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

To: FJB who wrote (2276)	3/26/2012 5:41:44 PM
From: Glenn Petersen	Read Replies (2) \| Respond to of 2293

OCLR was essentially flat in AH trading. Upon the close of the transaction, Opnext shareholders will own approximately 42% of the combined company. The combined company is expected to achieve positive non-GAAP operating income in the first full quarter after the close and is expected to achieve annualized cost synergies of $35 million to $45 million within 18 months of the close of the transaction. The company expects restructuring and system integration costs to total $20 million to $30 million.