Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BKHM's new, near-record short interest surprises me. I don't see how it can be anything but short speculation against the report. BKHM has been on the SHO list for 10 sessions. I think it is bullish, unless somebody already knows "bullish" is really "bullsh*t" from GA.
Mrpev (on the Yahoo board) likes what he sees from AFOP and T in their reports. I agree. (I'm trying to get him to post over here).
Odds still favor the longs, IMO.
BKHM needs a miracle like AGR.
AGR misses revs $382M/$400M, beats earnings 0.27/0.16, guides lower for next Q, while cash drops to $490M from $620M. On that the stock is up 22%. I don't get it.
If BKHM beats earnings, we should be up 100%.
Nine days to earnings. At this point, I don't think anything else matters much.
If the news is neutral to mildly good, BKHM should do fine. If the news murky and questionable, GA's credibilty will remain a major negative issue. If the news is flat-out bad, eg. declining revs, worsening margins, bad guidance, etc., longs are screwed as insolvency looms.
I see it as a crap-shoot with the odds in favor of the longs, 60/40, I hope! (Disclosure: long 23k).
Two bright spots: BKHM is holding yesterday's gain, so bad news hasn't yet leaked; and those "brilliant" stock pickers at Penn Capital did go long 3.8M shares.
Howa, that is good news. Not everyone believes BKHM is going out of business!
A quick look at "Penn Capital" is reassuring. They state their small cap objective is to "outperform the Russell 2k", so they were not forced to buy BKHM. They went long based on BKHM's valuation and potential in the sector. That is why we are way long BKHM. We've got some pros on our side!
GB, here is BKHM's lackluster guidance for this Q:
>>For the fourth quarter of fiscal 2006, ending July 1 2006, the Company expects revenue will be in the range of $52 million to $55 million;
The Company expects gross margin will be in the range of 6 percent to 10 percent;
The Company expects Adjusted EBITDA will be in a range of negative $11 million to negative $15 million.<<
The market seems to be saying BKHM will not have any good news on August 3. IMO, a negative surpise will surely kill us.
A simple positive surprise, like visiblity to sustained revenue growth and declining losses, should give us a valuation more like AVNX. That would give BKHM a quick double to the $5-$7 range.
Just MHO.
INSTITUTIONS WERE ADDING BKHM STOCK DURING 2Q
The following is a summary of institutional investment changes for BKHM during the 2nd quarter per NASDAQ.COM.
Overall, institutions added approx. 3.5M Shares Net during the 2nd qtr.
PENN CAPITAL MGMT 6/30/06 3,842,362
GAM USA 6/30/06 593,000
STERLING JOHNSON CAPITAL
MGMT 6/30/06 359,900
COWEN & COMPANY 6/30/06 175,524
TEACHERS RETIREMENT
TEXAS 6/30/06 125,000
ROANOKE ASSET MGMT 6/30/06 96,405
SHIKIAR ASSET MGMT 6/30/06 35,000
FUND ASSET MGMT 6/30/06 9,100
ROBECO USA 6/30/06 (39,261)
GEODE CAPITAL MGMT 6/30/06 (158,192)
EMERALD MUTUAL FUND 6/30/06 (283,500)
CONSTITUTION RESEARCH 6/30/06 (355,010)
EMERALD ADVISORS 6/30/06 (928,007)
NET SHARES ADDED BY INSTITUTIONS
DURING 2Q 3,472,321
The stock is going into stronger hands
Any opinion on where the bottom might be on bkhm? If we're already valued under our current assets, would another not so favorable earnings release kill us like last time... or does that have nothing to do with the price of tea in China?
sorry if that question seems remedial, I'm new to this.
BKHM is priced for bankruptcy.
Price/(tangible book):
FNSR 24
JDSU 5.9
AVNX 4.0
BKHM 1.3
Price/(current assets):
FNSR 3.6
JDSU 2.6
AVNX 1.6
BKHM 0.97
I'm not sure how the market figured out BKHM is the only one of the above four that has to worry about bankruptcy.
If the same concern hits FNSR and AVNX, look for them at price $0.72 and $0.80 respectively.
I wonder if Yahoo knows this:
From Newly2b on IHUB:
>>Apparently Ihub's volume has jumped quite significantly since the problems with the new Yahoo! boards, with an influx of new members (and Yahooligan spammers) here, causing some spiking on the servers, so Bob disabled the refresh feature and some other stuff temporarily until they can do a more permanent fix.<<
Now, if only BKHM would perform as well as an IHUB board.
I hope they were shorting more today and have doubled the short position to 6M shares. Wishful thinking.
Last time they were on the SHO list, the whole publicly known short position was only about 350k shares. It must have been all undelivered. We never did figure that out.
Thanks, Howa. That is terrible,
I'm tryin to keep some confidence and trust in management, but it is getting harder. They never really fessed up about last Q's debacle, and now they are hiding out. Great.
In a time of crisis, our leaders are AWOL. Bodes ill for next report.
BKHM still on SHO listing this week (eom)
Still no reply from mgmt and do not expect one...eom
Huawei pricing pressure.
From Sandyray on the Yahoo board:
http://www.lightreading.com/document.asp...
Apparently a small rising tide won't be enough to help margins. We need a magnitude 8 tsunami!
We also need our old team of experts from the Yahoo board to explain how it affects BKHM.
Floppy, Mrpev, et al,...are you gone forever?
Yahoo suffering.
All the Yahoo stock boards I monitor are saying the same thing; they hate the new board format, and want the old format back.
Yahoo doesn't care. Where is Yahoo headed as a business? I would never buy a stock like YHOO, so I don't know.
I'm still hoping some good posters from Yahoo-BKHM will migrate over here.
It is a nasty mixed bag as big tech companies report. Overpriced tech is getting what it deserves. If they take RMBS down to $2, I may buy some.
Meanwhile, BKHM is cheap if revenue growth can be detected anytime soon. $55M is high guidance this Q.
Pray for good news.
BKHM lagging the Russell 2k.
If this is really the turn-around day for the markets, I don't like what I see for BKHM. No strength at all. And FNSR's move yesterday certainly didn't help.
Until today, I was holding out hope that the speculators would return to our sector. It looks like they ain't coming back.
IMO, our last hope, short-term, is to beat guidance. Longer term, we can still believe in the rising tide....can't we? Any ideas?
At least may get a good rally in the indexes: SP500 to 1350.
Hi, Navigator:
Thanks for posting and supporting the board. Let's make it work!
I see no official word from FNSR about yesterday. It looks like will have to wait until Sept 5 to see if there is bad news lurking behind the move. I hope not.
I'll be back this afternoon. Keep the board alive!
nice find, hope this board works!!! the message that was brought over from the fnsr board hasn't been verified - yet.
while the poster does post there, i could not pull up that post. perhaps someone else will have better luck with it
From the Yahoo FNSR board:
(Supposed email, no link, could be real)
>>16:46 FNSR The word on the stock move from the Finisar CFO )
Finally reached Finisar CFO Stephen Workman, who was at a loss to explain his cos' stock selloff today. One thing that may have contributed to the movement, Workman told us, was a "cashless earnings warning" issued to subscribers of the Stock Diagnostics service, which tracks co cash flows. Workman said he called Stock Diagnostics to ask them how they reached their conclusion. "The guy has some serious mathematical deficiencies," Workman said of the Stock Diagnostics service. "That's all I can say. I have no idea where they came out w/ their numbers. They may have been looking our GAAP results, which included a lot of non-cash charges related to acquisitions. I'm perplexed." Workman said that a "hedge fund got the ball rolling" w/ the FNSR stock selloff, selling a "large chunk." He also pointed to the stock falling through its 200-day moving average, which he speculated may have caused some technical and program selling. Workman said that he's, "not aware of anything" that would cause such a dramatic move in FNSR stock. The company is still set to report on Sept. 5.<<
Hi, Howa:
Please let us know if you get any satisfactory response.
After last Q's phony guidance and disasterous results, they should be doing everything they can to regain the confidence of shareholders and customers.
It looks like they are still dropping the ball.
I saw BKHM on the SHO list last week. Do you know the first day they were on? TIA.
Aard, thanks for checking in.
The boards here are fast, clear, efficient, etc. I like them best of all. I hope you will post some stuff!
The sell-off in BKHM is so severe, I am mystified. It seems very controlled on low volume, so maybe there is still hope for the next report.
Email to Directors of BKHM
I will advise if I receive a response.........
Since May 1st, I have witnessed the value of my investment in Bookham Technologies decline nearly 55%. Although I'm sure you are also disappointed by these losses as well, I wanted to briefly highlight some issues/experiences that I find quite troubling as a BKHM shareholder:
No relevant updates regarding your products/services as well as the ongoing restructuring activities since May.
Repeated requests for information from your Investor Relations vendor (email, web inquiries, telephone messages) remained unanswered until I contacted Dr. Giorgio Anania's office to express my concerns. Only then did I receive a return telephone call from IR.
As of last week, BKHM stock is back on the SHO (Naked Short) List.
In attempts to contact the company HQ's by dialing 408-383-1400, I experimented and selected the sales & customer service options on your automated telephone system several times. Every time, I get connected to voicemail. I would expect at a minimum that a live person would be answering the sales line.
I would like to know if (or when) the management team and/or the board of directors plans to execute corrective action plans to enhance communications as well as protect shareholder interests.
Just saying Hi, and watching the new board to see what it is like. The format is similar to the old style Yahoo baord, and I am much more comfortable with this.
BKHM - no one seems to want to buy into BKHM at the moment and who can really blame them after last ER.
Did bad news leak on FNSR?
The rising tide was a hoax..???
FNSR still not cheap:
The strange thing is, they have to take it down to $0.50 to match BKHM's current EV/S.
Ophelia,
Great to see you here. I hope more good people show up.
I waded through the FNSR board on Yahoo and found no news. It looks like somebody is dumping millions of shares for reasons unknown. Sector optimism/momentum is clearly dead for now. I didn't expect that.
The sector went from tech darlings to the rubbish heap in a matter of weeks. So much for brillant FA and stock selection.
BKHM longs still have value on their side. Pray for a good report soon. What else can we do?
Hi Livarot,
Hope this works. Market has been brutal to small caps -- particularly telecom and the like.
Any idea why FNSR got killed today? No doubt threre is a connection to BKHM's poor action.
Best regards, OP
Can we revive this board?
It would be a good place to exchange info on BKHM.
Does anyone still read this board?
BKHM appears to be at another critical juncture.
BKHM Videos
Hello,
As my first post in this forum I thought I’d share with you this great trade I took in BKHM a few weeks back. I’m so glad I got out at the tippy-top.
The reason I got out of this trade (and in) has a lot to do with a set of actual live videos I saw over at TheStockStalker.com Here is a link to the video series: http://www.thestockstalker.com/Education.html The explanation he gave for exiting the trade was fantastic.
Press Release Source: Bookham, Inc.
Bookham New Focus(TM) Takes Leading Optical Technology Into New Market
Wednesday November 10, 11:20 am ET
SAN JOSE, CA--(MARKET WIRE)--Nov 10, 2004 -- Bookham, Inc. ("Bookham") (NasdaqNM:BKHM - News), a leading provider of optical components, modules and subsystems, has taken a significant further stride in its strategy of market diversification and the leveraging of its core optical competencies across markets by launching a revolutionary new line of optical filters for the life sciences industry.
The Clarity(TM) line of fluorescence filters from the Bookham New Focus division, in collaboration with the company's Thin Film Products group, marks the first transfer of the Bookham industry-leading thin-film optical-filter technology from the telecommunications market into the life-sciences market. The filters' superior contrast and exceptional reliability are unmatched by the older technologies currently used by life-sciences vendors.
"Optical filters are widely used in life science analytical and diagnostic instruments for fluorescence microscopy, flow cytometry, DNA sequencing, microarrays and other fluorescence applications," said Steve Turley, Bookham Chief Commercial Officer. "The introduction of these filters further enhances the Bookham New Focus position as an experienced supplier to the life-sciences market, with multiple tier-1 OEM customers for filters as well as for other products such as optomechanics. The ability to deliver a range of highly differentiated and technically advanced enabling products, like the Clarity(TM) fluorescence filters, for this market will greatly benefit life-sciences OEMs."
With their exceptional signal-to-noise performance, or contrast, Clarity(TM) filters enable rapid fluorescence measurements and higher instrument throughput, and therefore greater productivity for OEMs and their customers.
Bookham New Focus also supplies the life-science industry with low-noise detectors, ultra-stable optomechanics, high-performance optics, precision lasers and OEM photonics subassemblies.
These filters are the latest additions to the Bookham New Focus photonics tool chest. Photonics products manipulate light -- the flow of photons -- just like electronic products manipulate electricity -- the flow of electrons. Photonics represent a key enabling technology in a variety of industries, including semiconductor IC processing, biotechnology, oil well recovery, industrial sensing and telecommunications.
Notes for editors
(1) Optical filters select a specific optical signal or color and filter out undesired colors ('optical noise'). Based on a revolutionary filter technology for ultra-dense, highly complex films, Clarity(TM) filters deliver both high transmission and high blocking in a single filter and are backed by a 5-year warranty* on standard filters. Ultra-dense coatings make Clarity filters insensitive to both heat and humidity, and there is no epoxy in the optical path that can auto-fluoresce or degrade.
(2) Since 1990, Bookham New Focus products have been providing innovative photonics to the semiconductor, defense, industrial, research, life sciences, and telecommunications test-and-measurement industries. The New Focus product portfolio includes tunable lasers, opto-electronics, opto-mechanics, optics, motion-control systems, and advanced photonics tools and subsystems. The company is headquartered in San Jose, California, and has been a division of Bookham since March 8, 2004.
No trading today?? I read all the news, but still dont understand. Can anyone enlighten me.
your right I think but it a lot
and I don't know if I want to get in now
Me too - I still like the company and see significant upside, just not in the short term. I think JDSU is the better play in this segment right now.
yeah I knew that would fall back
I got out at .1068 but going to watch it
and keep it on my watch list
Looks like we made a good call
yes me two I was reading yahoo board one
person said the are selling in England
bid time
I think we need to let it settle down and regroup before jumping back in. If it pulls WAY back I might consider a trade, if not, I'll just sit back andwatch for a while.
I sold just don't like rv
It certainly was not very clear to me - I'm going to sit back today and see how the market reacts.
av8R..I don't know they are talking about two diff shares
it a rvs of some something.
BKHM - Am I reading this correctly - 10:1 reverse split?
http://biz.yahoo.com/pz/040624/59733.html
here some very good news.
INDUSTRY: SEMI Reports May Book-to-Bill Ratio of 1.11 [delayed]
Ridgeland, MS, JUN 18, 2004 (EventX/Knobias.com via COMTEX) --
According to SEMI.org, North American-based semiconductor equipment manufacturers posted $1.58 billion in orders in May 2004 (three-month average basis) and a book-to-bill ratio of 1.11. Stanley T. Myers, president and CEO of SEMI, said, "Sales in the first five months of 2004 are more than 50 percent higher than those in the first five months of 2003. The apparent stabilization of bookings and billings at these high levels indicates that 2004 will be a strong year for the semiconductor capital equipment market." A book-to-bill of 1.11 means that $111 worth of orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in May 2004 was $1.58 billion. The bookings figure is nominally even with the revised April 2004 level of $1.58 billion and 118% above the $724 million in orders posted in May 2003. The three-month average of worldwide billings in May 2004 was $1.42 billion. The billings figure is 2% above the revised April 2004 level of $1.39 billion and 77% above the May 2003 billings level of $805 million
Optical Components for Broadband Access Systems
By Staff
ABINGDON, U.K. and SANTA ROSA, Calif., Jun 16, 2004 (PRIMEZONE via COMTEX) --
Bookham Technology plc ("Bookham") (LSE:BHM) (Nasdaq:BKHM), a leading provider of optical, components, modules and subsystems has been selected by Sumitomo Electric Industries (SEI), Ltd. (TSE:5802) to supply critical passive optical components for the company's fiber-to-the-premise (FTTP) broadband systems.
SEI's products are being used in next generation telecommunications access networks for two-way broadband residential video and telephony transport. These products consist of distribution hubs and access terminals that will integrate Bookham's passive optical components into a suite of next generation optical line terminal equipment (OLT) and optical network unit interfaces (ONU).
"We are pleased to have been selected by SEI as the main vendor for their FTTP program," said Conrad Burke, Senior Vice President of Worldwide Sales for Bookham Technology. "We have been working very closely with SEI to develop specific optical passive component solutions for their strategic next generation access platform," he added.
SEI has long been an industry leader for the Japanese FTTP market and has recently been selected by one of the largest regional telephone companies in the US to supply a broad range of solutions for a large scale FTTP rollout.
"We are delighted to be working with an industry leader like Bookham Technology," said Dr. Yoshi Suetsugu, for SEI. "We selected Bookham because of their industry leading thin film filter technology which offers the best technology and cost solution available in the market," he added.
"This is positive news for the optical components market to see two complementary leading vendors like Bookham and SEI working together," said Karen Liu, Director of Optical Component Research at RHK, a leading industry research firm. "The combination of Bookham's leading thin film filters and SEI's FTTP systems history will create a strong presence in the growing FTTP market."
I think it's just following the market. I keep a close eye on JDSU and GLW as well and both are off with no news.
why did it fall this morning do you know?
Your right! Good chart! Good research from your post & chart!
One good NASD swing and possiblly - we'll be moving solidly up into double digits.
the market red greenspan didin
help it any
see what happens after lunch
BKHM and JDSU seemed to be stalled out - both need positive news to get them going.
Followers
|
5
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
126
|
Created
|
03/05/04
|
Type
|
Free
|
Moderators |
http://finance.yahoo.com/q/h?s=BKHM
AND CIENA DEPLOYS BOOKHAMS TL8000 AS PLANNED
CIENA PICKS BOOKHAM .....
Events
Bookham, Inc. supplies optical component solutions for the telecommunications and industrial applications. It designs, manufactures, and markets optical components, modules, and subsystems that generate, detect, amplify, combine, and separate light signals principally for use in fiber optics communications networks. The company?s product portfolio includes discrete transmitters, transceivers, tunable lasers and transmitter modules, receivers, amplifiers, pump laser chips, transponder modules, thin film filters, and transmitter optical assemblies/receiver optical assemblies. It principally sells its optical component products to telecommunications systems vendors, as well as to customers in the data communications, military, aerospace, industrial, and manufacturing industries. The company also designs, manufactures, markets, and sells photonics and microwave solutions for various markets, such as research, semiconductor capital equipment, and the military. It sells two primary families of products in the area of photonics and microwave solutions, which include advanced photonic tools principally used for generating, measuring, moving, manipulating, modulating, and detecting optical signals; and tunable lasers for test and measurement applications. The company sells its products through direct sales force, international sales representatives, resellers, and catalogs in the United Kingdom, China, France, Germany, Switzerland, Canada, Italy, and the United States. Bookham was founded in 1988 and is headquartered in San Jose, California.
Company History
Founded in 1988 as a UK company, Bookham made history as the first company in the world to manufacture components that integrated optical processing functions on a silicon chip using high-volume production methods. In 2004, Bookham redomiciled to the US and is now a publicly traded company on NASDAQ. Bookham designs, manufactures and markets optical components and subsystems that enable broadband communications.
Company History:
In 2002, the company's product portfolio expanded significantly through the acquisition of the optical components businesses of Marconi and Nortel Networks, making Bookham one of the world’s leading providers of fiber optic solutions. As part of the acquisition of Nortel Networks' optical components business, Bookham acquired its site in Zurich, Switzerland. The Zurich facility has been at the forefront of high power Gallium Arsenide (GaAs) laser diodes for over 15 years.
In 2003, the company acquired Cierra Photonics of Santa Rosa, California, a company specializing in thin film filters, and Ignis Optics of San Jose, California who design and manufacture SFP/XFP optical transceivers for datacom applications.
In March 2004, Bookham acquired New Focus, Inc., also based in San Jose, California. New Focus™ is a leading provider of photonics solutions to non-telecom diversified markets, including the semiconductor, defense, research, industrial, biotech/medical, and telecom test and measurement industries.
Bookham acquired Onetta, Inc. in June 2004. Onetta designed and manufactured intelligent Erbium Doped Fiber Amplifiers (EDFAs) for current and next-generation optical communication networks. The Onetta amplifiers incorporated advanced optics, control electronics and firmware to provide leading edge performance.
In March 2006, Bookham acquired Avalon Photonics based in Zurich, Switzerland. Avalon is a leading provider of single-mode and multi-mode Vertical Cavity Surface Emitting Lasers (VCSEL) chips, arrays and subassemblies for sensing and datacom applications.
Gallery View 4: (Full Sto, MACD, Aroon8)
>
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |