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Bookham, Avanex Form Oclaro

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SAN JOSE, Calif., April 27 – Bookham Inc. and Avanex Corp. announced Monday that they have closed their merger. The newly combined company, Oclaro Inc., is now the fourth-largest provider of optical components and subsystems to the fiber optics market and one of the largest providers to the long-haul and metro markets.  Oclaro also announced a net loss of $13.3 million by Bookham Inc. for the third quarter of fiscal 2009, which ended March 28. The companies said they created Oclaro by combining the words “optical” and “clarity.” The company’s stock is now trading on the Nasdaq Global Market with the stock symbol...Read full article

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    Published: April 2009
    Glossary
    optical component
    One or more optical elements – typically cemented together - in an optical system that are treated as a single group; e.g., a beamsplitter, or a cemented doublet or triplet.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    wavelength
    Electromagnetic energy is transmitted in the form of a sinusoidal wave. The wavelength is the physical distance covered by one cycle of this wave; it is inversely proportional to frequency.
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