Opnext to Supply Microvision with Red Laser Diodes for Mobile Pico Projectors

FREMONT, Calif.--(BUSINESS WIRE)--Opnext, Inc. (NASDAQ:OPXT - News), a global leader in the design and manufacturing of optical modules and components, today announced that the Company has begun shipping its red laser diodes to Microvision for its PicoP® laser projection technology. With this relationship, Opnext will supply red laser diodes for Microvision’s PicoP display engine. Potential applications for the PicoP technology include ultra-miniature displays for embedded or accessory applications for mobile phones, personal media players, laptops and future wearable display devices.Laser-based microprojectors have a unique combination of features that are optimal for mobile device users, including infinite focus, rich color, and high contrast and resolution. Opnext’s red laser family of diodes play an important role in this rapidly emerging mobile-display market by providing customers with a visually rich multimedia experience.“We are very proud that our red lasers developed for the pico projector market have been selected by Microvision, a true leader in the industry,” commented Gilles Bouchard, Opnext President and CEO. “This is a perfect example of how Opnext is driving new and exciting applications through innovation and partnership.”Alexander Tokman, Microvision CEO stated, “Opnext is a leader in high performance red laser diodes for projection a...
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Gardy & Notis, LLP and Milberg LLP announce the proposed settlement of a securities class action lawsuit involving Opnext, Inc. common stock purchased or otherwise acquired between February 14, 2007 and February 13, 2008, inclusive

In re Opnext, Inc. Securities Litigation, Case No. 08-CV-920-JAP-LHG, a summary notice has been issued as follows: Summary Notice of Pendency of Class Action, Proposed Settlement and Settlement Hearing To: all persons who purchased or otherwise acquired the common stock of Opnext, Inc. (“Opnext”) pursuant or traceable to Opnext’s February 14, 2007 Initial Public Offering during the time period between February 14, 2007 and February 13, 2008, inclusive (the “Class”).YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that the above-captioned action has been certified as a class action and that a settlement for $2,000,000 has been proposed. A hearing will be held before the Honorable Joel A. Pisano at the United States District Court for the District of New Jersey, Clarkson S. Fisher Building & U.S. Courthouse and Post Office Building, 402 East State Street, Trenton, New Jersey 08608, at 10:00 a.m., on January 6, 2010 to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs’ Counsel for attorneys’ fees and reimbursement of expenses.IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys’ Fees and Settlement Fairness Hearing and a Proof of Claim form, you may obtain copies of these documents by contacting the Claims Administrator:...
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Q2 2010 OPNEXT INC Earnings Release - After Market Close

Earnings Announcements for Monday, November 9CompanySymbolTimeConferenceCall4Kids EntertainmentKDEBefore Market OpenAbatixABIX.PKAfter Market CloseAbraxas PetroleumAXASAfter Market CloseListenACADIA PHARMACEUTICALS INCACADAfter Market CloseADVANCED BATTERY TECHNOLOG INCABATAfter Market CloseAdvanced PhotonixAPIAfter Market CloseListenAdvanta CorporationADVNATime Not SuppliedAdvocatAVCAAfter Market CloseListenAlbany Molecular ResearchAMRIBefore Market OpenAlesco Financial Inc.AFNAfter Market CloseAlexza Pharmaceuticals Inc.ALXAAfter Market CloseListenAlliance One International, Inc.AOIAfter Market CloseAllianz SEAZSEY.PK01:30 am ETListenALLION HEALTHCARE INCALLITime Not SuppliedALPHATEC HOLDINGS INCATECTime Not SuppliedAmerican CareSource Holdings, Inc.ANCIAfter Market CloseA...
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Opnext Reports Second Quarter Unaudited Operating Results

          Opnext, Inc. Unaudited Supplemental Earnings Reconciliation (in thousands, except per share data) Three Months Three Months Ended Six Months Ended Ended Sept. 30 Sept. 30 Sept. 30 Sept. 30 June 30 GAAP P&L 2009 2008 2009 2008 2009   ...
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Opnext, Inc. Q3 2009 Earnings Call Transcript

Opnext, Inc. (OPXT) Q3 2009 Earnings Call November 9, 2009 4:30 pm ET Executives Douglas Dean – Vice President Investor Relations Gilles Bouchard – President, Chief Executive Officer Robert Nobile – Chief Financial Officer Analysts Daniel Morris – Oppenheimer [John Zorrow – Borjing Capital] Paul Bonenfant – Morgan, Keegan & Company [Sven Enma – Thomas Weisel Partners] Todd Kaufman – Raymond James [Edward Savisky – ACI Research] Presentation Operator I would like to welcome everyone to the Opnext Incorporation second quarter earnings conference call. (Operator Instructions) I would now like to turn the conference over to Douglas Dean, Head of Investor Relations. Douglas Dean Good afternoon. Thank you for joining us today. I’m Doug Dean, Vice President of Investor Relations for Opnext. Today we will discuss our financial results for the second quarter ended September 30, 2009 and provide some commentary regarding our market conditions and business outlook. We’ll begin with remarks from Gilles Bouchard, President and Chief Executive Officer of Opnext along with Bob Nobile, our Chief Financial Officer, and then we’ll take your questions. As always in our prepared remarks and our responses to your questions we will rely on the Safe Harbor exemptions of the rules and regulations of the Securities Act and our Safe Harbor statements in the company’s filings with the SEC. And now let me introduce Gilles. Gilles Bouchard Good afternoon everyone. Let me start by saying that our performance was mixed this quarter. Our 10G module sales continue to rebound from the lows of our fiscal...
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OPNEXT INC Files SEC form 8-K, Results of Operations and Financial Condition

Show all filings for OPNEXT INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for OPNEXT INC 9-Nov-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intend...
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Opnext shares take a hit after 2Q results

NEW YORK (AP) -- Shares of Opnext Inc. took a hit Tuesday after the company posted a fiscal second-quarter loss as higher costs and charges outweighed a slight increase in revenue. The results missed Wall Street's expectations, and the company also gave a disappointing sales forecast for the current quarter because of a slowdown in an important business segment.Opnext, which makes fiber-optic communication network products, posted a net loss of $17.9 million, or 20 cents per share for the quarter, down from a profit of $1.2 million, or 2 cents per share, in the same period a year earlier.Excluding charges, the company lost 10 cents per share in the latest quarter, which ended Sept. 30.Analysts polled by Thomson Reuters had expected, on average, a loss of 7 cents per share.Jefferies analyst William Choi downgraded the company to "Underperform" from "Buy" and said he does not expect the company to return to profitability in 2010. He lowered his target price to $2 from $3.The company, Choi said, is a market leader in 40G optics -- used by communications companies to transport massive amounts of data -- but the technology is taking longer than expected to pick up demand. Opnext had said Monday it experienced a slowdown in its 40G U.S. backbone market segment, due in part to cautious spending by its customers due to the economic downturn.On Monday, Opnext posted sales of $81 million, up slightly from $80.2 million but below Wall Street's expectations of $86.7 million.For the current quarter, the company forecast sales between $75 million and $80 million. This is well below the $89 million that Morgan Keegan analyst Paul A. Bonenfant is expecting.Bonenfant kept a "Market Perform" rating on the company's shares. He noted that sales at StrataLight, which the company bought in 2008, declined 25 percent seq...
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Opnext downgraded by Jefferies & Co

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OPNEXT INC Financials

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