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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (6705)	4/29/2009 9:14:12 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 20435

Timing is everything. Avanex and Bookham completed their merger on Monday and the combined entity has been named Oclaro. The Avanex shareholders each received 5.426 shares of Bookham, which closed Monday at $.56. The stock went up $.74 yesterday and closed at $1.30 (though it looks like it is going to give up some of those gains this morning). When the last contest closed, you had 42.105 shares of AVNX valued at $62.99. As of yesterday’s close, you would have had 228.46173 shares of OCLR valued at $297.00.