Bookham Narrows Forecast

SAN JOSE, Calif. -- Bookham, Inc. ("Bookham") (Nasdaq: BKHM - News), a leading provider of optical components, modules and subsystems, announced today, that in view of recent economic conditions and information, the guidance for its financial results for its first fiscal quarter 2009, ended September 27, 2008, is updated to include a narrowed revenue range of $66 million to $67 million from its prior range of $64 million to $68 million. The company is also announcing that the non-GAAP gross margin and the Adjusted EBITDA will be around the top end of the range previously disclosed. The company's prior guidance, as issued on July 24, 2008, stated a non-GAAP gross margin between 22 percent and 26 percent, which excludes stock compensation and one-time costs related to the transfer of San Jose photonics operations to Shenzhen, China, and Adjusted EBITDA of negative $2.0 million to positive $2.0 million.

Bookham cautions that its anticipated results are preliminary, based on the best information currently available and are subject to completion of preparation of the financial statements for the first quarter of fiscal 2009.

Bookham Inc. (Nasdaq: BKHM; London: BHM)