Oclaro $OCLR recent price action has been extremely painful. Very weak execution sits squarely on Alain Couder's management team. Its not that they aren't capable, they are, its just I think Alain is getting old and soft and would benefit to bring in some younger talent to get things in shape. There isn't much time as losses will continue to erode the balance sheet. They have agreed to merge with Opnext because the Thailand floods have limited innovation and thus placed both companies behind competition thus reducing market share in the future. This was a necessary merger to the existence of the companies. Integration will be challenging, but with all that is at stake, will be done effectively.
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