Bookham, the San Jose maker of optical components, said in a filing today it has settled litigation it had set in motion last year when it asked a federal court in San Jose and the International Trade Commission to declare invalid three patents held by JDS Uniphase related to tunable laser products.
As a result of the settlement, Bookham will pay Read the rest of this entry »
The compensation committee for Bookham, the San Jose optical component firm that decided in January to pay performance-based bonuses to five of its top executives despite the fact that they didn’t achieve their goals, has now decided to reduce the pay of all of its executives by “approximately ten percent,” according to a filing today with the SEC.
The pay cuts will start April 1, and shall “remain in effect until Read the rest of this entry »
Bookham, the San Jose optical component firm that yesterday announced an agreement to merge with its Fremont riva, Avanex, reported to the SEC today that the compensation committee of its board of directors last week approved the payment of performance-based bonuses to five of its top executives despite the fact that the performance goals on which they were based were not met.
The performance period in question was the six month period ended Dec. 27. For the executives to receive a bonus under the plan, the company was to achieve Read the rest of this entry »
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