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Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (2236)	8/13/2008 7:38:28 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 2293

Avanex has completed a one-for-fifteen reverse split. The shares will be temporarily trading under the symbol AVNXD. The shares closed yesterday at $.67, the equivalent of $10.05 for the post-split shares. Avanex Effects Reverse Stock Split Tuesday August 12, 5:00 pm ET FREMONT, Calif.--(BUSINESS WIRE)--Avanex Corporation (NASDAQ:AVNX - News), a leader in telecommunication components that enable next-generation optical networks, today announced that the previously approved 15-for-1 reverse stock split of its common stock has been effected. Accordingly, as of 5 p.m., Eastern Daylight Time, on August 12, 2008, each fifteen shares of issued and outstanding Avanex common stock and equivalents has been converted into one share of common stock. The reverse stock split shall be reflected in the trading price of Avanex’s common stock at the opening of trading on August 13, 2008. Avanex stockholders will receive instructions from their broker or from Avanex's transfer agent, Computershare, containing the appropriate procedures for turning in their old share certificates for new, post-reverse-split share certificates. Fractional stockholdings will be paid out in cash based on the closing stock price on August 12, 2008. Further information on the reverse split can be found at the Investor Relations section of Avanex’s web-site at www.avanex.com under “Investor FAQs – Reverse Stock Split FAQs” or can be obtained by contacting Avanex. <snip> biz.yahoo.com