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Technology Stocks : SDLI - JDSU transition
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To: pat mudge who wrote (556)3/5/2001 7:50:49 PM
From: szabel  Read Replies (1) of 3294
 
New Focus (NUFO:Nasdaq - news) tumbled 20.3% to $11.31 on Instinet after the fiber-optics maker announced it was cutting 22% of its workforce in China as well as 8% of jobs in the U.S. The stock lost 20.3% to $16.94 on Island activity.

The San Jose, Calif., company also guided down its 2001 revenue outlook of $170 million to $190 million, from its previous forecast of $240 million, citing recent order cancellations.
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