Oclaro (OCLR) is selling its thin-film filter and interleaver optical component units for $27M...
Oclaro (OCLR) is selling its thin-film filter and interleaver optical component units for $27M in cash. II-VI (IIVI) will buy the latter business, and private Photop Technologies the former. Oclaro expects the deals to lower its Dec. quarter sales by about $2M. Though the optical component market in general has had a rough time, "passive" components such as filters and interleavers (as compared with "active" components such as amplifiers and lasers) have especially been subject to intense price/margin pressure.
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