On
Nortel, directly and through Flextronics, is a key customer of Bookham and
important to its success and growth. On
Bookham is pleased that Nortel has addressed its contract with Flextronics
at the very first stage of its bankruptcy to ensure the viability of this
important component of the Nortel supply chain and the relationship with
Bookham. Bookham has approximately
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
Bookham and all other Bookham, Inc. product names and slogans are
trademarks or registered trademarks of Bookham, Inc. in the
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 and references including future revenue and expectations
regarding future business with Nortel or its key suppliers 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 the impact of continued uncertainty in
world financial markets and the resulting reduction in demand for our
products, continued business and sales to Nortel, receipt of payments from
Nortel under existing agreements and during the pendency of the bankruptcy,
decisions by the bankruptcy court, the lack of availability of credit as well
as the factors described in Bookham's most recent annual report on Form 10-K
and most recent quarterly reports on Form 10-Q. These include continued
demand for optical components, changes in inventory and product mix, no
further degradation in the exchange rate of
SOURCE Bookham, Inc.