All, I've been comparing OCPI and FNSR, these being the
only two metro optical plays that are still profitable.
If you plot the OCPI and FNSR stocks since the April 4
bottom you notice that FNSR has shot up much faster for
no obvious reason (well, maybe the cloud cast by OCPI's
conference call was reason enough).
siliconinvestor.com
A more fundamental comparison has led me conclude that
I like FNSR's customer list a lot. It is (in their 10K):
> EMC (EMC), Brocade (BRCD), Emulex (EMLX) and Alcatel
> (ALA) accounted for the majority of sales, representing
> 21%, 13%, 11% and 11%, respectively. Other important
> customers were Foundry Networks (FDRY) and Extreme
> Networks (EXTR), though each represented less than 10%
> of Finisar's business.
OCPI's customer list is much harder to identify, the best
I've got so far is a Hoover's capsule from before Cisco
became "insignificant":
> Customers include large networking equipment makers
> Cisco (34% of sales) and Alcatel (15%) and contract
> manufacturers Solectron and Flextronics.
Does anyone have a more complete list for OCPI?
On the other side, to argue against FNSR a moment, I
notice that they are emphasizing the older CWDM (coarse,
10 wavelengths) versus DWDM (dense, 80 wavelengths) and
their CEO says this is important because it can be made
for a tiny fraction of the cost (at 6:45 into this talk
vcall.com.
Do we believe this? |
