New Focus to File for Public Offering
TUESDAY, JULY 25, 2000 4:59:00 PM EST
SANTA CLARA, Calif., Jul 25, 2000 /PRNewswire via COMTEX/ -- New Focus, Inc. NUFO today announced that the company intends to file a registration statement with the Securities and Exchange Commission at the end of this week for a public offering of up to 3,500,000 shares of common stock. Up to 500,000 shares of this total may be offered by certain shareholders of the company. The company will not receive proceeds from any shares sold by the selling shareholders. The company will use the net proceeds for general corporate purposes, including working capital, capital expenditures, and potential acquisitions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About New Focus
New Focus, Inc. designs, manufactures and markets innovative fiber-optic products for next-generation optical networks. The company's Smart Optics for Networks(TM) products enhance the performance of next-generation optical networks by enabling higher channel counts, faster data rates, longer reach lengths, new service capabilities, and lower costs of ownership. Founded in 1990, the company remains a leader in the creation of advanced optical products for the commercial and research marketplaces. With over 900 worldwide employees, the company is headquartered in Santa Clara, California and has operations in San Jose, California, Madison, Wisconsin, and Shenzhen, Peoples Republic of China. |
