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Oclaro acquires Xtellus

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CIOL Bureau
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SAN JOSE, USA: Oclaro Incorporated, based in San Jose, California, the United States, has bought Xtellus Incorporated.

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According to the terms of acquisition, Xtellus will get shares of the common stock of Oclaro Incorporated that amount to $33 million, a statement from Oclaro said. A part of this amount will be held in escrow for 18 months in order to support the indemnification obligations of Xtellus to Oclaro Incorporated.

With the acquisition of Xtellus, Oclaro Incorporated now possesses a complete family of wavelength selective switches (WSS). These wavelength selective switches are capable of powering reconfigurable optical add/drop multiplexer (ROADM) applications over the entire optical network, from the edge to the core, Oclaro said in the statement.

Oclaro Incorporated was formed through the merger of Avanex Corporation and Bookham Incorporated in April 2009.

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In the statement, Oclaro said that it expects revenues for its second fiscal quarter, ending January 2, 2010, to between $91 million and $93 million.

Revenues from Xtellus Incorporated, which will be included in the second quarter fiscal results of Oclaro, for the 16-day period between December 16, 2009, and January 2, 2010, are not expected to be “material,” according to Oclaro.

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