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To: Frederick Langford who wrote (1830)	10/22/2002 10:13:02 PM
From: Frederick Langford	of 1854

15:15 ET Newport breaking to lows of day on earnings report (NEWP) 11.30 -1.26: Co reports a Q3 loss from continuing operations of $1.55 per share. The results include an inventory reserve charge of $1.13 per share and valuation reserve charge of $0.40. Excluding these items, the Q3 loss appears to be $0.02, which would be in line with consensus. Sales were $45.5 mln vs consensus of $45.2 mln. For Q4, co sees sales of $32-$36 mln (consensus $45.65 mln). Attributes Q4 outlook to low recent order intake levels, the impact of recent order cancellations and the apparent delay in the semi industry recovery.

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