Avanex Corporation (NASDAQ:AVNX) a pioneering provider of intelligent photonic solutions that enable next-generation optical networks, announced that its financial statements for the fiscal year ended June 30, 2008, included in the Registration Statement on Form S-4 of Bookham, Inc., as filed with the Securities and Exchange Commission on February 26, 2009, contain a going concern qualification from its independent registered public accounting firm. This announcement is being made in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), which requires separate disclosure of a recent audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's June 30, 2008 or December 31, 2008 financial statements or to its Annual Report on Form 10-K or Quarterly Report on Form 10-Q for those fiscal periods, respectively.

About Avanex

Avanex Corporation is a leading global provider of Intelligent Photonic Solutions(TM) to meet the needs of fiber optic communications networks for greater capacity, longer distance transmissions, improved connectivity, higher speeds and lower costs. These solutions enable or enhance optical wavelength multiplexing, dispersion compensation, switching and routing, transmission, amplification, and include network-managed subsystems. Avanex Corporation was incorporated in 1997 and is headquartered in Fremont, California. Avanex Corporation also maintains facilities in Horseheads, New York; Shanghai, China; Villebon Sur Yvette, France; San Donato, Italy; and Bangkok, Thailand.

Avanex Corporation
Mark Weinswig, +1 510-897-4188
Interim Chief Financial Officer
ir@avanex.com