplink designs, manufactures and markets high performance fiber optic networking components and integrated optical sub-systems that control, expand, amplify, switch, route, monitor, and protect optical signals. Oplink offers a broad line of components and subsystems that increase the performance of all- optical networks. The company supplies products to all major telecommunications equipment providers worldwide.

Please contact Tony Tissot, public relations at 408-965-7292, or [e-mail], for further information. To learn more about Oplink, visit its web site at: www.oplink.com.

Except for the purely historical information contained herein, this news release contains forward-looking statements regarding the introduction, performance, and acceptance of new products that involve risks and uncertainties. These risks include inherent difficulties associated with researching, developing, and qualifying new technologies, including those in the acousto-optical area, the need to successfully transition our pilot-line products to volume manufacturing and the effective management of that transition, the strict requirements of product specifications in this industry and the ability to meet those specifications, the need to effectively manage our inventory levels and operating expenses, our reliance upon third parties to supply our raw materials and equipment, intense competition in our target markets, the need to attract and retain key personnel, the concentration and success of our manufacturing operations in China, risks associated with the protection of our, and possible infringement of others`, intellectual property and other risks detailed from time to time in our SEC filings, including our registration statement on Form S-1, dated October 3, 2000, and Form 10-Q, dated May 15, 2001.

The foregoing information represents Oplink`s outlook only as of the date of this press release, and Oplink undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

SOURCE: Oplink Communications, Inc.

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Oplink Introduces High Performance, Low Cost Fused Product Family
Ultra Low Insertion Loss 980/1550nm WDMs and Ultra Low Loss Extended Band Tap Couplers and Splitters
SAN JOSE, Calif., June 27 /PRNewswire/ -- Oplink Communications, Inc. (Nasdaq: OPLK - news), designer and manufacturer of innovative optical components and integrated optical subsystems, today announced its new High Performance Dura fused fiber product family. Oplink`s Dura family includes ultra-low insertion loss 980/1550 nm wavelength division multiplexers (WDM), and ultra low loss extended band tap couplers and splitters. Oplink will be featuring its Dura fused fiber product family at NFOEC, booth 6436.

Oplink`s High Performance Dura fused fiber product family is manufactured based on a patented fusion technique. The technique is also being utilized in Oplink`s Ultra High Reliability X-Dura fused product family for the undersea optical market.

Oplink`s High Performance Dura WDM provides significant performance gains over typical optical fused fiber WDMs. Typical WDMs have optical loss figures in the 0.2 - 0.3 dB range. Oplink`s new Dura WDM features an extremely low optical insertion loss, less than 0.1 dB, for both the pump channel and the signal channel. It also features ultra-low polarization dependant loss (PDL) (< 0.05 dB), low polarization mode dispersion (PMD) (< 0.02 ps) and high optical power handling (> 3 W). Oplink`s High Performance Dura WDMs operate over the entire optical C-band (1525-1565 nm) or L-band (1570-1610 nm). Measuring as little as 45 mm in length, the small form factor allows optical amplifier makers greater design flexibility. Oplink`s High Performance Dura WDM can be manufactured with Corning PureMode (TM) HI 1060 or CS980 type fibers.

Oplink`s High Performance Dura tap couplers and splitters include a wide operating wavelength range (extended band at 1420-1520nm or 1520-1620 nm), ultra low PDL (< 0.05 dB), ultra-low excess loss (< 0.05 dB), low wavelength dependant loss (< 0.005 dB per nm), high optical power handling (> 2W) and compact sizes of less than 40 mm in length. The optical coupling ratio may be from 0.5 percent to 50 percent.

EDFAs and Raman amplifiers have strict performance requirements; every tenth of a dB gain is valuable. Oplink`s new Dura and X-Dura family of fused fiber products will meet or exceed next generation EDFA, Raman Amplifier and system requirements.

About Oplink Communications

Oplink designs, manufactures and markets high performance fiber optic networking components and integrated optical subsystems that control, expand, amplify, switch, route, monitor, and protect optical signals. Oplink offers a broad line of components and subsystems that increase the performance of all-optical networks. The company supplies products to all major telecommunications equipment providers worldwide.

For technical information, please contact Zhong Shi, Ph.D. at 408-382-6879 or Dennis Ma, Ph.D. at 408-965-7256. Please contact Tony Tissot, public relations at 408-965-7292, or [e-mail], for further information. To learn more about Oplink, visit its web site at: www.oplink.com.

Except for the purely historical information contained herein, this news release contains forward-looking statements regarding the introduction, performance, and acceptance of new products that involve risks and uncertainties. These risks include inherent difficulties associated with researching, developing, and qualifying new technologies, the need to successfully transition our pilot-line products to volume manufacturing and the effective management of that transition, the strict requirements of product specifications in this industry and the ability to meet those specifications, the need to effectively manage our inventory levels and operating expenses, our reliance upon third parties to supply our raw materials and equipment, intense competition in our target markets, the need to attract and retain key personnel, the concentration and success of our manufacturing operations in China, risks associated with the protection of our, and possible infringement of others`, intellectual property and other risks detailed from time to time in our SEC filings, including our registration statement on Form S-1, dated October 3, 2000, and Form 10-Q, dated May 15, 2001.

The foregoing information represents Oplink`s outlook only as of the date of this press release, and Oplink undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

SOURCE: Oplink Communications, Inc.

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Oplink Communications Provides Preliminary Financial Fourth Quarter Results
Company Accelerates Move to China
SAN JOSE, Calif., July 2 /PRNewswire/ -- Oplink Communications, Inc. (Nasdaq: OPLK - news), a designer and manufacturer of innovative optical components and integrated optical subsystems, today announced preliminary results for its fiscal fourth quarter ended June 30, 2001. Additionally, the Company announced that it has taken steps to further reduce operating costs, including the acceleration of its planned transfer of a majority of manufacturing operations to China. These steps are intended to reduce future operating costs.

For the fourth quarter ended June 30, 2001, Oplink reported preliminary revenue of approximately $20 million, and an estimated pro forma net loss per share for the quarter, excluding non-cash and restructuring charges, of $0.04-$0.05. The Company continues to have limited visibility on customer orders and revenue for the remainder of calendar year 2001, and expects to see a sequential decline in revenue for the September quarter. Additionally, the Company recognized charges of approximately $24-$26 million, primarily associated with the restructuring of operations in San Jose, the write down of goodwill and intangible assets related to a prior year acquisition and amortization of deferred compensation and goodwill. Further details of financial performance and future expectations will be provided when the Company reports final results for the fourth quarter and full fiscal year on July 31, 2001.

The Company is accelerating the transfer of manufacturing processes, assembly operations, and supply chain management to its Pearl River Delta site in Zhuhai, China. Originally intended to occur over the next two years, the Company now anticipates that it will complete this transfer by this calendar year end. This accelerated plan seeks to capitalize on the strong optical expertise currently available in Oplink`s China subsidiary, particularly in the areas of manufacturing and research & development, and is expected to allow the Company to realize significant operating cost savings due to the favorable manufacturing and tax environment in China. Along with this transfer, Oplink will continue its selected outsourcing of certain material supplies and subcomponents.

In conjunction with this movement of operations, the Company will further reduce its workforce in San Jose, CA to approximately 400 employees. Oplink maintains a strong balance sheet with approximately $244 million in cash and cash equivalents, and intends to limit future capital expenditures primarily to that required to support the transfer to China.

``In response to continued softening in demand throughout the fiber optics industry, we have taken these steps to more aggressively reduce expenses, realize ongoing operating efficiencies, and carefully manage our cash resources for the long-term,`` commented Fred Fromm, Oplink`s president. ``We have developed and are executing a plan to transition manufacturing processes and supply chain management, and give Oplink greater access to a talented technical workforce, while maximizing our ability to scale capacity in accordance with changing demand for our products.

``Oplink is pleased to see continued customer acceptance and support for our products throughout the marketplace. We have received design wins from many existing and new customers, and believe we are well positioned to fulfill these product requirements to the extent network demand resumes. In the interim period, we are focused on reducing costs to effectively manage the Company`s cash resources and maintain a strong balance sheet, while enhancing our technology portfolio through continued investments in R&D. We continue to believe that Oplink will be is a key player in the future growth of the all-optical network.``

About Oplink Communications

Oplink designs, manufactures and markets high performance fiber optic networking components and integrated optical subsystems that control, expand, amplify, switch, route, monitor, and protect optical signals. Oplink offers a broad line of components and subsystems that increase the performance of all-optical networks. The company supplies products to all major telecommunications equipment providers worldwide. To learn more about Oplink, visit its web site at: www.oplink.com.

Except for the purely historical information contained herein, this news release regarding fourth quarter results contains forward-looking statements regarding our expected financial results and other matters that involve risks and uncertainties. These risks include, but are not limited to, the widespread downturns in the overall economy in the United States and other parts of the world and the telecommunications industry, sudden reductions in customer orders, the difficulties associated with transitioning our manufacturing operations to China, the challenge to effectively manage our inventory levels and operating expenses during periods of weakening demand, the impact of reductions in work force and other restructuring on financial results, the impact of reductions in work force on productivity and expected product manufacturing and other plans, our reliance upon third parties to supply our raw materials and equipment, intense competition in our target markets and potential pricing pressure that may arise from changing supply-demand conditions in the industry, the need to retain and motivate key personnel, risks associated with the protection of our, and possible infringement of others`, intellectual property, and other risks detailed from time to time in our SEC filings, including our registration statement on Form S-1, dated October 3, 2000, and Form 10-Q, dated May 15, 2001.

The foregoing information represents Oplink`s outlook only as of the date of this press release, and Oplink undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

SOURCE: Oplink Communications, Inc.

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Tuesday March 19, 6:29 pm Eastern Time
Fiber component makers Avanex, Oplink to merge
(UPDATE: adds Avanex comment, updates stock price)

By Sinead Carew

NEW YORK, March 19 (Reuters) - Avanex Corp. (NasdaqNM:AVNX - news), a maker of components for fiber optic telecommunications networks, on Tuesday said it agreed to acquire rival Oplink Communications Inc. (NasdaqNM:OPLK - news), in a move to broaden its customer base.
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Oplink and Avanex make passive optical devices that manipulate light rays in fiber optic networks, which are used for high speed communications.

Oplink`s products could be integrated in Avanex modules said analyst Pierre Maccagno, vice president at Needham & Co. Inc.

Maccagno also said the deal could give Avanex enough cash to buy again. The companies said their combined pro forma cash would have been $430 million at the end of last year.

``The telecoms market has low visibility and there are quite a few players so this was a good opportunity to consolidate,`` said Maccagno.

``Oplink has off-shore manufacturing so Avanex could get the advantage of lower costs. Avanex will also have more cash to make further acquisitions,`` Maccagno said.

The companies said they will work in the long term towards moving all of their manufacturing outside of the United States to save costs. Avanex currently manufactures 50 percent of its products domestically.

``We`re building a plan. This will not happen overnight,`` Paul Engle, Avanex president and chief executive, said on a conference call. Engle will retain this role in the combined company.

After noting that telecommunication customers are looking for fewer suppliers, Engle said that Avanex could consider more acquisitions in the future.

``We have seen opportunities to look at the active market,`` he said but noted that an acquistion of either an active optics or a passive optics company could happen.

Neither company makes active optical components, which are used to put inactive fiber optic cables -- so-called dark fiber -- into operation. Maccagno suggested that Avanex could look for another acquisition in this area.

Active photonics developers include New Focus Inc. (NasdaqNM:NUFO - news) and Bandwidth9 Inc. The big shots in Avanex`s field include JDS Uniphase Corp. (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news) and Corning Inc. (NYSE:GLW - news)

The terms of the deal call for Fremont, California-based Avanex to exchange 0.405344 share of its common stock for each share of Oplink. Upon completion of the deal, Avanex and Oplink shareholders would each own about 50 percent of the combined company, to be called Avanex.

The exchange ratio values San Jose, California-based Oplink`s shares at about $1.75, near their Monday closing Nasdaq price of $1.73.

Avanex stock closed down 2 cents at $4.30 while Oplink lost less than 1 cent to $1.73 on Nasdaq.

Based on their stock prices, the combined companies` market capitalization would be about $610 million, they said. The companies expect net cost savings of about $15 million in the first full year after the transaction.