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olsen 12/5/2012 | 3:14:26 PM
re: Bookham Readies More Cuts http://www.bookham.com/documen...
Bookedout 12/5/2012 | 3:14:35 PM
re: Bookham Readies More Cuts On a nice 3 week holiday, money in the bank, and the share price rising again .... the man doesn't know the meaning of short term pain.
DZED 12/5/2012 | 3:14:36 PM
re: Bookham Readies More Cuts Just dredged up and old email from 2003.
Looking back its pretty funny.

"Following the Q4 results, the new sales forecasts and the finalisation of the budgets I have had to review the situation regarding the pay review.

In order for us to work towards achieving our target of breakeven in Q4 2003, we need to not only reduce costs to the business but also to increase our productivity and sales revenue. In addition we need to reserve our cash level. Unfortunately this means that I can no longer agree to a full pay review in April.

However, I have agreed with my officer team to secure a small spend for individuals in the following categories: principally those currently paid significantly below the market or individuals who have taken a significant increase in responsibility since they last received a rise.

It is absolutely critical that we focus our cash where it is most needed and therefore I, together with each of the officers, will be approving each rise individually.

I appreciate this is a difficult message for you to hear right now, however it is critical that I make such decisions now for the long term future of Bookham and sometimes that means short term pain to get us there.

Giorgio Anania"
deauxfaux 12/5/2012 | 3:15:09 PM
re: Bookham Readies More Cuts Determining the true value of that inventory would be an interesting effort indeed.

Is it forgotten E&O, or is it valuable?

Vent 12/5/2012 | 3:15:16 PM
re: Bookham Readies More Cuts So where are we ?
Ottawa shuts amplifier design shifted to Paignton
Caswell shuts remaining packaging development goes to paignton and old 2-inch InP closing
(strange I always thought paignton would close but presumably bookham think it would be too difficult to move people from paignton to Caswell after all it is called the English Riviera )
Will this be enough ? to save 7M$ probably
Is it then a case of waiting until Georgio's pay off clause expires before Bonex becomes a reality
Or if they fail which bits would people want in a fire sale?
What 'good' products do bookham have that someone would pay good cash (or shares) for?

Vent
Bookedout 12/5/2012 | 3:15:16 PM
re: Bookham Readies More Cuts Some really nice tunable products based on chips from Caswell (long time coming!) plus some nice little revenue earners from the Zurich operations .... oh and I nearly forgot the $50M worth of inventory. Let's hope it does have some value and isn't just a bucketful of old fixed wavelength products which nobody wants ......
whyiswhy 12/5/2012 | 3:15:18 PM
re: Bookham Readies More Cuts BKHM BOD = crooks.

Financing their telecom infrastructure builds by getting Joe Schmuck and his granny to buy this loser.

Suckers!

As always, JMHO

-Why
Bookedout 12/5/2012 | 3:15:20 PM
re: Bookham Readies More Cuts It didn't affect him last time this happened. He took a holiday then as well ... that's consistency for you!
tapalroze 12/5/2012 | 3:15:20 PM
re: Bookham Readies More Cuts Cathi48,
Well, they say that they're shifting some of the Ottawa stuff to Paignton and some to China. Not sure exactly how much they will keep going, but it sounds like the Ottawa shutdown will make up the bulk of the $6-7 million quarterly savings they're aiming for - so I guess that not too much will be left...
Cathi48 12/5/2012 | 3:15:21 PM
re: Bookham Readies More Cuts Alcabash, you wrote, "All software and amplifier design activities for Nortel are cancelled."

Does that mean those design activities are being moved to another Bookham location or cancelled altogether?

Thanks.

Cathi
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