The Weight of InfineraThe Weight of Infinera
Optics needs a hit IPO
May 24, 2007
2:15 PM -- Could the Infinera IPO drag optical components down even further?
It's possible, if Infinera tanks. Wall Street tends to group companies in buckets, and a few sources around optical think Infinera -- which, yes, sells systems -- could color the thinking around optical component IPOs.
We already know MRV Communications Inc. (Nasdaq: MRVC) plans to spin off LuminentOIC Inc. as a public company. (See MRV Buys Fiberxon, Preps IPO.) And, like rookies in the minors, NeoPhotonics Corp. (NYSE: NPTN) and Santur Corp. are said to be waiting their turn at bat for IPOs.
But the optical sector hasn't done much to gain Wall Street's favor lately. Recent IPO filers, IPG Photonics Corp. (Nasdaq: IPGP), Optium Corp. (Nasdaq: OPTM), and Opnext Inc. (Nasdaq: OPXT), got off to good starts but have been gliding downward.
Table 1: Optical IPOs: Down to Earth
Oct. 26, 2006
Dec. 13, 2006
Feb. 16, 2007
Source: Company SEC filings, FinancialContent Inc.
It hasn't helped, either, that market king JDSU (Nasdaq: JDSU; Toronto: JDU) stumbled last quarter and might even want out of the business. (See JDSU Regresses in Q3 and JDSU May Be Mulling Optical Exit.)
Maybe I should stop being so gloomy and ask the question the optimistic way: Could a successful Infinera IPO lift the optical sector?
— Craig Matsumoto, West Coast Editor, Light Reading
About the Author(s)
You May Also Like
Study makes the case for spectrum sharingSep 21, 2023
Cisco drops $28 billion on Splunk acquisitionSep 21, 2023
Huawei to go after large scale enterprise AISep 21, 2023
Eurobites: Huawei rip-out cost us £500M, says BT's WatsonSep 21, 2023
SCTE® LiveLearning for Professionals Webinar™ Series: Going to 10G & BeyondJul 26, 2023
Cable Next-Gen Business Services Digital Symposium 2023Jul 26, 2023
Open RAN Evolution Digital Symposium Day 2Jul 26, 2023
SCTE® LiveLearning for Professionals Webinar™ Series: Priming the Pump for Next-Gen PONJul 26, 2023