Pat,
Awhile back you posted:
"Uniphase, on the other hand, makes the chips and sells them to LaserTron."
beta.siliconinvestor.com
In lieu of the following report, do you see any impact on JDSU?
(By Globe Staff and Wires, 08/12/99)
Shares of Waltham-based Oak Industries Inc., which makes electrical components for telecommunications systems, fell 32 percent after the company said it expects third-quarter net income to fall short of analysts' estimates because a major customer stopped buying. Shares fell 13 1/4 to 27 3/4 in trading of 5.8 million, nearly 28 times the three-month daily average. The shares fell to 30 1/2 earlier in the session, prompting a halt in trading to let the company issue a statement.
Oak said it now expects net income in the range of 40 to 42 cents a share. It was expected to earn 49 to 52 cents, the average estimate of four analysts surveyed by First Call Corp.Oak blamed the shortfall on a loss of revenue in its Lasertron fiber-optics components division, based in Bedford. One of the unit's largest customers stopped taking deliveries of high-power pumps used to keep light signals from degrading as they move through miles of fiber-optic telephone networks.(Bloomberg)
boston.com
Could it be that Lasertron's customer stopped taking delivery, not because of decreased demand, but because it's ordering from elsewhere, such as JDSU. |
