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Bookham (MM)

Bookham (MM) (BKHM)

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*MARINE 1* *MARINE 1* 15 years ago
Yeah I see it


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puffyk puffyk 15 years ago
5 $41,000 buys in the last 1/2 hour, something big about to pop off
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*MARINE 1* *MARINE 1* 15 years ago
Watch out

On behalf of the board of directors of Bookham, Inc., a Delaware corporation, we are pleased to deliver this joint proxy statement/prospectus for the proposed merger combining Bookham and Avanex Corporation, a Delaware corporation. A special meeting of stockholders of Bookham will be held on , , 2009 at , local time, at the principal executive offices of Bookham located at 2584 Junction Avenue, San Jose, California 95134, for the following purposes:





2. To approve an amendment to Bookham’s restated certificate of incorporation to increase the number of authorized shares of Bookham common stock to 450,000,000 (on a pre-reverse stock split basis).









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*MARINE 1* *MARINE 1* 15 years ago
It's a shame their net loss for the year ended June 28, 2008 was $23.4 million though.




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*MARINE 1* *MARINE 1* 15 years ago
As of June 28, 2008, we held 249 U.S. patents and 69 non-U.S. patents, and we had approximately 147 patent
applications pending in various jurisdictions.



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*MARINE 1* *MARINE 1* 15 years ago
These people are in good shape imo

One of our strategic objectives has been to increase our telecom revenues from customers other than Nortel
Networks. Excluding revenues from Nortel Networks, our telecom segment revenues increased to $141.7 million in
the fiscal year ended June 28, 2008, from $114.0 million in the fiscal year ended June 30, 2007, and to $114.0 million
in the fiscal year ended June 30, 2007 from $85.0 million, in the fiscal year ended July 1, 2006.

Huawei Technologies Co., Ltd. accounted for 11% of our total revenue in the fiscal year ended June 28, 2008
and Cisco Systems, Inc., accounted for 12% of our revenue in the fiscal year ended June 30, 2007.
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*MARINE 1* *MARINE 1* 15 years ago
FYI
Since the acquisition of Nortel Networks Optical Components, or NNOC, in 2002, we have diversified our
revenue base by increasing our revenues from customers other than Nortel Networks, on both an absolute basis and
as a percentage of total revenues. This has been one of our key strategic objectives. For example, in our fiscal years
ended June 28, 2008, June 30, 2007 and July 1, 2006, our revenues from customers other than Nortel Networks were
$200.3 million, $162.9 million and $121.2 million of our total revenues, respectively, which represented increases
of 23% in 2008 compared to 2007 and 34% in 2007 compared to 2006.



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*MARINE 1* *MARINE 1* 15 years ago
http://ih.advfn.com/p.php?pid=nmona&cb=1235524083&article=36396764&symbol=N%5EBKHM




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*MARINE 1* *MARINE 1* 15 years ago
MM's are playing hard ball with bringing the bid up on me everytime I place a new one!!!!!!!!!!f^&$*^*^ crooks!!!



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*MARINE 1* *MARINE 1* 15 years ago
Bookham and Avanex to Hold Joint Presentation at the Thomas Weisel Partners Technology and Telecom Conference
Date : 02/10/2009 @ 1:00PM
Source : PR Newswire
Stock : Bookham (MM) (BKHM)
Quote : 0.3205 -0.0295 (-8.43%) @ 4:16PM


Bookham and Avanex to Hold Joint Presentation at the Thomas Weisel Partners Technology and Telecom Conference





SAN JOSE, Calif. and FREMONT, Calif., Feb. 10 /PRNewswire-FirstCall/ -- Bookham, Inc., (NASDAQ:BKHM), and Avanex Corporation (NASDAQ:AVNX), today announced that Alain Couder and Giovanni Barbarossa, the CEOs from Bookham and Avanex respectively, will hold a joint presentation at the Thomas Weisel Partners Technology and Telecom Conference on Wednesday, February 11, 2009 at 8:35 a.m. Pacific Time.

Event: Thomas Weisel Partners Technology and Telecom Conference Date: Wednesday, February 11, 2009 Time: 8:35 a.m. Pacific Time Location: Fairmont Hotel -- San Francisco Webcast: Investor section of each Company's website

About Bookham

Bookham, Inc. is a leading provider of high performance optical products, spanning from components to advanced subsystems. The company designs and manufactures a broad range of solutions tailored for the telecommunications optical infrastructure and other selected markets, including industrial, life sciences, semiconductor, and scientific. The Company utilizes proprietary core technologies and a vertically integrated manufacturing organization to provide its customers with cost-effective and innovative devices, as well as flexible, scalable product delivery. Bookham is a global company, headquartered in San Jose, Calif., with leading edge chip fabrication facilities in the U.K. and Switzerland, and manufacturing sites in the USA and China.

Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.

About Avanex

Avanex Corporation is a leading global provider of Intelligent Photonic Solutions(TM) to meet the needs of fiber optic communications networks for greater capacity, longer distance transmissions, improved connectivity, higher speeds and lower costs. These solutions enable or enhance optical wavelength multiplexing, dispersion compensation, switching and routing, transmission, amplification, and include network-managed subsystems. Avanex Corporation was incorporated in 1997 and is headquartered in Fremont, California. Avanex Corporation also maintains facilities in Horseheads, New York; Shanghai, China; Villebon Sur Yvette, France; San Donato, Italy; and Bangkok, Thailand.

DATASOURCE: Bookham, Inc.


CONTACT: Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400,

, for Bookham, Inc.; or Jerry Turin, Chief Financial Officer of

Bookham, Inc., +1-408-383-1400, ; or Mark Weinswig, Interim

Chief Financial Officer of Avanex, +1-510-897-4188,


Web site: http://www.bookham.com/

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*MARINE 1* *MARINE 1* 15 years ago
bkhm $0.3539 up 0.004


A little further please




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koda02 koda02 15 years ago
Thanks, Although I Got scared yesterday and sold, will be watching it, theres just not enough volume IMO
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*MARINE 1* *MARINE 1* 15 years ago
Best of luck



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koda02 koda02 15 years ago
OPPS! Sorry I missed it. I think the problem is the price of AVNX right now. The share exchange had the price of BKHM at .40 which values AVNX at 2.17. So I believe when AVNX moves up so will BKHM.
Once they merge, I believe this price is going to seem cheap. I am in at .35 right now. I just have a small position and I'm going to hold it, and maybe add a few more.
I had AVNX and sold when it ran, keeping my eye on it, I might get back in on a dip.

Kathy
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*MARINE 1* *MARINE 1* 15 years ago
Yeah I posted the same article, sounds good.

Waiting for it to drop some more so I can grab it while its cheap. Didn't like the way it was moving yesterday so I took my shares out..... gotta regroup imo

GLTY
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koda02 koda02 15 years ago
Take a look at this news.., I don't think anyone even noticed it. BKHM and AVNX are going to do very well IMO!

Bookham Launches New 'Green' VCSEL for Computer Mouse Market
7:31a ET January 28, 2009 (PR NewsWire)
Bookham, Inc. (Nasdaq: BKHM) has launched a new 'green' VCSEL that features the patented Bookham wide oxide aperture design and boasts less than 5mW power consumption - 50 percent less than previous offerings. The VCSEL is targeted at the optical computer mouse market, as well as other consumer, battery powered applications where power consumption is an important factor in product design.

The singlemode 850nm VCSEL (vertical cavity surface emitting laser) is polarization stable, and retains the reliability, robustness and resistance to ESD (electro-static discharge) of previous, higher power consumption devices. The VCSEL is available in a standard TO package interface.

Bookham has now shipped in excess of 13 million polarization stable VCSELs. In January 2008, the company announced the transition of VCSEL manufacturing to its High Power Laser facility in Zurich, Switzerland, to meet increasing volume demand from consumer applications.

"Power consumption is a major consideration for designers of any product that is battery powered, including mobile handsets, mobile sensing devices and, of course, optical navigation systems including computer mice, where we are seeing huge demand for high performance, polarization stable VCSELs," said Karlheinz Gulden, Director VCSEL Business at Bookham. "Through optimization of the laser design, we have successfully reduced power consumption by over 50 percent and retained all the reliability and stability performance benefits of our unique, patented wide oxide aperture design that has been shipping for more than eight years.

"Our state-of-the-art manufacturing facility allows us to meet volume demand for VCSELs for optical engines in a wide variety of markets, and we continue to exploit our technical and commercial advantage in this space."
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*MARINE 1* *MARINE 1* 15 years ago
Alright Bookham lets set up for next week!!!!
Take her down a little so I can load some more




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*MARINE 1* *MARINE 1* 15 years ago
Hit .40



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*MARINE 1* *MARINE 1* 15 years ago
Keep your eyes open for these two little guys!!

28 January 2009

Bookham and Avanex agree to merge
After years of speculation, optical component, module and subsystem makers Bookham Inc of San Jose, CA and Avanex Corp of Fremont, CA have agreed to merge in an all-stock transaction (subject to the approval of both firms’ shareholders).

Avanex shareholders will receive 5.426 shares of Bookham common stock for every share of Avanex common stock, valuing Avanex at $35.4m ($2.17 per share), a 67% premium over yesterday’s closing price of $1.30. Upon the transaction closing (expected within 3-6 months, when a new name will be adopted), Avanex shareholders will own about 46.75% of the combined firm and Bookham 53.25%. In the interim, both firms will continue to operate their businesses independently.

President & CEO of the combined firm will be Bookham’s president & CEO Alain Couder. He will be joined on the board of directors by three directors from Bookham’s board (Edward Collins, Lori Holland and Bernard Couillaud, who will be chairman), as well as Avanex's president & CEO Giovanni Barbarossa (who remains in a consulting capacity to assist with the merger) plus two directors from Avanex’s board (Greg Dougherty and Joel Smith). Other executives include Jim Haynes as chief operating officer COO; Jerry Turin as chief financial officer; Richard Smart and Adrian Meldrum as general managers of two Telecom business units; Yves Lemaitre as general manager of the Non-Telecom business unit; and Scott Parker as VP of sales.

Integration is expected to take 6-9 months. It is not expect that any manufacturing sites will be closed (although the merged firm will re-evaluate its assessment on a regular basis). Bookham has chip fabrication facilities in the UK and Switzerland (Zurich), as well as manufacturing sites in the USA and China. Avanex has facilities in Horseheads, NY; Shanghai, China; Villebon Sur Yvette, France; San Donato, Italy; and Bangkok, Thailand.

In addition to having solid, long-standing, strategic relationships with the top 15 optical OEMs, the new firm reckons that it will have one of the industry’s broadest portfolios of optical products for long-haul and metro, covering both the line (amplifiers, pumps and passives) and terminal (transmit, receive, transponders) areas, as well as having vertical integration from chips to components, transponders and subsystems.

Bookham brings primarily chip and component expertise and tunable products. Avanex primarily brings leadership in modules such as controlled amplifiers and integrated subsystems. There is overlap in optical amplifiers, subsystems and optical modulators so, over time, the aim is to rationalize the benefits and best parts of both organizations.

On the optical amplifiers side, the new firm will have access to internal pumps and passives as well as a broad customer base. On the transmit side, it reckons that it will have the internal technology and key differentiated technology required to grow transponder business and take advantage of the large addressable market at 10G and the growing market at 40G.

Key strengths of the new firm include:

what is claimed to be best-in-class telecom chips based on indium phosphide, lithium niobate and gallium arsenide;
being well positioned for 40Gb/s and reconfigurable networks;
leveraging new opportunities quickly within an expanded customer base;
the resources to enable leading R&D investment in key product lines (focusing spending rather than spreading it more thinly by pursuing the same opportunities as standalone firms);
the ability to leverage a mixed-model manufacturing strategy of both in-house and outsourced capacity, with decisions based on how best to achieve flexibility, efficiency and the lowest cost to maximize gross margin (Bookham has previously shifted much manufacturing from San Jose to its plant in Shenzhen, China, while Avanex has outsourced its manufacturing, largely to subcontractor Fabrinet Co Ltd).
The firms reckon that the merger will take advantage of the merits of both business models. In-feed of components from Bookham into Avanex amplifiers and subsystems should improve gross margins and cost points, further improving vertical integration.

“The combination of Bookham and Avanex creates synergies that we expect will significantly improve financial performance faster than either of the two companies could accomplish on a stand-alone basis,” says Couder. “There is minimal product overlap between our businesses, allowing us to quickly expand sales opportunities and improve service to our customers. In addition, both companies have strong technology platforms and the best engineering teams that we expect will allow us to drive innovation and expansion for both existing and new growth areas,” he adds.

“The significant financial and technological advantages to combining the two companies will benefit our customers, employees, and shareholders,” says Barbarossa. “We expect that the combination of Avanex’s next-generation subsystem design and integration capabilities, enhanced with additional internal content from Bookham, will deliver end-to-end product offerings at competitive prices.”

The combined firm is expected to be adjusted EBITDA accretive (compared to the Bookham standalone results) in its first full quarter. Synergies such as a combined sales organization and single public company costs should generate $7m of quarterly cost savings by the end of the fourth full quarter ($28m annualized). Merger-related restructuring costs are expected to be less than $7m (mostly in the first year, with most work done in the first six months and costs to be covered by synergies over the same timescale). The new firm should have a stronger balance sheet, benefiting from combined cash balances and no outstanding debt.

In the year to September 2008, Bookham and Avanex respectively reported gross margins of 24% and 28%, SG&A (selling, general and administration) expenses of 17% and 18%, and non-GAAP operating margins of -5% and -2%. The target operating model for the combined firm is for gross margin of 31%, SG&A expenses of 12%, and non-GAAP operating margin of +7% for its fourth full quarter and 35%, 12% and +10%, respectively, long term.

Both firms separately have been reaching critical mass to invest competitively in each key product line, and it would have been difficult for either alone to maintain the required level. The intention for the merged firm is for R&D spending to ultimately be 13% of revenue (perhaps exceeding any other competitor, according to Couder), which is a level that is thought to be necessary to be a leader in the industry.

The new firm’s main competitor will be JDSU, while Finisar, Sumitomo, Opnext and Emcore will compete in selected market segments. Last August’s merger of Finisar and Optium created a direct competitor to JDSU, while Opnext’s acquisition of StrataLight (completed earlier this month) pushed Bookham and Avanex to fourth and fifth largest optical communications component firms (by revenue). This was despite Avanex previously Essex Corp’s Commercial Communication Products Division (CCPD) in 2007, and Bookham acquiring optical components businesses of Nortel Networks and Marconi in 2002, Ignis Optics Inc, Cierra Photonics Inc, New Focus Inc in 2004, and Onetta Inc and VCSEL maker Avalon Photonics in 2006. The combined firm will be back on a par with Opnext as third largest. In particular, while Bookham and Avanex separately have lacked scale, together they reckon they will represent arguably the largest player within the metro and long-haul sector.

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gmbm123 gmbm123 15 years ago
so you think we're lookin at a nice bounce tomorrow? second half of today looked promising. what do you think the potential is here?
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*MARINE 1* *MARINE 1* 15 years ago
Slow fills at .36!!!!!!



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*MARINE 1* *MARINE 1* 15 years ago
On January 27, 2009, Bookham, Inc. (“Bookham”) and Avanex Corporation (“Avanex”) issued a joint press release announcing that they have entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), pursuant to which Bookham and Avanex will combine their businesses through a merger of a newly formed, wholly owned subsidiary of Bookham with and into Avanex.


A copy of the joint press release of Bookham and Avanex announcing the execution of the Merger Agreement is included herein as Exhibit 99.2 and is incorporated herein by reference.
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*MARINE 1* *MARINE 1* 15 years ago
Bookham Launches New 'Green' VCSEL for Computer Mouse Market
Wednesday January 28, 7:31 am ET


SAN JOSE, Calif., Jan. 28 /PRNewswire-FirstCall/ -- Bookham, Inc. (Nasdaq: BKHM - News) has launched a new 'green' VCSEL that features the patented Bookham wide oxide aperture design and boasts less than 5mW power consumption - 50 percent less than previous offerings. The VCSEL is targeted at the optical computer mouse market, as well as other consumer, battery powered applications where power consumption is an important factor in product design.
ADVERTISEMENT


The singlemode 850nm VCSEL (vertical cavity surface emitting laser) is polarization stable, and retains the reliability, robustness and resistance to ESD (electro-static discharge) of previous, higher power consumption devices. The VCSEL is available in a standard TO package interface.

Bookham has now shipped in excess of 13 million polarization stable VCSELs. In January 2008, the company announced the transition of VCSEL manufacturing to its High Power Laser facility in Zurich, Switzerland, to meet increasing volume demand from consumer applications.

"Power consumption is a major consideration for designers of any product that is battery powered, including mobile handsets, mobile sensing devices and, of course, optical navigation systems including computer mice, where we are seeing huge demand for high performance, polarization stable VCSELs," said Karlheinz Gulden, Director VCSEL Business at Bookham. "Through optimization of the laser design, we have successfully reduced power consumption by over 50 percent and retained all the reliability and stability performance benefits of our unique, patented wide oxide aperture design that has been shipping for more than eight years.

"Our state-of-the-art manufacturing facility allows us to meet volume demand for VCSELs for optical engines in a wide variety of markets, and we continue to exploit our technical and commercial advantage in this space."

Notes to editors


Photonics West is taking place at the San Jose Convention Center, San Jose, California, 24-29 January, 2009. For further information, visit http://spie.org/photonics-west.xml
Bookham will be exhibiting at the Photonics West exhibition, 27-29 January, at booth #1515
To arrange an interview with representatives of Bookham before or during the show, please contact Howard Jones on howard@bcspr.co.uk or +44 7980 772 285
About Bookham

Bookham is a leading manufacturer and independent, vertically integrated supplier of high performance, high reliability industrial laser diodes across many markets, including industrial, medical, display, analytical, printing, aerospace and defense.

The company boasts two decades of experience as a leader in laser diode development, continued investment in technology and customer support, and offers scalability for cost efficient, high volume production through the use of advanced automated manufacturing processes in its state of the art facility in Zurich.

Bookham was the first company to offer 120W 9xxnm diode bars and is a leader in the market for single emitter pigtailed laser modules for fiber laser pumping. The company's diversified high power laser diode offering ranges from 10W pigtailed multimode modules to 120W bars and 2.4kW fast axis collimated stacks.

More information on Bookham, Inc. is available at www.bookham.com

Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.


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*MARINE 1* *MARINE 1* 15 years ago
Should be interesting to see how this little guy does in the future.




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*MARINE 1* *MARINE 1* 15 years ago
http://www.bookham.com/
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*MARINE 1* *MARINE 1* 15 years ago
http://www.irpage.net/bkhm/index.html
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*MARINE 1* *MARINE 1* 15 years ago
http://www.irpage.net/bkhm/secfilings.html




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Prince_among_thieves Prince_among_thieves 16 years ago
adds accumulates, why is it im always first to the party?
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Prince_among_thieves Prince_among_thieves 16 years ago
nice Q, now that the stock should move in a big way back to try to test 3.40 going forward, net revenues are up and the big thing is that revenues from customers other then nortel are up 20%.


very good growth and think it will only get better going forward.

Technicals.
The chart is gearing up for a reversal off the bottom, now the q is out and bottom in look forward to seeing this over 3 in short term, then from there will wait for more progress in coming qs.


http://biz.yahoo.com/e/080206/bkhm10-q.html




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Prince_among_thieves Prince_among_thieves 16 years ago

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Prince_among_thieves Prince_among_thieves 16 years ago
hey looks very promising here, opportunity knocks
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surf1944 surf1944 16 years ago
Bookham to Enter Biomedical Illumination Market
Monday January 14, 4:32 pm ET
Proven filter technology to underpin compact LED multiplexing module

SANTA ROSA, Calif., Jan. 14 /PRNewswire-FirstCall/ -- Bookham, Inc. (Nasdaq: BKHM - News), a leading provider of optical components for industrial applications, is to enter the biomedical market with its ZoroLight(TM) LED multiplexing technology. The compact LED combining module, which utilizes proprietary Bookham filter technology, is designed for bio-analytical applications and medical instrumentation. The ZoroLight LED module will be on show at the Bookham booth (#8636) at the BiOS exhibition, taking place 19-20 January at the San Jose Convention Center.

http://biz.yahoo.com/prnews/080114/aqm140.html?.v=31
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surf1944 surf1944 17 years ago

Bookham Plans Fullband 10G Long Reach Tunable Pluggable Transceiver

BERLIN, Sept. 17 /PRNewswire-FirstCall/ -- Bookham, Inc. (Nasdaq: BKHM), a leading provider of optical components, modules and subsystems, announced today at ECOC 2007 that it is developing a fullband, 10Gbit/s, long reach, tunable pluggable transceiver.

The new product, set for commercial availability in the first half of 2008, will combine the company's leading indium phosphide (InP) DS-DBR tunable laser and Mach-Zehnder modulator with a high performance APD receiver in a pluggable Super X2 format. The product will offer all of the existing benefits of tunability combined with the 'pay as you grow' convenience of a hot pluggable module.

'The industry has long recognised the advantages of tunable technology and the flexibility of front panel pluggable modules; this new product will combine both benefits,' said Jon White, product line manager, InP MZ and tunable portfolio, at Bookham. 'Bookham is using its vertical integration and manufacturing excellence to provide tunable, pluggable functionality using tried and tested technology.

'Our ownership of the core InP chip technology and our heritage in MZ modulators, monolithic tunable lasers and pluggable optics means that we are well positioned to make the tunable pluggable ideal a workable, reliable reality. We are also working towards next generation tunable TOSA components that will enable further size reduction.'

Products from the Bookham tunable portfolio, including the Bookham Tunable Transmitter Assembly (TTA) and the Tunable Small Form Factor transponder (TSFF), are on display at the Bookham stand (number 17049) throughout the show.

The company's leading pluggable module, the DWDM SFP transceiver, will also be featured. Available with nominal optical output powers of +3dBm and +6dBm, 100GHz channel spacing and C- and L-band wavelengths, the DWDM SFP transceiver provides equipment vendors with the ability to support SONET/SDH, Ethernet and Fibre Channel with one product. The MSA compliant module is capable of transmitting at rates from 155Mb/s to 4.25Gb/s, enables an uncompensated link length of up to 180km for STM-16/OC-48/OTN-1 and provides 80km reach at 4G Fibre Channel rates.

During ECOC, Bookham Chief Engineer Robert Keys will take part in the Market Focus Seminars, presenting on the emergence of electro-optic devices to drive network capacity growth. The presentation will take place on Tuesday, September 18th at 12:00 in the Market Focus arena on the exhibition floor.

Bookham, Inc. (Nasdaq: BKHM) is a global leader in the design, manufacture and marketing of optical components, modules and subsystems. The company's optical components, modules and subsystems are used in various applications and industries, including telecommunications, data communications, aerospace, industrial and military. Since 2002, the company has acquired the optical components businesses from Nortel Networks and Marconi, as well as Ignis Optics, Inc., the business of Cierra Photonics Inc., New Focus, Inc., and Onetta, Inc. The company has manufacturing facilities in the UK, US, Canada, China and Switzerland; and offices in the US, UK, Canada, France and Italy and employs approximately 2000 people worldwide.

More information on Bookham, Inc. is available at http://www.bookham.com

Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.

SOURCE Bookham, Inc.

Source: PR Newswire (September 17, 2007 - 4:00 AM EST)

News by QuoteMedia
www.quotemedia.com
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surf1944 surf1944 17 years ago
Bookham Files $200 Million Universal Shelf Registration Statement

SAN JOSE, Calif., Aug. 24 /PRNewswire-FirstCall/ -- Bookham, Inc. (Nasdaq: BKHM), today announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission (SEC). Upon being declared effective by the SEC, the universal shelf registration statement will allow the Company to sell up to a value of $200 million of common stock, debt securities, preferred stock, warrants to purchase common stock, preferred stock or debt securities, or any combination thereof from time to time in one or more offerings. The terms of any offering will be established at the time of sale and will be described in a prospectus supplement that Bookham will file with the SEC.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offers, solicitation of offers to buy or sales of securities will only be made pursuant to the registration statement filed with and declared effective by the SEC, including the prospectus and related prospectus supplement.

The registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers or orders to buy be accepted prior to the time the registration statement has been declared effective.

This press release contains forward-looking statements, including statements about the ability of Bookham to offer and sell securities pursuant to a registration statement. Such statements are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to in such statements, including, but not limited to, the effectiveness of the registration statement. The forward- looking statements contained herein represent the judgment of Bookham as of the date of this release. Bookham disclaims any obligation to update any forward-looking statement.
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surf1944 surf1944 17 years ago

Bookham Announces Fourth Quarter and Fiscal Year 2007 Financial Results

SAN JOSE, Calif., Aug. 2 /PRNewswire-FirstCall/ -- Bookham, Inc. (Nasdaq: BKHM), a leading provider of optical components, modules and subsystems, today announced financial results for its fourth quarter and fiscal year ended June 30, 2007.

Revenue for the fourth quarter of fiscal 2007 was $45.1 million, compared with $45.0 million in the third quarter of fiscal 2007 and $55.0 million in the fourth quarter of fiscal 2006. Sales to Nortel and Huawei each accounted for greater than 10 percent of total fourth quarter revenue.

Under generally accepted accounting principles (GAAP), gross margin in the fourth quarter of fiscal 2007 was 16 percent compared with a GAAP gross margin of 10 percent in the third quarter of fiscal 2007 and 9 percent in the fourth quarter of fiscal 2006.

Fourth quarter fiscal 2007 GAAP net loss was $13.6 million, or a net loss of $0.17 per share. This compares with a GAAP net loss of $24.3 million, or $0.35 per share, in the third quarter of fiscal 2007 and a GAAP net loss of $27.0 million, or $0.47 per share, in the fourth quarter of fiscal 2006.

Bookham provides certain supplemental non-GAAP financial measures, including non-GAAP net loss excluding non-cash stock and option-based compensation, charges such as impairment and restructuring, litigation settlement/recovery, early debt extinguishment, and acquired in-process research and development, along with a measure of Adjusted EBITDA, that also excludes these charges, plus the impact of taxes, net interest income/expense, depreciation and amortization, and net foreign currency translation gain/loss, to provide investors with the opportunity to use the same financial metrics as management to evaluate the Company's performance. Bookham also believes these non-GAAP measures enhance the comparability and transparency of results for the period. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

Fourth quarter fiscal 2007 non-GAAP net loss, which excludes non-cash stock and option-based compensation of $1.2 million, was $10.8 million, or a net loss of $0.13 per share. This compares with a non-GAAP net loss of $18.7 million, or a net loss of $0.27 per share in the third quarter of fiscal 2007, and a non-GAAP net loss of $20.9 million, or a net loss of $0.37 per share in the fourth quarter of fiscal 2006. A reconciliation table of GAAP to non-GAAP measures is included in the financial tables section of this release and further discussion of these measures is also included later in this release.

Adjusted EBITDA in the fourth quarter of fiscal 2007, including a $2.3 million gain on sale of surplus operating assets, was negative $6.0 million. This compares with an Adjusted EBITDA of negative $14.1 million in the third quarter of fiscal 2007 and negative $13.4 million in the fourth quarter of fiscal 2006.

Cash, cash equivalents and restricted cash at the end of the fourth quarter of fiscal 2007 were $42.7 million, compared with $61.7 million at the end of the third quarter of fiscal 2007.

'In the fourth quarter, we made progress in lowering our overall cost structure, and as a result we have shown improvement in both our gross margin and Adjusted EBITDA. On the revenue side, we saw growth in several legacy products, particularly fixed wavelength 10Gb/s transmitters and receivers. Revenue from our tunable laser products was also up 60% from the previous quarter and is continuing to increase,' said Dr. Peter Bordui, chairman of the board and interim president and CEO of Bookham. 'In product development, we made progress in getting our small form factor tunable transponder and 980nm submarine pump laser ready for market. We expect both products will positively impact revenue in the second half of the calendar year.'

'Three weeks ago we announced that Alain Couder will join Bookham as President and CEO, effective August 13. We believe that with his extensive international executive experience and strong operations background, Alain will be able to lead the Company in achieving sustained profitability, revenue growth, and improved shareholder value,' said Dr. Bordui.

Fiscal 2007 Financial Results

Net revenue for fiscal 2007 was $202.8 million, compared with $231.6 million in fiscal 2006. GAAP net loss for fiscal 2007 was $82.2 million, or a net loss of $1.17 per share. This compares with a GAAP net loss of $87.5 million, or a net loss of $1.87 per share in fiscal 2006.

Outlook and Guidance

'We are optimistic for the second half of the calendar year,' said Dr. Bordui. 'We continue to execute on our cost reduction plans, which should further improve our overhead structure. At the same time, we are moving beyond the inventory reduction programs at several of our key customers that hurt our revenue in the first half of this calendar year. Through sales of both new and legacy products, we're currently expecting increased revenue from our three largest customers along with continued penetration into several other tier-one accounts. Overall, we expect this will translate into continued improvements in both gross margin and Adjusted EBITDA in the second half of calendar 2007.'

The following forecasts are based on current expectations. These statements are forward looking, and actual results may differ materially. Please see the Safe Harbor statement in this release for a description of certain important risk factors that could cause actual results to differ, and refer to Bookham's annual and quarterly reports on file with the Securities and Exchange Commission (SEC) for a more complete description of the risks. Furthermore, our outlook excludes items that may be required by GAAP such as restructuring and related costs, acquisition or disposal related costs, impairments of goodwill and other long-lived assets for which the likelihood and amounts are not determinable at this time, extraordinary items, as well as the expensing of stock options and restricted stock grants under SFAS 123R.

For the first quarter of fiscal 2008, ending September 29, 2007, excluding restructuring and other non-recurring charges, the Company expects:

-- Revenue in the range of $50 million to $54 million
-- Non-GAAP gross margin of between 18 percent and 22 percent
-- Adjusted EBITDA of negative $3 million to negative $7 million

Conference Call

Bookham is scheduled to hold a conference call to discuss its fourth quarter fiscal 2007 financial results today at 5:00 p.m. ET/2:00 p.m. PT. To access the call, dial 1-973-582-2785. A live webcast of the call will also be available via the Investors section of the Company's website at www.bookham.com.

A replay of the conference call will be available through August 9, 2007. To access the replay, dial 1-973-341-3080. The conference code for the replay is 9005455.

About Bookham

Bookham, Inc. is a global leader in the design, manufacture and marketing of optical components, modules and subsystems. The company's optical components, modules and subsystems are used in various applications and industries, including telecommunications, data communications, aerospace, industrial and military. Since 2002, the company has acquired the optical components businesses from Nortel Networks and Marconi, as well as Ignis Optics, Inc., the business of Cierra Photonics Inc., New Focus, Inc., Onetta, Inc., and Avalon Photonics. The company has manufacturing facilities in the UK, US, Canada, China and Switzerland and offices in the US, UK, Canada, France and Italy and employs approximately 2000 people worldwide. More information on Bookham, Inc. is available at www.bookham.com.

Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.

Safe Harbor Statement

Any statements in this announcement about the future expectations, plans or prospects of Bookham, including statements containing the words 'believe,' 'plan,' 'anticipate,' 'expect,' 'estimate,' 'will,' 'should,' 'ongoing,' and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including factors described in Bookham's most recent quarterly report on Form 10-Q. These include continued demand for optical components, transfer of test and assembly operations to China, changes in inventory and product mix, no further degradation in the $/pounds Sterling exchange rate and the continued ability of the Company to maintain requisite financial resources. The forward-looking statements included in this announcement represent Bookham's view as of the date of this release. Bookham anticipates that subsequent events and developments may cause Bookham's views to change. However, Bookham disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document. Those forward-looking statements should not be relied upon as representing Bookham's views as of any date subsequent to the date of this announcement.

Non-GAAP Financial Measures

The Company provides non-GAAP measures of net loss and Adjusted EBITDA as supplemental financial information regarding the Company's operational performance.

Non-GAAP Net Loss

Non-GAAP net loss is calculated as net loss excluding the impact of impairment charges, restructuring costs, non-cash compensation related to stock and options granted to employees and directors, and certain other one- time charges and credits specifically identified where applicable. The Company evaluates its performance using, among other things, non-GAAP net loss in evaluating the Company's historical and prospective operating financial performance, as well as its operating performance relative to its competitors. Specifically, management uses this non-GAAP measure to further understand the Company's 'core operating performance.' The Company believes its 'core operating performance' represents the Company's on-going performance in the ordinary course of its operations. Accordingly, management excludes from 'core operating performance' those items, such as impairment charges, restructuring programs and costs relating to specific major projects which are non- recurring, as well as non-cash compensation related to stock and options. Management does not believe these items are reflective of the Company's ongoing operations and accordingly excludes those items from non-GAAP net loss.

The Company believes that providing non-GAAP net loss to its investors, in addition to corresponding income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the core business and its results of operations may look in the future. The Company further believes that providing this information allows the Company's investors greater transparency and a better understanding of the Company's core financial performance. Additionally, non-GAAP net loss has historically been presented by the Company as a complement to net loss, thus increasing the consistency and comparability of the Company's earnings releases. The non-GAAP adjustments, and the basis for excluding them, are discussed further below.

A pro-forma subtotal within the Company's determination of non-GAAP net loss specifically excludes from the Company's net loss the non-cash compensation related to stock and options granted to employees and directors under SFAS 123R - Share-Based Payment subsequent to the Company's adoption of this accounting standard on July 3, 2005, and under APB 25 for earlier comparative periods. Management uses this non-GAAP information to compare this specific non-cash expense with similar expenses of competitors and other companies.

Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States. Non-GAAP net loss should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP net loss used by other companies. The GAAP measure most directly comparable to non-GAAP net loss is net loss. A reconciliation of non-GAAP net loss to net loss is set forth in the schedules below.

Adjusted EBITDA

Adjusted EBITDA is calculated as net loss excluding the impact of taxes, net interest income/expense, depreciation and amortization, net foreign currency translation gains/losses, as well as restructuring, impairment, non-cash compensation related to stock and options, and certain other one-time charges and credits related to early extinguishment of debt and amounts related to settlement of certain litigation. The Company uses Adjusted EBITDA in evaluating the Company's historical and prospective cash usage, as well as its cash usage relative to its competitors. Specifically, management uses this non-GAAP measure to further understand and analyze the cash used in/generated from the Company's core operations. The Company believes that by excluding these non-cash and non-recurring charges, more accurate expectations of our future cash needs can be assessed in addition to providing a better understanding of the actual cash used in or generated from core operations for the periods presented. Management does not believe the excluded items are reflective of the Company's ongoing operations and accordingly excludes those items from Adjusted EBITDA. The Company believes that providing Adjusted EBITDA to its investors, in addition to corresponding GAAP cash flow measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions that impact the Company's cash position and understanding how the cash position may look in the future. The Company further believes that providing this information allows the Company's investors greater transparency and a better understanding of the Company's core cash position. Furthermore, similar non-GAAP measures have historically been presented by the Company as a complement to its GAAP presentation. The non-GAAP adjustments, and the basis for excluding them, are discussed further below.

Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States. Adjusted EBITDA should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. The GAAP measure most directly comparable to Adjusted EBITDA is net loss. A reconciliation of Adjusted EBITDA to GAAP net loss is set forth in the financial schedules section below.

Impairment of Goodwill, Intangibles and other Long-Lived Assets

GAAP requires the Company to compare the fair value of its long-lived assets to their carrying amount on the Company's financial statements. If the carrying amount is greater than its fair value, then an impairment must be recognized in the GAAP presentation, and included as a charge to earnings in the statement of operations. In particular this is the case regarding businesses acquired by the Company. If the carrying amount of the acquired businesses, including recorded goodwill, is greater than its fair value, then an impairment of the goodwill must be recognized in the GAAP presentation, and included as a charge to earnings in the Company's statement of operations. The Company excludes the impairment of long-lived assets, for the purposes of calculating non-GAAP net loss and Adjusted EBITDA, when it evaluates the continuing core operational performance of the Company. The Company believes that these items do not reflect expected future operating expenses nor does the Company believe that they provide a meaningful evaluation of current versus past core operational performance.

Restructuring Activities

The Company has incurred expenses, which are included in its GAAP statement of operations, primarily due to the write-down of certain property and equipment that has been identified for disposal, workforce related charges such as retention bonuses, severance, benefits and employee relocation costs related to formal restructuring plans, termination costs and building costs for facilities not required for ongoing operations, and costs related to the relocation of certain facilities and equipment from buildings which the Company has disposed of or plans to dispose of. The Company excludes these items, for the purposes of calculating non-GAAP net loss and Adjusted EBITDA, when it evaluates the continuing operational performance of the Company. The Company does not believe that these items reflect expected future operating expenses nor does it believe that they provide a meaningful evaluation of current versus past core operational performance.

Early Extinguishment of Debt

The Company has recorded an expense related to the extinguishment of its debt, which is included in its GAAP statement of operations. The Company excludes this item, for the purposes of calculating non-GAAP net loss and Adjusted EBITDA, when it evaluates the continuing performance of the Company. The Company does not believe that this item reflects expected future expenses nor does it believe that it provides a meaningful evaluation of current versus past core operational performance.

Legal Settlement/Recovery

The Company has recorded an expense related to the settlement of an on- going litigation, net of insurance recoveries, which is included in its GAAP statement of operations. The Company excludes this item, for the purposes of calculating non-GAAP net loss and Adjusted EBITDA, when it evaluates the continuing performance of the Company. The Company does not believe that this item reflects expected future expenses nor does it believe that it provides a meaningful evaluation of current versus past core operational performance.

Foreign Currency Translation Gains/Losses

The Company records gains and losses related to the translation of intercompany balances denominated in currencies other than the functional currencies of the local legal entities, the translation of certain other ending balance sheet accounts denominated in currencies other than the function currencies of the local legal entities, and contracts entered into to mitigate the exposure to these translation gains and losses. The Company excludes this item, for the purposes of calculating Adjusted EBIDTA, when it evaluates the cash usage and prospective cash usage of the Company. Management does not believe this excluded item is reflective of its ongoing operations.

Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. The GAAP measure most directly comparable to non-GAAP net loss is net loss. The GAAP measure most directly comparable to Adjusted EBITDA is net loss. A reconciliation of each of these non-GAAP financial measures to GAAP information is set forth below.

BOOKHAM, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

June 30, July 1,
2007 2006
ASSETS (unaudited)
Current assets:
Cash and cash equivalents $36,631 $37,750
Restricted cash 6,079 1,428
Accounts receivable, net 33,685 33,779
Inventories 52,114 53,860
Current deferred tax asset - 348
Prepaid expenses and other
current assets 9,121 11,436
Total current assets 137,630 138,601
Long-term restricted cash - 4,119
Goodwill 7,881 8,881
Other intangible assets, net 11,766 19,667
Property and equipment, net 33,707 52,163
Non-current deferred tax asset 19,197 12,911
Other assets 294 455
Total assets $210,475 $236,797


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $21,101 $26,143
Current loan payable 3,812 -
Current deferred tax liability 19,197 12,911
Accrued expenses and other
liabilities 22,704 37,337
Total current liabilities 66,814 76,391
Non-current deferred tax liability - 348
Other long-term liabilities 1,908 4,989
Deferred gain on sale leaseback 20,786 19,928
Total liabilities 89,508 101,656
Stockholders' equity:
Common Stock 832 580
Additional paid-in capital 1,114,391 1,053,626
Accumulated other
comprehensive income 42,444 35,460
Accumulated deficit (1,036,700) (954,525)
Total stockholders' equity 120,967 135,141
Total liabilities and
stockholders' equity $210,475 $236,797


BOOKHAM, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)


Three Months Ended
June 30, March 31,
2007 2007

Net revenues $45,106 $44,989
Cost of revenues 37,733 40,707
Gross profit 7,373 4,282
Operating expenses:
Research and development 9,154 10,853
Selling, general and
administrative 10,837 12,043
Amortization of intangibles 1,956 2,170
Restructuring charges 1,872 4,273
(Recovery)/impairment of long-
lived assets (280) -
Loss (gain) on sale of property
and equipment and other assets (2,185) 6
Total operating expenses 21,354 29,345
Operating loss (13,981) (25,063)
Other income/(expense), net 389 777
Loss before income taxes (13,592) (24,286)
Income tax (provision)/benefit (22) (37)
Net loss $(13,614) $(24,323)

Basic and diluted loss per share:
Net loss per share $(0.17) $(0.35)

Weighted average shares of common
stock outstanding (basic and diluted) 82,454 70,077

Stock based compensation included
in the following:
Cost of sales $249 $478
Research and development 376 260
Selling, general and
administrative 603 557
Total $1,228 $1,295


BOOKHAM, INC.
RECONCILIATION OF GAAP NET LOSS TO CERTAIN NON-GAAP MEASURES
(in thousands, except per share amounts)
(unaudited)

Three Months Ended
June 30, 2007 March 31, 2007
Adjusted Adjusted
Net Loss EBIDTA Net Loss EBIDTA

GAAP net loss $(13,614) $(13,614) $(24,323) $(24,323)
Stock compensation 1,228 1,228 1,295 1,295
Pro forma (12,386) (12,386) (23,028) (23,028)
Adjustments:
Depreciation expense - 3,190 - 3,279
Amortization expense - 1,956 - 2,170
Income tax provision, net 22 22 37 37
Interest income, net - (237) - (142)
(Recovery)/impairment of long-
lived assets (280) (280) - 0
Foreign currency losses, net - (152) - (664)
Restructuring charges 1,872 1,872 4,273 4,273
Non-GAAP measures $(10,772) $(6,015) $(18,718) $(14,075)

Non-GAAP measures per share (basic
and diluted) $(0.13) $(0.07) $(0.27) $(0.20)

Weighted average shares of common
stock outstanding (basic
and diluted) 82,454 82,454 70,077 70,077


SOURCE Bookham, Inc.

Source: PR Newswire (August 2, 2007 - 3:00 PM EST)

News by QuoteMedia
www.quotemedia.com
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surf1944 surf1944 17 years ago

Bookham Receives Best Support Supplier Award From Huawei

SHENZHEN, China, July 23 /PRNewswire-FirstCall/ -- Bookham, Inc. (Nasdaq: BKHM), a leading provider of optical components, modules and subsystems, today announced that it has received the prestigious Best Support Supplier award from Huawei -- one of the world's largest telecom equipment vendors.

The award recognizes the support Bookham has given to Huawei in 2007, including excellent service and flexible delivery to meet Huawei's needs. Bookham supplies a wide range of its high end optical components and modules to Huawei, including 10Gb/s co-packaged laser-modulators, receivers, directly modulated lasers and optical 980nm pumps, all of which are assembled in the company's facility in Shenzhen.

'Asia is an important market for Bookham and this award from Huawei illustrates how much we value and support our customers,' said Adrian Meldrum, VP Sales and Marketing, Bookham. 'This is the third time in three years that Huawei has honored us with an award.

'At Bookham, we pride ourselves on the long-term relationships we build, and look forward to continuing to offer our customers around the world high quality, cost-effective, volume manufacturing, coupled with a differentiated product set driven from our core technology platforms.'

Bookham opened an advanced manufacturing facility in Shenzhen in March 2004. Since then, the assembly of all the company's telecoms products has moved to China. Key quality systems and processes have been established in Shenzhen in line with the company's best practices and global TL9000 and ISO9000:2000 registration, the effectiveness of which has been demonstrated by the selection of Bookham terrestrial pump technology for deployment in undersea networks.

Bookham now employs over 1,300 people in its Shenzhen assembly facility.

About Bookham

Bookham, Inc. (Nasdaq: BKHM) is a global leader in the design, manufacture and marketing of optical components, modules and subsystems. The company's optical components, modules and subsystems are used in various applications and industries, including telecommunications, data communications, aerospace, industrial and military. Since 2002, the company has acquired the optical components businesses from Nortel Networks and Marconi, as well as Ignis Optics, Inc., the business of Cierra Photonics Inc., New Focus, Inc., and Onetta, Inc. The company has manufacturing facilities in the UK, US, Canada, China and Switzerland; and offices in the US, UK, Canada, France and Italy and employs approximately 2000 people worldwide.

More information on Bookham, Inc. is available at http://www.bookham.com

Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.

SOURCE Bookham, Inc.

Source: PR Newswire (July 23, 2007 - 3:00 PM EST)
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Jason Bond Jason Bond 17 years ago
BKHM Chart Annotated by TI

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surf1944 surf1944 17 years ago

Bookham Appoints Alain Couder as President and CEO
Dr. Peter Bordui To Remain Chairman

SAN JOSE, Calif., July 11 /PRNewswire-FirstCall/ -- Bookham, Inc. (Nasdaq: BKHM), a leading provider of optical components, modules and subsystems, today announced the appointment of Alain Couder as president and chief executive officer. It is anticipated that he will also be elected to the Company's board of directors. Mr. Couder succeeds Dr. Peter Bordui, acting president and chief executive officer, who will continue to serve as Chairman of the Company's board of directors. Mr. Couder will be based in the Company's San Jose headquarters and will formally take on his new position effective August 13.

'We're delighted to have Alain join Bookham,' said Dr. Bordui. 'He's a highly qualified international executive with a well established record of success. We believe he's a great fit for our organization and we expect his contributions will be invaluable in serving our customers and creating value for our shareholders.'

'I am joining Bookham at a time when, having achieved significant technological success, the Company is poised to achieve profitable growth in a market eager for ever increasing bandwidth,' said Mr. Couder. 'I plan to leverage the Company's position in the communication market to increase shareholder value.'

Mr. Couder was most recently President and CEO of Solid Information Technology Inc., a supplier of database solutions. Prior to joining Solid, Mr. Couder served as President and CEO of Confluent Software, Inc., and IP Dynamics, Inc., and as Chairman and CEO of Packard Bell NEC, Inc. Mr. Couder has also held the position of Chief Operating Officer for both Agilent Technologies and Groupe Bull. Earlier in his career, Mr. Couder held a series of general and technology management positions at Hewlett Packard and IBM. He has also served as an advisor for Sofinnova Ventures, a venture capital firm.

Mr. Couder holds a Master's degree in electrical engineering from the Ecole Superieure d'Electricite in Paris.

About Bookham

Bookham, Inc. is a global leader in the design, manufacture and marketing of optical components, modules and subsystems. The company's optical components, modules and subsystems are used in various applications and industries, including telecommunications, data communications, aerospace, industrial and military. Since 2002, the company has acquired the optical components businesses from Nortel Networks and Marconi, as well as Ignis Optics, Inc., the business of Cierra Photonics Inc., New Focus, Inc., Onetta, Inc., and Avalon Photonics. The company has manufacturing facilities in the UK, US, Canada, China and Switzerland; and offices in the US, UK, Canada, France and Italy and employs approximately 2000 people worldwide. More information on Bookham, Inc. is available at http://www.bookham.com.

Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.

Safe Harbor Statement

Any statements in this announcement about the future expectations, plans or prospects of Bookham, including statements containing the words 'believe', 'plan', 'anticipate', 'expect', 'estimate', 'will', 'ongoing' and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including factors described in Bookham's most recent quarterly report on Form 10-Q. These include continued demand for optical components, transfer of test and assembly operations to China, changes in inventory and product mix, no further degradation in the $/pounds Sterling exchange rate and the continued ability of the Company to maintain requisite financial resources. The forward-looking statements included in this announcement represent Bookham's view as of the date of this release. Bookham anticipates that subsequent events and developments may cause Bookham's views to change. However, Bookham disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document. Those forward-looking statements should not be relied upon as representing Bookham's views as of any date subsequent to the date of this announcement.

SOURCE Bookham, Inc.

Source: PR Newswire (July 11, 2007 - 8:01 AM EST)
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surf1944 surf1944 17 years ago
Stocks in a New Uptrend (Aroon) (BKHM)
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surf1944 surf1944 17 years ago
06/29/07 07:14 *DJ Bookham Tech (BKHM) Initiated At Buy At Roth Capital

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surf1944 surf1944 17 years ago

Tech Bargains Under $5

George Putnam, The Turnaround Letter 06.18.07

11:20 AM ETAvanex (nasdaq: AVNX - news - people ), Bookham (nasdaq: BKHM - news - people ), Conexant (nasdaq: CNXT - news - people ), Finisar (nasdaq: FNSR - news - people ) and Zhone (nasdaq: ZHNE - news - people ) are all involved with communications equipment. Avanex, Bookham and Finisar produce components of fiber optic networks. Conexant and Zhone produce other equipment as well, but their fates all depend on the willingness of the major telecommunication service providers to upgrade their equipment.
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surf1944 surf1944 17 years ago
BKHM coming back into a buy range(support $2.08-2.10)
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surf1944 surf1944 17 years ago
BKHM breaking out finally with earnings out of the way, very little to slow it down now.
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The Real Titan The Real Titan 17 years ago
Hey... Somebody is here...lol

Yes, not sure what's causing it, but its about time. I got in a bit early at 2.23, then watched it dip back down to 2.16/17, but its due for a recovery, which may be what we're seeing the start of. Good Luck to us both!!!
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surf1944 surf1944 17 years ago
Nice uptick in BKHM this morning, I added last week on the dip...GLTY
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The Real Titan The Real Titan 17 years ago
Well not really a lively thread, but hey I'm in for the ride at 2.23.... Let the games begin, looks good for a bottom bounce! Anyone else still here?
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surf1944 surf1944 17 years ago
BKHM made the stockcharts.com scan for "Oversold with an Improving RSI" list tonight(should make a move back to the 50 DMA)
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surf1944 surf1944 17 years ago
BKHM worth a look for a nice bounce here(just recently received new funding)
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Livarot Livarot 18 years ago
Is TLAB the only drag on the sector today? They are blaming the T merger for weak rev guidance. Not good.

Everything on my list is down 3% to 8%. The rising tide is receding again.

GA warned of mergers last May:

>>Recent telco mergers, such as Verizon-MCI and SBC-AT&T, will probably act as a trigger for further restructuring. Pressure has moved down to the equipment OEMs, and the Lucent-Alcatel merger is likely to stimulate similar consolidation. The result - fewer but more powerful downstream customers - will further weaken the hand of the leading optical-component players if they do not respond. Put simply, this industry is not grabbing the opportunity to consolidate ahead of its customers and move decisively to recreate pricing advantage and economy of scale.<<
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Livarot Livarot 18 years ago
Three Kings and the Duke: The shorts really piled on last month.

Increase in short interest and days to cover:

AVNX: +124%, 2.2 (new record)
BKHM: +68%, 5.6 (near record)
FNSR: +55%, 2.4 (new record)
JDSU: -8%, 2.2 (near record)

Only JDSU got a breather from June's record short interest.

It looks like a heavy bet against good news in the sector.

Bring on some good news!

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