Bookham closes two of its four plants

July 4, 2002
3 July 2002 -- Bookham Technology plc is to close two manufacturing facilities in Maryland, USA and Swindon, UK by end-Q3/2002, involving the loss of about 70 jobs.

3 July 2002 -- Optical component manufacturer Bookham Technology plc is to close two manufacturing facilities in Maryland, USA and Swindon, UK by end-Q3/2002, involving the loss of about 70 jobs and exceptional charges of £8-12m. It is currently trying to sell the properties.

Production will be consolidation in its other two facilities. Bookham says that, through an on-going process efficiency programme, it can now handle component production rates of £200m at Milton, Abingdon, UK (where it makes its ASOC silicon-based integrated optical components) and similar levels at Caswell, Northamptonshire, UK (which it acquired with Marconi Optical Component in February and where it makes gallium arsenide- and indium phosphide-based III-V compound semiconductor components).

Revenue for Q2/2002 were £7.1m (up 27% on Q1/2002), in line with analysts' expectations.

After reducing the quarterly cash burn rate from £22.2m in Q1/2002 to £13.8m in Q2/2002, Bookham estimates that on-going cost reduction will reduce this to £10-12m (excluding restructuring costs) by Q4/2002. Bookham ended Q2 with £148.8m in cash.

www.bookham.com

Sponsored Recommendations

April 10, 2025
The value of pluggable optics in open-line systems is also becoming more apparent. This webinar describes this trend and explores how such modules can best be employed. Register...
April 25, 2025
This webinar will examine trends and advancements at the system and optical module levels for data center interconnect. Register today to join the discussion.
April 11, 2025
Taking a comprehensive approach to developing electronic products is the key to successful outcomes.
March 25, 2025
Explore how government initiatives and industry innovations are transforming rural broadband deployments, overcoming cost and logistical challenges to connect underserved areas...