Oclaro to buy Xtellus
SAN JOSE, Calif. -- Oclaro Inc. has acquired Xtellus Inc. Under the terms, Xtellus will receive shares of common stock of Oclaro worth $33 million, a portion of which will be held in escrow for 18 months to support Xtellus' indemnification obligations to Oclaro.
Oclaro now has a complete family of wavelength selective switches (WSS) capable of powering reconfigurable optical add/drop multiplexer (ROADM) applications over the entire optical network, from the edge to the core.
In April, the company was formed via the merger of Bookham Inc. and Avanex Corp.
Xtellus develops both liquid crystal and MEMS, that will now enable Oclaro to deliver a complete family of scalable WSS to power ROADM applications across edge and core optical networks.
Oclaro now expects revenues for its second fiscal quarter ended Jan. 2, 2010 to be in a range from $91 million to $93 million. Revenues from Xtellus to be included in the second quarter fiscal results of Oclaro, for the sixteen day period between the Dec. 16, 2009 close date and January 2, 2010, are not expected to be material.
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