JDS Uniphase reported fiscal-third-quarter revenue that came in at $405.3 million or about 3% below consensus.
Optical-communications trends are mixed as 100G surges, legacy declines and other business are flat. Demand for 100G coherent line side components such as modulators, receivers and tunable modules were very strong for JDS Uniphase during the quarter. We believe this strength primarily came from Ciena (CIEN) and Infinera (INFN). Legacy products were down, however, with much of this due to Alcatel-Lucent (ALU) we believe - Michael Genovese, MKM Partners
Not sure if this is the inconsistency that GLW is referring to, but my understanding is that Infinera is doing the majority of their optical active and passive components in-house via PIC. What are they buying from JDSU to warrant being mentioned in the same sentence with Ciena ?
I believe that MKM Partners are referring to the "100g ramping in North America" that came from Infonetics Research Feb. 20, 2013 paper "Optical network market poised for growth in 2013." They did track those other companies you mentioned but only those three listed by MKM Partners were mentioned in IR's "Optical Market Highlights".
Why all the thumbs down on your post here Byron? Only reason I can think of not liking your post would be if you were short CIEN or INFN.
A couple of years ago Genovese blew a call prior to CIEN earnings when he thought they were struggling right after CIEN absorbed Nortel. My take on his problem then was that he was up on CIEN customers since he used to be an employee but he may not have had a handle on those Nortel customers, and it was this area that showed the greatest positive earnings. It's still possible the he (Genovese) could be off the mark again, but it is my opinion that he is better informed now and has learned from his mistake.