Oh here the news for NEWP weakness , they are terminating stock repurchase program:
Newport Terminates Stock Repurchase Program
IRVINE, Calif., Aug 29, 2000 (BUSINESS WIRE) -- Newport Corp. (Nasdaq:NEWP)
today announced the termination of its stock repurchase program.
In 1997, Newport announced a stock repurchase program for up to 1,920,000 shares
on a post-split basis. Through August 1999, the company has repurchased
1,717,500 shares on a post-split basis. No additional shares have been
repurchased since August last year.
Newport is a global leader in the design, manufacture and marketing of
high-precision components, instruments and integrated systems to the fiber optic
communications, semiconductor equipment, computer peripherals and scientific
research markets.
The company's innovative products are designed to enhance productivity and
capabilities of test and measurement and automated assembly for precision
manufacturing, engineering and research applications.
Customers include Fortune 500 corporations, technology companies and research
laboratories in commercial, academic and government sectors worldwide.
CONTACT: Newport Corp., Irvine
Robert C. Hewitt, 949/253-1405
E-mail: investor@newport.com
Web site: www.newport.com
or
Pondel/Wilkinson Group
Cecilia A. Wilkinson/Mike Pollock, 310/207-9300
E-mail: investor@pondel.com |
