The NT deal referred to above was negotiated with a 30% price increase for the last time buy products. An end to that is not a good thing as anything new they are able to sell with be at a much lower margin. In addition, NT is actively working to at least alternate source them to mitigate their dependence on Bookham product. I can only guess how much it upsets NT and CIsco management to hear Giorigo continually refer to them in his quarterly earnings reports.

It comes down to greed for bandwidth. The internet is going to become a video medium, and as it does bandwidth requirements are going to be very large. There is only one technology that can provide this bandwidth and that’s fiber optics. Bookham is the second largest fiber optic component supplier behind JDS Uniphase and can’t keep up with demand now, in the earliest stages of the bandwidth runup.

After September 11 I told anyone who would listen to buy TIE but had to sell my position for the smallest of profits because I needed the money. I learned a powerful lesson I won’t repeat. When I see a resource that is being consumed at an exponential rate, with no alternative technology to steal from its growth, I know its just a matter of time before the companies associated with the material start to make money hand over fist. Fiber optic cables and components are just such a material. I will buy every two weeks for as long as it’s under $5 and thank God people are giving me the opportunity.

Quite simply, you have no idea what your talking about, thanks for the cheap stock.