Uncertainty hangs over Finisar due to an ongoing review of potential errors in options grant dates. Because of the internal review, Finisar could not provide EPS results for the 10/31 quarter, nor guidance for the 1/31 quarter. Once this matter is resolved, it is possible that projected 2007 EPS could be determined to be as high as 0.20 to 0.25 per share. If that happens, the stock will be very cheap on an P/E basis. They have a strong patent portfolio, and are going to trial to try to get the award against Direct TV that has been referred to the apellate court.
$3.16 (02/05/07)
