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To: Rande Is who wrote (33735)	9/5/2000 9:43:07 AM
From: JLS	Read Replies (1) of 57584

Another downgrade, NEWP RESEARCH ALERT-ABN AMRO downgrades Newport (Reuters, 09/5/2000 08:50) CHICAGO, Sept 5 (Reuters) - ABN AMRO said Tuesday that it has lowered its rating on technology equipment company Newport Corp. (NASDAQ:NEWP) to outperform from buy, saying the stock, which has risen sharply this year, has become somewhat overvalued. -- ABN AMRO said that it still had a bullish outlook on Irvine, Calif.-based Newport and raised its 2000 earnings estimate to 71 cents a share from 69, which compares with 29 cents a share a year ago. The 2001 estimate was raised to $1.14 from $1.09. -- ABN AMRO also raised its price target on Newport to $149 from $133. -- Newport shares closed Friday at $168-15/16. The stock has a 52-week high of $171-12/16 and a low of $5-5/16. chicago.equities.newsroom@reuters.com)) Copyright 2000, Reuters News Service

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