Lawyers Investigate Calix-Occam Deal

SAN DIEGO -- Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Occam Networks, Inc. ("Occam" or the "Company") (NASDAQ:OCNW) in connection with their efforts to sell Occam to Calix, Inc. ("Calix") (NYSE:CALX). If the transaction is completed, Occam shareholders will receive approximately $3.83 in cash and 0.2925 shares of Calix common stock for each share of Occam they hold, for an implied value of approximately $7.75 per share. The transaction is expected to be completed in the fourth quarter of 2010 or first quarter of 2011.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of Occam undertook a fair process to obtain fair consideration for all shareholders of Occam. Specifically, our investigation concerns whether the Company's Board of Directors breached their fiduciary duties to Occam shareholders by failing to adequately shop the Company before entering into the transaction with Calix. Notably, at least one analyst has set a price target for Occam of $8.00 per share. Further, Occam recently reported revenues of $23.8 million for the second quarter of 2010, a 13% increase over its revenues for the same period last year.

Robbins Umeda LLP

In a separate release:

DALLAS -- The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Occam Networks, Inc. (“Occam” or “Company”) (NASDAQ: OCNW) related to the proposed acquisition of the Company by Calix, Inc.

The agreement involves a transaction valued at approximately $171 million, under which the Company shareholders will receive $7.75 in cash for each share of OCNW common stock they hold. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of OCNW for approving this transaction, whether the consideration to be received by OCNW shareholders is fair, and whether OCNW’s Board of Directors acted in the shareholders’ best interests.

The Briscoe Law Firm PLLC