== Expecting a slight miss and flat guidance. Everyone's affected by hefty price declines Jan 1.
Carrier spending uptick will not begin until second half of 2013 and will slowly accelerate through 2014.
Oclr lost $47m last quarter on $148m revenues (windfall profit on sale of assets excluded). Even with estimated sales of 154.5m this quarter and some realization of synergy savings from the Ocalro/Opnext merger, it does not look good. With hefty Jan 1 price declines and delay in telecom spending until second half of 2013, its anyone's guess how much the OCLR losses will be in the next 2 quarters on top of this quarter, 3 quarter losses could be in the $90m+ range. Even if telecom spending picks up in the 2nd half of 2013 and Oclaro's new products pick up traction (and thats a big if), what state will be Oclaro's balance sheet be going forward. Looking at their balance sheet liabilites I don't see anyone merging with them.