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(From FT Investor (Stories))
LONDON (FT.com) - Bookham's deal with Nortel looks promising but it needs to deliver on the tough challenge it has set itself, the UK press concludes.
The Financial Times's Lex column
Equity research: "More likely, however, is that equity research would go the same way as bond research: into the hands of a small coterie of dominant rating agencies."
Bookham/ Nortel : "The GBP50m quarterly breakeven is still higher than the combined companies' second quarter optical revenues. The challenge, and risks, is bigger than last time."
Burhmann : "The uncertain trading outlook and management's loss of credibility mean the shares will appeal only to the brave."
Automobile parts: "If the Japanese carmakers decided to extend their warranties on cars sold in Europe, it could end the parts bonanza."