Bookham and Avanex to merge

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Bookham and Avanex are to merge, with the combined company becoming a major player in the telecoms market.

The combined company will be led by Alain Couder who will serve as president and CEO. The company is expected to have two telecom divisions and one non-telecom division. The board of directors will be composed of Alain Couder and three additional directors from the Bookham board, and Giovanni Barbarossa and two additional directors from the Avanex board.