OPNEXT INC (NASDAQ:OPXT), Down By 17.14% ($0.24) From $1.400 After BUYINS.NET Report Predicted Stock Would Go Down Due To Beari
May 3, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Thursday, April 19th 2012 stating that OPNEXT INC (NASDAQ:OPXT) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=opxt&id=266100
At the time this story was written, OPNEXT INC (NASDAQ:OPXT) is Down By $0.24 (17.14%) since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.
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OPNEXT INC (NASDAQ:OPXT) - Opnext, Inc., together with its subsidiaries, designs and manufactures optical subsystems, modules, and components for communication uses primarily in North America, Europe, Japan, and Asia Pacific. The companys optical communications components consist of transmitters and receivers that include a hermetically packaged compound semiconductor laser or photo detectors, which utilize internally fabricated lasers or photo detectors built from indium phosphide or gallium arsenide compound semiconductor materials systems. Its optical transceiver modules convert signals between electrical and optical for transmitting and receiving data over fiber optic networks, and provide the physical communications interface for data communications and telecommunications systems. The optical transceiver modules are used for client-side interfaces consisting of short distance dedicated fiber cables, as well as line-side interfaces, which include long distance transmission with shared fiber cable and amplification media. Opnexts subsystems provide 40Gbps or 100Gbps long-distance optical communications. The companys customers include companies that design and manufacture laser-based products, including medical and scientific systems, industrial bar code scanners, professional grade construction and surveying tools, gun sights and other security equipment, display and projection systems for mini-projectors and other projection applications, sensors for robotics and industrial automation, and printing engines for high-speed laser printers and plain paper copiers. Opnext, Inc. founded in 2000 and is headquartered in Fremont, California.
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