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.
"We should use shock therapy to sober up the Americans. In this case, the Americans will speak about the need to resume dialogue. There is no other option"
The United States is concerned about the current crisis in the relations with Russia and suggests returning to reasonable policies to avoid a nuclear war