Avanex to Pull Out of Livingston

FREMONT, Calif. -- Avanex Corporation (Nasdaq: AVNX), pioneer of intelligent optical solutions that enable next-generation optical networks, announced today that it plans to discontinue operations in Livingston, Scotland, UK, subject to the normal regulatory processes and consultations with the workforce.

Walter Alessandrini, Avanex Chairman and Chief Executive Officer, said today that the company is "investigating all of our options with regard to Livingston."

Avanex Corp.