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Oclaro, Inc. Message Board

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  • To whom it may concern:
    Today we saw the destruction of much shareholder wealth. Today the owners of the company lost 14% of their value, this comes on top of 2 previous days where additional equity of approximately 15% was destroyed.

    Per the articles of incorporation, the shareholders are the owners of the company. They are investors whose welfare you are entrusted to uphold and grow. This responsibility was clearly violated by the manner in which you have governed this company over the past few weeks.

    In the most recent earnings release, there was much talk of growing sales, and of the current cash and cash equivalents on hand. During these financial releases, no where was there any mention of needing to raise capital. There was no mention that a share dilution of 30-50% was in the offing. I am not talking 5% or even 10% I'm talking real dilution of shareholder holdings - the very value you are responsible to uphold and grow.

    Given the violation of the fiduciary responsibility you have been entrusted with, I believe you have failed in your duties as executive leaders of OCLARO. Therefore I call on all of you to step down NOW. I also place responsibility squarely on your shoulders for any and all legal ramifications of your failure of fiduciary responsibility. Given the timing of this wealth destruction, coming shortly after the ER, means that while you were talking up the sales and quarter numbers to investors you were planning to destroy the very shareholders that you are supposed to be working for.

    You, Sirs and Madams, are what is wrong with corporate governance today. You are clearly lacking in your respect, responsibility, and caring of the owners of OCLR. You are to blame, and you have to take responsibility for your actions. You should be ashamed.
    IMHO.

  • Our Q2 results demonstrate the progress we’re making toward that goal. Our revenue growth in the quarter was driven largely by our success in 100G, which increased by almost 60% quarter-on-quarter. 100G sales represented almost 40% of our total sales in Q2, compared with 24% of sales in Q1. The expansion of our 100G business is the cornerstone of our growth plan. Therefore, we have decided to start breaking out 100G separately from 40G in the supplemental information, which you can find on our website. Our recent results validate that our strategy are focused on 100G for packet optical transport is indeed working.

    The revenue growth in Q2 was primarily due to 100G client side pluggable transceivers, lithium niobate modulators, and narrow line Micro-iTLA lasers. During the quarter, we saw our 100G client side business achieved record revenue levels, driven by two factors. One, the market in China bounce backed as we predicated on our last call. Two, we saw an increase in the adoption of 100G client interfaces in high-end router platforms. We continue to see steady progress in growth from our 100G lithium niobate and our Micro-iTLA product lines. Both of these businesses are ramping nicely and we expect to see continued growth.

  • As a significant investor, I am looking for management to deliver on Rev Growth starting this quarter or put the company up for sale. We need investor activism such as that provided by Engaged Capital, who forced OPLK to sell and are now pressuring SIMG. Otherwise, a few of us should band together and get involved. What say you?

  • With upbeat guidance to boot! They have been cleaning up their financials while strategically hiring people from notable companies for transition related positions. It appears to me they are preparing themselves to be acquired.

    Sentiment: Buy

  • Reply to

    Hey Management, Deliver or put this on the block!

    by sean4te Jan 22, 2015 7:29 PM

    they're busy engineering their bonuses....so don't expect that much other than the usual....
    'we are making progress towards our decade+ old goal of breaking even' or read 'we will never make a profit'
    'shareholders are suckers'
    how will they breakeven if they cannot reduce exec compensation??

    Sentiment: Hold

  • "We completed our alpha builds in Q2 of CFP2 coherent products and are very encouraged by the initial performance that our customers are experiencing. As indicated previously, the modules are working well with seven different DSPs. Now entering the beta phase, the CFP2 coherent products are not expected to contribute meaningful revenue until late in calendar year 2015. We believe that the availability of pluggable coherent modules will be quickly embraced to long-haul and metropolitan applications.

    Additionally, we’re seeing demand growth of these modules for data center interconnects, representing a new and potentially significant market opportunity. We continue to have much stronger demand than we concurrently satisfy as we go through the typical ramp start up process for our pilot production line. We are very focused on successfully ramping the coherent CFP2 into production as it is a key requirement for achieving our growth objectives."

  • up all day, in last 12 mins someone takes the price from 1.70 down to 1.65 where it closes. Mkt as a whole up 320pts. Its easy to mess with 2.00 stocks, doesn't take much to push it either way if one is motivated. I'd like to think someone was simply selling vs. someone who is determined to mess with the MA and the technical stats. While FNSR fell at the end, it was still positive. I am really starting to think this mkt activity is not even related to the company, but rather related to the fact that the stock is 1.65 and easily pushed.
    IMHO.

  • Solid results. Analysts impressed. Breakeven threshold reduced.

    With growing market and 50% improvement in operating efficiency, they are looking good.

    Nice job management!

    There is still more to do, so keep it up!

  • Reply to

    Hey Management, Deliver or put this on the block!

    by sean4te Jan 22, 2015 7:29 PM
    shareholder_in_residence shareholder_in_residence Jan 26, 2015 1:21 PM Flag

    I'm with you too. Here's my concern - this thing drops to 1.25 or something like that. A buyer comes in and offers 1.75 and we are so low it looks good in comparison. "Offer 50% above current price...." or something like that. I was previous posting 4.50, then 4.00 for a sale, but now that looks like a miracle. I've said it before, shorts are TRASH and that should not be allowed. Why is it an asset that I OWN can be taken from me and sold? Isn't that really like funny money? (illustrating my perspective) If someone wants to borrow my shares to short, THEY SHOULD PAY ME, not the dam brokerage house.
    IMHO

  • Reply to

    $2 buyout now for anyone?

    by oclr2moonorbk Feb 6, 2015 1:04 PM

    $OCLR the 100G picking up ! This will retest 2011 highs ! $18

  • Reply to

    CFP2 100G Modules - Revenue growth products

    by gray1808 Feb 10, 2015 12:18 PM

    Conference call reply to question regarding the CFP2's contribution to earnings/revenue going forward into 2016... "a lot".

  • soon this stock will run big time

  • yes, we are scarred....

  • Reply to

    $2 buyout now for anyone?

    by oclr2moonorbk Feb 6, 2015 1:04 PM

    The earnings report and call revived my confidence in this stock having a minimum value of 3, and possible range of 3-6 per share depending on speculation as Jeebe stated. I'm a holdin....

  • Infinera sees the next frontier for 100G optical networking taking place in the data center interconnection market segment, one that the company's leader says will be driven by the rise in server-to-server traffic to accommodate the growth of cloud and content services.

    "We believe this is the market that will drive the first volume adoption of 100-gig into the Metro starting this year and accelerating into 2015," Fallon said, according to a Seeking Alpha transcript. "Industry analyst firm ACG expects the Metro cloud market to grow to over $3 billion by 2019, which significantly expands Infinera's addressable market and further enhances our operating leverage by driving more volume to our vertically integrated manufacturing capability. In the distinct but complementary Metro aggregation market, we expect 100 -- to see 100-gig growth starting in late 2015 or early 2016."

  • Reply to

    OPEN LETTER TO OCLARO MGMT

    by ex_cdo_guy Feb 12, 2015 5:36 PM

    To put it as gently as possible your open letter will have little effect on someone like Greg Dougherty (Oclaro CEO). A veteran who has seen the outrage of employees been let go, the ousting of board members, the drama of shareholders, the ups and downs of the FO industry. True he will lose a lot in future in earnings if Oclaro fails. However, unlike you he's not playing with his own money. 7 months ago (August 2014) Greg legally sold $620,000 worth of Oclaro stock. If you include his salary he made north of $1m last year. I honestly believe that Greg, like other CEOs in his position, is hoping for the best but planning for worst ... (smile). This whole episode of this convertible bond offering shows me that Greg and the Oclaro BOD haven't got a good grasp on the business, It would not surprise me that this bond offering is shelved. Unfortunately whether the bond issue is shelved or not, the damage is done. Potential acquiring companies, if there were any in the first place, will be less inclined to buy a company in need of a cash infusion. If they do make a offer it will be substantially less now that it is known they are in financial trouble. . IMHO a lot of the recent surge in Oclaro share price was due to company takeover speculation. That is now gone! There was also the premise that Oclaro had sufficient funds to turn the corner on the 100g ramp which analysts were basing their recommendation on. That is now gone too!

  • Reply to

    $2 buyout now for anyone?

    by oclr2moonorbk Feb 6, 2015 1:04 PM

    Management said they were hopeful that unit sales of 100G modules would increase from the 10's to 100's to 1000's as volume rames into next year. If I were holding OCLR I would hang on for a while and see if speculation increases by summer's end. Low priced stocks that begin to bounce attract all kinds of idiotic chart chasers,.

  • Reply to

    OCLR 100G growth - 60% quarter on quarter

    by gray1808 Feb 3, 2015 9:51 PM

    Dec14 35m from 100G, 50m other = 85m. 90-95m break even March15 45m from 100G, 50m other= 95m break even June15 55m from100G, 50m other= 105m approx. 10cents/share profit Sept15 65m from100G, 50m other=115m approx. 20cents/share profit Dec15 75m from110G, 50m other=125m approx. 30cents/share profit CY2015 60cents/share profit @ a ttm P/E of 15 = $9.00 share price. Note my qtr to qtr growth is much lower than what "wppd" lays out. It seems as though a lot of posters want OCLR to get bought. I think they can earn their way to a much higher share price. Note: I could be nuts.

  • Volume is higher today than in the last week or so.

    Being cyclical, they should also be looking for more than just 100G once 100G peters out.

    Sentiment: Hold

  • Adam Carter
    Chief Commercial Officer
    Dr. Carter has served as Oclaro’s Chief Commercial Officer since July 2014. Prior to joining Oclaro, he served as the Senior Director and General Manager of the Transceiver Module Group at Cisco from February 2008 to July 2014, where he was instrumental in the acquisition of Lightwire, a Silicon Photonics start-up. He also served as Cisco’s Marketing Director from February 2007 to February 2008. From September 1994 to February 2007, Dr. Carter held various strategic marketing and business development roles at Avago Technologies, Agilent Technologies and Hewlett Packard. In addition, Dr. Carter was a Process and Device Engineer at British Telecom & Dupont from November 1989 to September 1994. Dr. Carter holds a B.Sc. (Honors) in Applied Physics from Portsmouth University and received a PhD from the University of Wales, Cardiff, for his research on plasma etching of III-V semiconductor materials.

OCLR
1.80+0.05(+2.86%)Mar 2 4:00 PMEST

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