News

7 July 2008

 

Bookham joins Russell 3000 index

Optical component, module and subsystem maker Bookham Inc of San Jose, CA, USA has joined the broad-market Russell 3000 index, which remains in place for one year and also means automatic inclusion in the small-cap Russell 2000 Index.

The Russell 3000 Index measures the performance of the 3000 largest US companies based on total market capitalization, which represents about 98% of the investable US equity market, according to Russell Investments.

“This achievement is a direct reflection of the progress we have made in improving our financial performance the past year,” says president and CEO Alain Couder. “Looking forward, we continue to believe Bookham’s continued growth and improvements will result in positive cash flow from operations before the end of this calendar year and profitable growth over the long-term,” he adds. “Inclusion in this index should increase Bookham’s visibility with investors, and potentially lead to a broader shareholder base during a period when we expect our overall business to expand.”

Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.

See related item:

Bookham’s tunable product growth hits constraints

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