Opnext now expects revenues for its fourth fiscal quarter ended March 31, 2011 will be approximately $95.3 million, as compared to the original guidance for the quarter of $97.0 million to $102.0 million. The company blamed the revenue shortfall on a ten-day interruption in its module manufacturing operations in Japan following the earthquake and tsunami on March 11, 2011.
Opnext said its module assembly facility in Totsuka, Japan suffered minor disruption as a result of the March 11 earthquake and, while shipments of subassemblies to contract manufacturers and shipments of finished goods to customers from inventory each resumed on March 18, 2011, production at this facility was not reinstated until March 21, 2011.
The company's chip production facility in Totsuka suffered minor damage which has been repaired and the company is in the process of recalibrating and verifying the proper operation of the equipment at this facility prior to restarting full production, which is expected to resume by the end of April 2011.
Opnext's industrial and commercial production facility located in Komoro, Japan was undamaged and production at this facility resumed shortly following the earthquake. The Komoro facility is also being used to process pre-existing wafers from the Totsuka chip production facility pending full restoration of the Totsuka facility.
Opnext also continues to work with its suppliers affected by the earthquake and tsunami and related subsequent events to address component availability and, in certain instances, the Company is exploring alternative sources of supply. In addition, Opnext continues to be impacted by the planned power outages in the Totsuka area and the company is in the process of installing backup power capability to permit continuous operation.http://www.opnext.com
voted 240 to 17 to pass a bill (H.J.RES.37) disapproving the rule submitted by the Federal Communications Commission with respect to regulating the Internet and Net Neutrality. 
a provider of satellite-based managed network services, has acquired ComSource, which provides independent testing services for telecom gear. The initial purchase price is $20.0 million, funded through $2.0 million of existing cash and $18.0 million through Globecomm's existing credit facility with Citibank. ComSource may receive up to $21.0 million of additional consideration, through a two-year earn-out, based on reaching certain earnings milestones.
Germany's largest cable operator with approximately 8.8 million connected households, is expanding its footprint of cities and neighborhoods where it offers 100 Mbps residential Internet service. The 100 Mbps connectivity is delivered over a DOCSIS 3.0 network.
