The Company designs, manufactures and markets optical components, modules and subsystems for the telecommunications industry, and also manufactures electronic components for the telecommunications, defense and aerospace industries.
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Fool UK
Recs
Closed and re-opened to more accurately reflect my actual start price for a longer term hold.
Actually in at $1.65.
Over bought to get my price down, then sold off the overage at a small profit this morning.
It will take a while, but I still like them for the longer term.
They have good products, but need to improve their marketing efforts.
JMO and worth exactly what I am charging for it.
This is why OCLR is up so much today.
Selling off a couple of non-core businesses (film) for $27M.
I liked them before, but this cash infusion helps to give them time and flexibility.
Here is a link to a PR Newswire article posted on Yahoo Finance.
http://finance.yahoo.com/news/oclaro-agrees-sell-thin-film-115500676.html