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Technology Stocks : Newport Corp.NEWP...lasers..semi..mfg...equipment..
NEWP 2.175+3.6%3:59 PM EDT
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To: techanalyst1 who wrote (168)9/10/2001 12:16:24 AM
From: D.Austin  Read Replies (1) of 174
 
Helloooooo tech 60% of Newports sales in 2000 and 34% in 99
were fiber-optics.The acquisitions that were made Oct 1999
of West Coast from Corning,Unique Equipment in Aug 2000 and
Kensington Labs in Feb 2001.All to further solutions in guess what the "F" word,fiber.
With the world awash in fiber,now apparent.Global Crossing,Level 3,Quest and 360degree Networks.Look where laying 100 million miles of fiber and spending hundreds of
millions of dollars got them.Some near bankruptcy and will probably never recover.
Their cash on hand is a positive but falling out of favor is not.
cheers Dennis
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