SOURCE: Bookham, Inc.

August 15, 2005 16:10 ET

Bookham Files Shelf Registration Statement and Amends Its Transition Report on Form 10-K for the Period Ended July 3, 2004

SAN JOSE, CA -- (MARKET WIRE) -- August 15, 2005 -- Bookham, Inc., (NASDAQ: BKHM), a leading provider of optical components, modules and subsystems, announced today that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC). Upon being declared effective by the SEC, the shelf registration statement will allow the Company to sell up to $35 million worth of shares of its common stock from time to time in one or more public 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.

In addition, Bookham today filed an amendment to its Transition Report on Form 10-K for the period ended July 3, 2004. The amendment was filed for the purposes of revising the notes to the financial statements for the period ended July 3, 2004 to describe management's plans to address the need to raise additional funds, and revising the opinion of Ernst & Young LLP, Bookham, Inc.'s independent registered public accounting firm, to include an emphasis of matter paragraph stating that if management is unable to raise additional funds it would significantly adversely affect Bookham's ability to continue operations.

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, China and Switzerland; and offices in the US, UK, Canada, China France and Italy; and employs approximately 2000 people worldwide. More information on Bookham, Inc. is available at www.bookham.com.

Bookham is a registered trademark and all other Bookham product names and slogans are trademarks or registered trademarks of Bookham in the U.S.A. or other countries.

The shelf registration statement has not yet become effective. No securities may be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell, or the solicitation of an offer to buy any such securities, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

Any statements in this press release about future expectations, plans and prospects for the Company, including statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the Company's most recent quarterly report filed with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this release. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

Contact Information

  • Contact:
    Jim Fanucchi
    Summit IR Group Inc.
    (408) 404-5400
    Email Contact

    Steve Abely
    Bookham, Inc.
    Chief Financial Officer
    (408) 919-1500