Avanex Corp. announces second-quarter outlook decrease, files complaint against 3S

Business
Avanex Corp. announces second-quarter outlook decrease, files complaint against 3S
Avanex Corp. announces second-quarter outlook decrease, files complaint against 3S

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.