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Bookham's Bounce

12:35 PM -- Bookham is actually making a positive pre-announcement today. (See Bookham Updates Q2.)

The release doesn't say anything about profitability, but it does predict revenues of $59 million for the firm's second quarter, which ended in December. That's compared with the $55 million to $58 million the company projected in October. Hey, it's something.

The company also beat guidance with its first quarter, which ended in September. (See Bookham Reports Q1.) When was the last time Bookham had two upbeat quarters in a row? Break out the Yoo-hoo!

The stock is up 16 cents (7.2%) at $2.38 as of this writing.

Quick note about that September quarter: Bookham reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITYADDAYADDA) of negative $2.5 million -- missing former CEO Georgio Anania's prediction of positive adjusted EBITDA. (See Georgio Anania, Ex-CEO, Bookham.) We'll see if they make it this time.

— Craig Matsumoto, West Coast Editor, Light Reading

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