Calix to Acquire Occam Networks

Calix, Inc. (NYSE: CALX) and Occam Networks, Inc. (NASDAQ: OCNW) today announced that the companies have entered into a definitive agreement for Calix to acquire Occam Networks in a stock and cash transaction valued at approximately $171 million, which is approximately $7.75 per outstanding share of Occam Networks stock.

Upon the completion of the acquisition, each outstanding share of Occam Networks common stock (other than those shares with respect to which appraisal rights are available, properly exercised and not withdrawn) will be converted into the right to receive (a) $3.8337 per share in cash, without interest plus (b) 0.2925 of a validly issued, fully paid and non-assessable share of Calix common stock. After the completion of the acquisition, former Occam Networks stockholders will own between 16.5 percent and 18.9 percent of the outstanding shares of Calix’s common stock based on the number of Calix shares outstanding as of September 15, 2010.

Published: 16 September 2010
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Finisar Corporation Announces Another Record Quarter

Fifth Consecutive Quarter of Double-Digit Growth Drives Record Revenues of $207.9 Million

Revenues Up 10.3% From Prior Quarter and 61.5% From Prior Year
Net Income From Continuing Operations Sets a New Record

Finisar Corporation (NASDAQ:FNSR), a global technology leader for subsystems and components for fiber optics communications, today announced financial results for its first quarter ended August 1, 2010. Total revenues and income from continuing operations for the quarter were new records for the Company.

COMMENTARY
"In our just completed first quarter, we reached our previous target financial model earlier than we had predicted," said Jerry Rawls, Finisar's executive Chairman of the Board.

Published: 03 September 2010
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Sycamore Networks, Inc. Reports Fourth Quarter and Fiscal Year 2010 Financial Results

Sycamore Networks, Inc. (NASDAQ: SCMR), today reported its results for the fourth quarter and fiscal year ended July 31, 2010. Revenue for the fourth quarter of fiscal 2010 was $22.2 million, compared with $17.2 million for the fourth quarter of fiscal 2009. Revenue for fiscal 2010 was $68.6 million compared to $67.4 million in fiscal 2009.

Net income for the fourth quarter of fiscal 2010, on a generally accepted accounting principles (“GAAP”) basis, was $0.5 million, or $0.02 per diluted share, compared with a GAAP net loss of $34.9 million, or $1.23 per share for the fourth quarter of fiscal 2009. Net loss for fiscal 2010, on a GAAP basis, was $14.8 million, or $0.52 per share, compared with a GAAP net loss of $53.6 million, or $1.89 per share for fiscal 2009.

Published: 02 September 2010
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ZST Digital Networks, Inc. Announces Second Quarter 2010 Results

ZST Digital Networks, Inc. (Nasdaq: ZSTN) (the "Company" or "ZST"), a major developer, manufacturer, and supplier of cable systems and commercial GPS products in China, today announced its financial results for the second quarter ended June 30, 2010.

Second Quarter 2010 Financial Highlights
-- Total revenue for the second quarter of 2010 was US$33.0 million, an increase of 39.6% compared to the second quarter of 2009.
-- Gross profit for the second quarter of 2010 was US$8.2 million, an increase of 130.8% compared to the second quarter of 2009. Gross profit margin for the second quarter of 2010 was 25.0% compared to 15.1% for the second quarter of 2009.

Published: 10 August 2010
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Blonder Tongue Reports Second Quarter & Six Month 2010 Results

-Blonder Tongue Laboratories, Inc. (NYSE Amex: “BDR”)

  • Q2 2010 sales: $8,266,000
  • Q2 2010 net earnings: $901,000
  • Six month 2010 sales: $13,860,000
  • Six month 2010 net earnings: $696,000

Blonder Tongue (NYSE Amex: “BDR”) today announced its sales and results of operations for the second quarter and six months ended June 30, 2010. Net sales for the second quarter 2010 were $8,266,000, compared to $6,257,000 for the second quarter 2009. Earnings from continuing operations for the second quarter 2010 were $901,000 or $0.15 per share, compared to a loss of $(396,000) or $(0.06) per share for the comparable period of 2009.

Published: 03 August 2010
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