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Technology Stocks : Optical Networks and Components, DWDM and Tunable Lasers

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To: J Fieb who wrote (225)	4/13/2000 9:49:00 AM
From: J Fieb	Read Replies (1) of 275

and be the place to put $$. Newport strong Newport Profit More Than Triples IRVINE, Calif. (Reuters) - High-precision components maker Newport Corp. (NasdaqNM:NEWP - news) on Thursday said its first-quarter profit more than tripled, easily beating expectations, as sales to the optical communications and semiconductor equipment markets soared. Newport said its profit rose to $3 million, or 30 cents per share, in the quarter ended March 31, from $914,000, or 10 cents per share, a year earlier. Speak your mind Discuss this story with other people. [Start a Conversation] (Requires Yahoo! Messenger) Wall Street analysts had been expecting the company to report a profit of 24 cents per share, according to research firm First Call/Thomson Financial. Overall sales rose 55 percent to $45.6 million from $29.5 million. Sales to the fiber optic communications market more than tripled to $16.7 million and sales to chip makers rose 150 percent to $5.7 million. Looking ahead, Newport said it expects revenue in the second quarter to rise sequentially from the first quarter on the strength of its current backlog and anticipated strength in the optical and chip-making markets. Gross margins are expected to be within its historical range.

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