Newport Corp.NEWP...lasers..semi..mfg...equipment.. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newport Corp.NEWP...lasers..semi..mfg...equipment..

NEWP 3.490

-1.4%

Dec 31 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ET who wrote (69)	9/13/1997 4:15:00 PM
From: jjs64	of 174

Gary; I managed to get in to see NEWP, they were very impressive. The short position is actually a giant "short sale against the box" What happened is that NEWP acquired a company in Minn (I believe) for stock, the owners of that private company then shorted NEWP stock to lock in their gains without creating a taxable event. This sounds reasonable to me. Their presentation was entitled "Evolving Technologies from Research to Industrial Applications" There are issues in Europe because the R&D market there is flat, and they said that Asia is robust. NEWP is focusing on three markets: Semiconductor Equipment (Vibration isolation systems) Computer Peripherals (Optics, Vibration isolation, motion subsystems) Fiber Optic Communications (Fiber pigtailers, Autoaligning bonding workstations, laser diode testing stations) For the first 6 months of 97 these three "strategic segments" accounted for 20.3m in rev, the R&D market was 23.3m and other was 19.3m The strategic segments grew 23% y/y, the other grew 5% and R&D grew 1%. Total sales growth is 8%. -Joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next