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AFOP Revises Forecast, Approves Stock Repurchase Program

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SUNNYVALE, Calif., Dec. 1, 2011 — Alliance Fiber Optic Products Inc. (AFOP) has revised its forecast for the fourth quarter of 2011, expecting its revenues to be below $11 million. Revenues for the third quarter of 2011 totaled $11.8 million, a 10.5 percent increase over the previous quarter. The reduction reflects lower order rates caused by a greater-than-expected slowdown of Asian and European customers and worsening effects on the market caused by the flooding in Thailand. AFOP supplies fiber optic components, subsystems and integrated modules for the optical network equipment market. It has manufacturing and...Read full article

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