Having listened to every conference call and every roadshow webcast for the past 3 years, I deduce that what Alain Coulder said months ago about losing share to competition was "what we have been told is that customers will return to the normal runrates around and before the flood". This means that share was temporarily lost due to Oclaro's inability to fill orders and in 3rd quarter they will be at or near preflood revenue levels. Finisar's guidance suggests this to be true. When europe's crisis is solved, and I think we are close, spending will resume from AT&T and Oclaro along with Finisar should resume sequential revenue growth. Oclaro's common stock has the most to gain as it has been much more severely punished.
Jwells
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