1. Regarding the 10% ownership by Soros. It will be 10% if/when Soros converts his convertible notes to shares. Read carefully below.
"Amount Beneficially Owned:
As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of 12,051,281 Shares issuable upon the conversion of 6.00% convertible notes due February 15, 2020 (the “Convertible Notes”) beneficially owned by the Reporting Persons.
Percent of Class:
As of the date hereof, assuming full conversion of the Convertible Notes beneficially owned by the Reporting Persons, each of the Reporting Persons may be deemed to be the beneficial owner of approximately 9.95% of the total number of Shares outstanding."
2. Nice award but will it result in profitable sales?
3. Prior Oclaro's management predictions were wrong.
4. 3 directors plus the CEO (who is also a director) indeed bought shares. About $400,000 was spent on the purchases. This is encouraging but was not joined by officers who are not on the BOD.
The recent sequence of events include:
1. Soros buys into convertible offering and declares 10% ownership of Oclaro
2. Oclaro wins Lightwave Innovation Award for 100G CFP2 module
3. Oclaro management predicts breakeven by end of calendar 2015 based on backlog of orders for 100G CFP2 and volume production starting in late 2015
4. Oclaro management and directors buy OCLR stock in support of their plans
Currently we are in the quiet period so there is no new news.
The next OCLR quarterly report is due August 11 - 17
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What volume are you talking about? The short interest in OCLR has been rising. Soros?
Perhaps you should study Soros' poor record with EXTR and realize that Soros has not been a good small-company investor.
Oclaro is a perennial loser. The stock went up because a couple of directors purchased the stock and Needham boosted to price target to $3.75. Now it is going down in anticipation of more poor quarterly results.
The Oclaro 100G CFP2 module has a backlog of orders and goes into volume production in the calendar Q4 2015 quarter. This is the big news that will move Oclaro into profitability.
Concerning the OCLR stock, the volume shows that someone is acquiring a big position.
Lightwave Innovation Award Panel - 2015
Our panel included:
Jim Benson, Jr., vice president, Americas, Coriant
Robert Blum, product marketing director, Oclaro
Brandon Collings, CTO, Optical Communications, CCOP, JDSU
Frank Effenberger, Huawei Fellow, Vice President Access R&D department, Network product line, Futurewei Technologies
Jim Hayes, president, The Fiber Optic Association
Daryl Inniss, vice president & practice leader, components, Ovum
Vladimir Kozlov, founder and CEO, LightCounting
Patrick McLaughlin, editor in chief, Cabling Installation & Maintenance
Rick Talbot, principal analyst, optical infrastructure, Current Analysis
Jim Theodoras, senior director of technical marketing, ADVA Optical Networking
Dr. Tiejun J. (TJ) Xia, Distinguished Member of Technical Staff, Verizon
This is the BIG NEWS that raises eyebrows? What raises eyebrows is the stock price drops about 25% over the past month on NO NEWS. This should be a cause of concern.
Oclaro Coherent CFP2 Pluggable Module
March 17, 2015
Author Lightwave Staff
This is a whole new way of addressing the coherent ecosystem by putting optical components in the module and electronics on the board, where both belong. Judge's Comment.
The Coherent CFP2 module is a transceiver offered in a pluggable format. The small form factor increases density at the faceplate, reduces power dissipation, and optimizes optical performance, Oclaro says. The flexible design can support both 100G PM-QPSK and 200G 16QAM with the appropriate DSP and driver technology.
The module leverages Oclaro's indium phosphide photonic integration technology, which results in high optical output power. This is important for systems that use linear modulation schemes, Oclaro says. The pluggable format means that customers can minimize installation costs and scale networks by adding capacity over time, the company adds.
Tell us why you believe the target price is "fishy." What proof do you have, lay it out for all of us if not you will be know as another Donald Trump and you don't want that.
Will the shorts cover before the next OCLR earnings report (August 11 - 17)?
At what price?
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
6/15/2015 14,200,091 1,454,247 9.764566
5/29/2015 11,855,675 2,033,632 5.829804
5/15/2015 11,740,761 1,216,851 9.648479
4/30/2015 11,393,767 685,448 16.622365
4/15/2015 10,432,282 551,584 18.913315
3/31/2015 10,321,044 803,214 12.849681
Let's not forget that this is the news that set off the OCLR stock.
We will get an update on about August 11 at the quarterly conference call.
There was also a little statement made @ ECOC which basically said, "anyone with a 28 tuneable will be in Business." That's right, capital B. Also part of OCLR's prioritized product lineup. Of course they'll need to sell alot of them.
The main types of optical communications devices in demand will be CFP2-ACO [CFP2 form factor pluggable analogue coherent optics] based on indium phosphide. This will be the breakout technology for photonic integration. I don't think 2016 will be a breakout year for silicon photonics, except in PSM4 QSFP28 applications, which will ramp.”
So which suppliers can expect to have significant market positions if these forecast changes come to pass? Schmitt commented, “I think the leader in CFP2-ACO will be Oclaro.
Check out optics "dot" org for this article