Avanex Corp. announced decrease of its second-quarter outlook because of premature termination of an exclusive distribution agreement by France 's 3S Photonics.
The company said that it had filed an arbitration complaint against 3S Photonics
Now Avanex predicts revenue of $51 million to $53 million – about 5 millions dollars lower then earlier.
Avanex supplies components that increase the speed and capacity of fiber-optic communications networks.
Representatives of the Ministry for Foreign Affairs of the Russian Federation commented on the state of affairs in the Sea of Azov
Russian President Vladimir Putin said at the meeting of the Valdai Discussion Club that Russia will never initiate military actions, including with the use of nuclear weapons