Opnext Sets IPO Terms

Opnext Inc., an Eatontown, N.J.-based optical components maker, has set its proposed IPO terms to around 16.91 million common shares being offered at between $13 and $15 per share. It plans to trade on the Nasdaq under ticker symbol OPXT, with Goldman Sachs serving as lead underwriter. < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Hitachi is the company’s primary shareholder, while others include Clarity Partners and Cross-Atlantic Capital Partners. www.opnext.com< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />