News

Following softer-than-expected demand from customers in Europe, photonic component, module and subsystem maker Oplink Communications Inc of Fremont, CA, USA has lowered its guidance for fiscal third-quarter 2008 revenue (to end March) from the figure of $41-45m (provided on 31 January) to $39-40m (down on the prior quarter’s $48.9m).

The firm also expects to record a substantial charge relating to excess and obsolete inventory, leading to a GAAP net loss.

Oplink forecasts continued softness in sales in fourth-quarter 2008 (to end-June) due to continued weakness in Europe, reduced sales of ROADMs (reconfigurable optical add/drop multiplexers) and lower product sales during the transfer of the manufacturing lines of Optical Communication Products Inc of Woodland Hills, CA, USA (acquired last October) to China.

“We remain optimistic that Oplink will realize the benefit of the broader product portfolio and increase shareholder return over time,” says president and CEO Joe Liu.

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