Optical Component and Module Manufacturers Revenues Fell Fifty-Five Percent from Same Period Last Year to $340MM

Optical Component and Module Manufacturers had total revenues of $340MM for the quarter ended March 31, 2003, according to Velocity Industry Research and Consulting , an industry research and consulting firm. This represents a 55 % decline from the same period last year. The market will not see significant sequential growth in 2003 and overall the market will be down approximately 30-40% this year," said Erin Kielty, President and founder of Velocity.

Indianapolis, IN (PRWEB) June 18, 2003 -- Optical Component and Module Manufacturers had total revenues of $340MM for the quarter ended March 31, 2003, according to Velocity Industry Research and Consulting, an industry research and consulting firm. This represents a 55 % decline from the same period last year.

The market will not see significant sequential growth in 2003 and overall the market will be down approximately 30-40% this year," said Erin Kielty, President and founder of Velocity. I believe the market has reached a bottom. Towards the end of the year the market will begin to see signs of growth. However, the market will not return to 2000 levels anytime soon."

The manufacturers with the highest revenues for the quarter ended March 31, 2003 were JDS Uniphase, Agilent, Bookham, and Finisar. Bookham enters the top four with its acquisition of Nortel Optical Components.

The recently published Optical Components and Modules Global Market Share Report by Velocity estimates market shares for optical component and module manufacturers for 2000-2002 and for the quarter ended March 31, 2003. The report includes all communications related applications, such as telecom, datacom, and CATV. With the report, Velocity provides the additional service of providing updates for the remaining calendar quarters in 2003.

The Optical Components and Modules Global Market Share Report is available from Velocity for $1,200. More information on the report is available by contacting Velocity at info@velocityirc.com.

About Velocity Industry Research and Consulting

Velocity Industry Research and Consulting LLC specializes in industry research and consulting. Founded in January 2003, the company is focused on providing timely, accurate analyses to high-tech industry participants.

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