Oplink Communications Inc. announced that at its annual meeting of stockholders on November 4, 2009, Tim Christoffersen and Jesse Jack were elected to serve as Class III directors for three-year terms that expire at the 2012 annual meeting of stockholders. At a meeting of the Board of Directors held immediately following the annual stockholders meeting, Tim Christoffersen, a newly-elected member of the company's Board of Directors, was appointed Chairman of the Audit Committee of the Board, Joseph Liu, the Company's President and CEO, was appointed Chairman of the Board, and Chieh Chang, a member of the Board and Chairman of the Compensation Committee, was appointed Lead Independent Director. Mr. Leonard J. LeBlanc, who had been a member of the Board of Directors and Chairman of the Audit Committee since July 2000, and Chairman of the Board since 2006, chose not to stand for re-election at the annual meeting.

Oplink Communications Inc., Board Meeting, Nov 04, 2009 Agenda: To consider board and committee changes.

Oplink Communications Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the quarter, on a GAAP basis the company reported income from operations of $1,849,000, income from provision for income taxes of $2,247,000, net income of $1,809,000 or $0.09 basic and diluted per share on revenues of $33,565,000 against loss from operations of $3,877,000, loss from provision for income taxes of $2,956,000, net loss of $3,412,000 or $0.16 basic and diluted per share on revenues of $42,952,000 for the same period a year ago. On a non-GAAP basis, the company reported net income of $4,401,000 or $0.21 basic and diluted per share against net income of $3,174,000 or $0.15 basic and diluted per share for the same period a year ago. The company reported net cash provided by operating activities of $9,133,000 against $4,328,000 for the same period a year ago. The company provided earnings guidance for the second quarter ending December 31, 2009. For the quarter ending December 31, 2009, the company expects to report revenues between $31 million and $35 million and GAAP net income per diluted share of approximately $0.06 to $0.12. On a non-GAAP basis, excluding stock compensation, amortization of intangible assets and other non-cash or non-recurring charges, if any, the company expects earnings per diluted share for the quarter ending December 31, 2009 of approximately $0.18 to $0.24.