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Technology Stocks : Bookham Technology
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To: Gus who started this subject3/10/2004 1:42:23 PM
From: Barry  Read Replies (1) of 376
 
According to a DowJonesNewswire item BKHM was dropped from the FTSE250 index, the tier group below the FTSE100 index. Apparently they reshuffle every quarter, and the fall in price since the last CC and corresponding drop in market cap was enough to get BKHM delisted from that index. Maybe they're now in a smaller cap index; the index fund portfolio shuffle might be why BKHM has been so weak.

Hopefully the rising dollar will help buffer revenues and lead to a surprise on the upside.
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