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Strategies & Market Trends : Sharck Soup

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To: Softechie who wrote (34860)	9/10/2001 4:23:32 PM
From: Teri Garner	of 37746

Newport Corp (NEWP) 14.79 -1.11: Company announces it will cut 350-375 jobs, including the 180-200 cuts announced in July to bring the total workforce reduction to 20%; expects to take $38.5 mln charge in Q3, exceeding the $6-$10 mln range previously forecast; warns of revenues in the range of $58-$62 mln versus the consensus estimate of $72 mln; see press release.

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