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Technology Stocks : Bookham Technology -- Ignore unavailable to you. Want to Upgrade?

To: David Einstein who wrote (170)	9/27/2000 11:08:48 AM
From: DiViT	Read Replies (1) \| Respond to of 376

Scientific-Atlanta to post gain from (BKHM) stock sale ATLANTA, Sept 27 (Reuters) - Scientific-Atlanta Inc. (NYSE:SFA - news) on Wednesday said it would have an after-tax gain of $48.8 million, or 28 cents a share, from the sale of 1.826 million shares of Bookham Technology Plc (NasdaqNM:BKHM - news). Scientific-Atlanta, a supplier of broadband transmission networks, said the sale generated net proceeds of $82.7 million. The gain will be reported in the company's fiscal first quarter, ending Sept. 29. The stock sale was part of a firm commitment underwriting managed by Goldman Sachs on behalf of Bookham and certain selling shareholders, Scientific-Atlanta said. Scientific-Atlanta has a multiyear agreement for Bookham to supply Scientific-Atlanta with a range of optical components. After the stock sale, Scientific-Atlanta will still own 4.2 million shares of Bookham, which makes components for fiber-optic telecommunications networks. biz.yahoo.com