This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Finisar Corporation's CEO Presents At The 2012 Citi Technology Conference (Transcript)

Eitan Gertel

Obviously the issues in Europe are slowing down the recovery. Our customers in Europe are not only European customers – they are worldwide companies who reside in Europe and export. So in some cases we see improvement from all OEMs in Europe but I am not sure if that output is going to Europe itself but definitely Europe is an overhead.


So we want to ask about geography. So I think the tough part with Finisar where your ship isn’t necessarily where you product get installed, so we’ll skip past that. But let’s talk about cash on the balance sheet. I think Finisar is really differentiated in the Optical industry in that you have a good balance sheet, you have nice healthy cash position, you actually generate some nice cash. So what are – can you rank order for us from your perspective, priorities of cash in terms of M&A, dividends, share buybacks or just status quo. Keep on generating cash and keep on putting it on the balance sheet.

Eitan Gertel

So, obviously we have a very healthy balance sheet. We just acquired a company called RED C, and even post acquired the company for cash. We actually have more than $220 million as ending last quarter on the balance sheet. We have not had a decision made to do dividend or share buybacks. We are a company that is built on growth; we always add in technology, we are investing a lot of R&D. Right now we are extending our production facilities, we are fully booked in China, we have to build another facility which we announced last quarter and that’s our Wu Shi facility. So the use of the cash for us is either to do acquisitions or basically to finance the company going forward.


Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs