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Technology Stocks : Newport Corporation (NasdaqNM:NEWP)
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To: pennycash who wrote (29)7/6/2000 2:30:05 PM
From: pennycash  Read Replies (1) of 45
 
USE OF PROCEEDS (from secondary)

We expect to receive net proceeds from the sale of the 3,000,000 shares of common stock offered by us in this offering at an assumed public offering price of $96.125 per share, after deducting estimated underwriting discounts and commissions and estimated offering expenses, of approximately $273.3 million (approximately $315.7 million if the underwriters' over-allotment option is exercised in full) and proceeds of $0.2 million from the exercise of 100,000 stock options by the selling stockholders. We will not receive any proceeds from the sale of the 100,000 shares of common stock by the selling stockholders.
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