Tuesday, April 28, 2009

Bookham, Avanex Close Merger, Form Oclaro

Bookham announced Monday that it and Avanex Corp. have finalized their merger and adopted a new name. Bookham said the resulting combined company, Oclaro Inc., will be headquartered in San Jose and will be one of the largest suppliers of optical components, modules and subsystems to long-haul and metro telecommunications markets. Oclaro is a corporate portmanteau of sorts—Bookham explained that it was created from the words "optical" and "clarity" and is meant to convey the firm's focus on photonics innovation. Bookham added that Oclaro will immediately be available for trading on the NASDAQ Global Market under the stock symbol "OCLR."