Key Developments For Opnext, Inc.
Opnext, Inc. (OPXT.O) (Nasdaq)
Opnext, Inc. Issues Q3 2010 Revenue Guidance Below Analysts' Estimates
Opnext, Inc. announced that for third quarter 2010 it expects revenues to be between $75 million and $80 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $90 million for third quarter 2010.
Gardy & Notis, LLP And Milberg LLP Announce Proposed Settlement Of Securities Class Action Lawsuit Involving Opnext, Inc.
Gardy & Notis, LLP and Milberg LLP announce the proposed settlement of a securities class action lawsuit involving Opnext, Inc., common stock purchased or otherwise acquired between February 14, 2007 and February 13, 2008, inclusive (the Class). Pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that the above-captioned action has been certified as a class action and that a settlement for $2,000,000 has been proposed. A hearing will be held before the Honorable Joel A. Pisano at the United States District Court for the District of New Jersey, Clarkson S. Fisher Building & U.S. Courthouse and Post Office Building, 402 East State Street, Trenton, New Jersey 08608, at 10:00 a.m., on January 6, 2010, to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs` Counsel for attorneys` fees and reimbursement of expenses.
Opnext, Inc. Issues Q2 2010 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Opnext, Inc. announced that for the second quarter of 2010 it expects revenues to be in the range of $80-$90 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $88 million for the same period.
Opnext, Inc. Announces Dividend Distribution
Opnext, Inc. announced that the Board of Directors has declared a dividend distribution of one preferred stock purchase right on each outstanding share of common stock of Opnext.
Opnext, Inc. Announces Mr. Bouchard To Serve As CEO And President-Form 8-K
Opnext, Inc. reported in its Form 8-K that on May 15, 2009, Gilles Bouchard and the Company entered into an Amended and Restated Employment Agreement, effective as of such date, pursuant to which Mr. Bouchard will serve as the Chief Executive Officer and President of the Company.
