fiber couplers; isolators; filters; polarization beam combiners; interleavers; and amplifiers. Most of these optical components are used internally in the manufacture of the company’s optical subsystems. It sells some of these components in the so-called merchant market to other subsystems manufacturers. The company also offers products used in building fiber-to-the-home/curb networks and for parallel optics applications, such as backplanes for switches and routers. It offers WSS and ROADM linecard products for wavelength management in DWDM telecommunication networks. These capabilities are made possible in part through the use of the company’s liquid crystal on silicon (LCoS), technology, similar to that used in miniature projectors. This technology provides a highly flexible WSS capable of operating on both 50 and 100 GHz International Telecommunications Union, grids, based on its patented Flexgrid technology. In addition, this LCoS-based architecture offers the capability for in-service upgrades of functionality and integration of additional system functionality, including route and select, drop and continues, channel monitoring, and channel contouring features. The company’s WSS and ROADM linecard product offering ranges from 1x2, 1x4 and 1x9 products up to higher output fiber port counts in its latest 1x23 and 2x1x20 products. Customers The company sells its products primarily to original equipment manufacturers (OEMs) of storage systems, networking equipment and telecommunication equipment, such as Alcatel-Lucent, Brocade, Ciena, Cisco Systems, Coriant, EMC, Ericsson, Fujitsu, Hewlett-Packard Company, Huawei, IBM, Juniper, Nokia, and QLogic, and to their contract manufacturers. The company’s revenues are principally derived from sales of optical subsystems and components to a base of distributors, end customers, and system integrators. Sales, Marketing and Technical Support For sales of optical subsystems and components, the company utilizes a direct sales force augmented by 4 world-wide distributors, 11 international distributors, 4 domestic distributors, 17 domestic manufacturers’ representatives and 3 international manufacturers’ representatives. Research and Development As of May 3, 2015, the company’s research and development expenses included $202.1 million. Intellectual Property The company owns approximately 2,150 issued U.S. and foreign patents, and has approximately 430 pending U.S. and foreign patent applications. Competition The company’s principal competitors for optical transceivers sold for data communication applications include Avago Technologies, JDS Uniphase, Oclaro, and Sumitomo. Its principal competitors for optical transceivers sold for telecommunication applications include JDS Uniphase (Lumentum), Oclaro, and Sumitomo. The company’s principal competitors for WSS ROADM products include CoAdna, JDS Uniphase (Lumentum), and Oplink. History Finisar Corporation was founded in 1987. The company was incorporated in California in 1987 and reincorporated in Delaware in 1999.
finisar corporation (FNSR:NASDAQ GS)
1389 Moffett Park Drive
Sunnyvale, CA 94089
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