their product is the future of the optical component industry...this company has huge potential...to integrate many smaller parts into a "chip" will save time, space and cost...this sector is the new niche in the optical industry and should do well...they have backing from cisco and nortel also...according to WFN:
Bookham integrates optical transceivers, multiplexers, lenses, and filters onto a single chip. This increases the efficiency of fiber optic network building and operation. The firm emerged from start up in ?99 and revenues reached $5.7 million for the year. Reception of the firm?s products has been favorable and customers include E-Tek Dynamics, Nortel Networks, and Scientific Atlanta.
This offering combines elements of severally highly valued sectors, including semiconductors, optical networking, and an ?international premium?. Investors include such high profile names as Cisco, Nortel Networks, and Scientific Atlanta. And adding to the optimistic outlook, pre-offering demand is reported to be heavy. Given the size of the offering, the sector valuation, and the pre-offering demand, expect a very favorable initial reception (e.g., 60+%) followed by near term mild appreciation. |
