The investigation, on behalf of current long term investors in common stock of Finisar, is concerned whether certain former and current Finisar employees can be held liable in connection with the alleged Securities Laws violations.
The GaAs based solar cell manufacturer is planning to replace Denis Colbourne from its Board of Directors after his announcement of retirement. Two nominees have been since proposed; Christopher Grasset and Tristram Collins.
The firms will benefit equally from a jointly developed solar patent related to CdTe solar technology. Contracts between the companies relating to the joint development of CdTe solar technology are terminated without further obligation.
Revenue in the seasonally low March quarter was $325.4 million, above the Company's guidance range of $310 to $320 million, and up 37 % when compared to $238.1 million in the second fiscal quarter of 2010.
Although Alcatel-Lucent is still posting net losses, it has attributed improved results to a 40 % jump in North American Sales. Powerwaves' total Americas revenue was $54.3 million or approximately 40 % of revenue.
The new line of power amplifiers are optimised for use with SMPS, including DC/DC converters and envelope tracking. By pairing these 2 state mode power amplifiers with SMPS, designers are able to achieve industry-leading average current consumption.