Question-and-Answer Session
Operator
Thank you sir. (Operator instructions) And our first question is from the line of John Harmon with Needham & Company. Please go-ahead.
John Harmon – Needham & Company
Hi, good afternoon and congratulations.
Jerry Turin
Thanks John.
John Harmon – Needham & Company
Okay. I'll ask a couple and then let us and turn it over. I guess, first of all Bookham dealt with the issue of competing with its customers before in making tunable lasers and transponders but in combining with Avanex the situation, you know, does get larger in the sense that you are putting the largest amplifier maker together with a leading maker of pump lasers, and then certainly you put the two transponder businesses together with the supply of tunable lasers and modulators. How are you going to deal with these issues in the future?
Alain Couder
I think we are going to be able to deal with that by delivering to our customer whether they are partner, competitor, or the other customer good service, and good quality and more innovation, you know. I lived in the past in you know, in the computer industry what has been called competition and has been – and is still broadly existing, and I think by helping each other with that technology in the end the customer benefits. We have discussed the merger with many of our partner and customer, and they think, and we think that we can have long-term partnership with mutual respect that I discussed before.
John Harmon – Needham & Company
Okay, thank you and to the extent you are able to answer this question, because it deals with a legal issue. I saw that Bookham settled the law suite with JDS Uniphase prior to the close of the acquisition, but I know that Avanex got a very broad amount of intellectual property from (inaudible), and then the transponder business that acquired. Was there anything on the IP that you are about to acquire that sort of made a difference in this lawsuit?
Alain Couder
We cannot disclose the details of the negotiation but independent of this lawsuit, we think it is a good settlement and give us at least, (inaudible) in such a way that we compete in the market and not on the cost, you know. I think the portfolio of the Oclaro is now standing IP portfolio and specifically in this downturn everybody is worried about this IP and that's one of the element of Oclaro that I forgot to mention. So thank you for your question.
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