New Focus, Inc. (NUFO) Message Board

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Technology Stocks : New Focus, Inc. (NUFO)

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To: pat mudge who wrote (375)	4/25/2001 4:41:12 PM
From: Kayaker	Read Replies (1) of 475

4:37pm 04/25/01 New Focus reports and takes steps (NUFO) By Barbara C. Costanza New Focus (NUFO) posted first-quarter revenue of $40.8 million, with a net loss of $2.8 million, or 4 cents a share, excluding one-time items and amortization. Analysts had been expecting a loss of 2 cents a share. In the fourth-quarter, net income totaled $2.6 million, or 4 cents a share, on revenue of about $33.9 million. The company noted the first quarter was hurt by the continuing inventory correction cycle in its industry. Revenue for the second quarter is expected to be between $28 million and $32 million. In addition to actions taken in March, the company said it would resize its operations, which includes closure and consolidation of two smaller facilities and additional work force reductions in its U.S. and China operations. Shares closed down 83 cents to $16.34. cbs.marketwatch.com;

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