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Technology Stocks : New Focus, Inc. (NUFO)

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To: Kayaker who wrote (182)	1/30/2001 11:00:42 PM
From: Kayaker	Read Replies (1) of 475

New Focus raises guidance sharply, shares jump (UPDATE: Adds background, updates share price) SAN JOSE, Calif., Jan 30 (Reuters) - New Focus Inc. (NasdaqNM:NUFO - news) on Tuesday reported quarterly earnings that shot past expectations and raised its forecast for revenues in the coming year by 60 percent because of strong demand for its optical networking products. New Focus shares shot higher in reaction to the stronger-than-expected results. The stock was bid at $54-8/8 on the Instinet system, a gain of more than 10 percent in after hours trade from the Nasdaq close.... biz.yahoo.com New Focus reports, raises estimate By Barbara C. Costanza, CBS.MarketWatch.com (no relation to George) Last Update: 7:51 PM ET Jan 30, 2001 Newswatch Latest Headlines Get Alerted SAN JOSE, Calif., (CBS.MW) - New Focus reported fourth-quarter earnings Tuesday that exceed the analysts' estimates and raised its revenue projection for fiscal 2001.... www2.marketwatch.com

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