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Additional Information
Market: NYSE
Sector: Telecommunications Equipment
EPIC: CALX
Latest Price: 10.79  (-6.74% Descending)
52-week High: 22.78
52-week Low: 5.62
Market Cap: 504.00M
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Calix
www.calix.com

Calix is a provider of communications access systems and software that enable communications service providers to connect to their residential and business subscribers.

Full Calix profile here
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Calix enhances access network capability through Occam Networks acquisition

16th Sep 2010, 3:39 pm
Calix enhances access network capability through Occam Networks acquisition

North and South America focused software and hardware communications specialist Calix, Inc (NYSE:CALX) is stepping up its broadband solutions capability to telecommunications companies through the acquisition of Occam Networks (NASDAQ:OCNW).


The cash and shares deal will see Calix pay US$7.75 per share for Occam Networks, or approximately US$171 million.


Occan Networks currently offers broadband access solutions to service providers to enhance their ability to generate revenues from voice, data and video services over copper and fiber networks.  Calix, Inc provides both software for copper and fiber based network architectures for telecommunications companies, but also proves a range of broadband communication access systems.


“The combined organization of Calix and Occam Networks is expected to provide communications service providers across North America, the Caribbean, Latin America, and select global markets with an enhanced portfolio of advanced broadband access systems, and accelerate innovation across the expanded Calix Unified Access portfolio,” Calix stated this morning.


“The acquisition is expected to result in more access options over both fiber and copper for communications service providers to deploy, which could expedite the proliferation of advanced broadband services to both residential and business subscribers, including such services as high-speed Internet, IPTV, VOIP, Ethernet business services, and other advanced broadband applications.”


Carl Russo, President and CEO of Calix went to note that the combined company would have better expertise in IP, Ethernet as well as fiber and copper access.


The acquisition is expected to complete in the fourth quarter of 2010 or first quarter of 2011 and will be accretive to Calix's non-GAAP earnings per share in the second quarter of 2011.


Shares in Calix fell 8% on the news, while Occam Networks surged 35%.

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