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Technology Stocks : New Focus, Inc. (NUFO)

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To: RMP who wrote (313)3/5/2001 6:32:10 PM
From: pat mudge  Read Replies (1) of 475
 
biz.yahoo.com

Fiber optic components maker New Focus Inc. (NasdaqNM:NUFO - news) said on Monday it will lay off about 22 percent of its workforce in China and 8 percent of its U.S. workers amid recent order cancellations that prompted the company to lower revenue forecasts.

San Jose, Calif.-based New Focus said it will lay off 260 of its 1,200 workers in Shenzhen, China, and 70 of its 900 workers in the United States.
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