Why this matters
The rest of the optical sector has rallied while Opnext has lagged, and that could be what prompted the board to make a change. (These "resignations" are rarely voluntary.) In the past 12 months, Opnext shares are down 18 percent, while JDSU (Nasdaq: JDSU; Toronto: JDU) and Oclaro Inc. (Nasdaq: OCLR) are both up roughly 65 percent, and Leading Lights winner Finisar Corp. (Nasdaq: FNSR) is up 223 percent. (See LR Names 2010 Leading Lights Winners.)
Opnext shares are up 2 cents (1 percent) at $1.62 this morning.
Here's more about Opnext's recent fortunes, in reverse chronological order back to early 2009, when Bouchard was promoted to CEO from chief operating officer.
- Opnext Reports Q2
- Opnext Demos 40G, 100G
- Opnext, TeliaSonera Test 100G
- Cisco Renews Optical Focus With CoreOptics
- OFC/NFOEC: Mergers Haven't Gone Far Enough
- Opnext Makes Its 100G Move
- Opnext Dips on 40G Stagnation
- Mintera Nabs Nokia Siemens
- Opnext Adopts Poison Pill
- Opnext Changes CEOs, Starts Cutting
- Opnext Completes StrataLight Buy
And here's what we thought was our exit interview with Bosco, from 2009.
— Craig Matsumoto, West Coast Editor, Light Reading