Earlier this month, Oclaro, Inc (OCLR) held a conference call to discuss its business going forward. Oclaro was formed by a merger of Bookham and Avanex in end-April. The company also updated on the integration of the merger. Management stated that the company is now a tier I company along with JDS Uniphase (JDSU), Opnext (OPXT) and Finisar (FNSR) in telecom, components and modules markets. The company aims at becoming a major force in the fiber optics industry. The integration of Bookham and Avanex is not experiencing any customer disruption and the company is on course to achieving operating synergies in the September quarter. The broad product set is aimed at metro and long haul markets.

Oclaro also announced a barter agreement with NewPort Corporation wherein the latter will acquire the NewFocus business of Oclaro's Advanced Photonics