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WIKI ANALYSIS
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
Fabrinet (FN) (NYSE:FN) is an optics and electronic manufacturing service provider for OEMs of products, such as optical communication components and modules. It offer services in process engineering, design, supply chain management, manufacturing, final assembly and test. Its customers include 4 of the top 6 largest optical communications components companies. Its customer base consists of Coherent, Inc., EMCORE Corporation, Finisar Corporation, Infinera Corporation, and others. [1]
Demand for optical communications components and modules depend on the development of optical communications infrastructure and carriers and enterprises expanding their network. According to research firm Ovum-RHK, annual sales for global optical communications components and modules market was $3.1 billion in 2009. It is expected to increase to $5.2 billion by 2014. The increase in carrier’s network expansion is from the high network use and rising demand for higher bandwidth capacity. [1]
The company's initial public offering of stock filed on the NYSE. The initial price offer range is $12-$14. The company plans to sell 8.5 million shares and raise $111 million. [1]
For the last nine months ended on 26 March 2010, the company had $348.3 million in total revenue, down 2.9% from $358.7 million in total revenue for the last nine months ended on 27 March 2009. [1]
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