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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: pat mudge who wrote (11874)7/25/2000 11:05:34 PM
From: allen menglin chen  Read Replies (1) | Respond to of 24042
 
JDSU, when to sell your trading shares tomorrow.
wallstreetstand.com

(Don't play the same game on PALM, since SPX funds have the PALM from COMS distributions. And they don't need to buy them @ the open market).



To: pat mudge who wrote (11874)7/25/2000 11:09:18 PM
From: PLeaps  Read Replies (1) | Respond to of 24042
 
New Focus to File for Public Offering

TUESDAY, JULY 25, 2000 4:59:00 PM EST
SANTA CLARA, Calif., Jul 25, 2000 /PRNewswire via COMTEX/ -- New Focus, Inc. NUFO today announced that the company intends to file a registration statement with the Securities and Exchange Commission at the end of this week for a public offering of up to 3,500,000 shares of common stock. Up to 500,000 shares of this total may be offered by certain shareholders of the company. The company will not receive proceeds from any shares sold by the selling shareholders. The company will use the net proceeds for general corporate purposes, including working capital, capital expenditures, and potential acquisitions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About New Focus

New Focus, Inc. designs, manufactures and markets innovative fiber-optic products for next-generation optical networks. The company's Smart Optics for Networks(TM) products enhance the performance of next-generation optical networks by enabling higher channel counts, faster data rates, longer reach lengths, new service capabilities, and lower costs of ownership. Founded in 1990, the company remains a leader in the creation of advanced optical products for the commercial and research marketplaces. With over 900 worldwide employees, the company is headquartered in Santa Clara, California and has operations in San Jose, California, Madison, Wisconsin, and Shenzhen, Peoples Republic of China.



To: pat mudge who wrote (11874)7/25/2000 11:14:07 PM
From: PLeaps  Read Replies (1) | Respond to of 24042
 
NUFO Business Outlook:

"Based on our order backlog and expanded manufacturing capacity, we believe that the company will experience solid sequential growth between the second and third quarters. The incremental revenue will most likely be derived from our passive fiber optic products. Our first manufacturing facility in Shenzhen began limited production of passives in June. Volume shipments from this new 20,000 square-foot facility remain dependent on the timing of site qualifications by our customers. We believe that initial customer shipments from this site should commence in early August based on the current status of these qualifications," said Westrick.

"To support higher anticipated revenues in the future, we will accelerate manufacturing overhead spending to build the proper infrastructure for our rapidly growing worldwide operations. This additional spending will dampen the favorable impact of expected improvements in manufacturing efficiencies on our fiber optic products, thus affecting the rate of improvement in our gross margin percentage for the near term. Operating expenses, excluding deferred stock compensation charges, will also expand this quarter, particularly for research and development. Additionally, in response to strong customer demand we will increase our capital spending significantly during the second half of this year to further accelerate the growth of our manufacturing capacity," said Westrick.

The company is expanding its manufacturing capacity in multiple locations. In addition to its smaller first Shenzhen facility, the company secured in April 2000 a second Shenzhen factory site with total floor space of 250,000 square feet. The company has already begun the first phase of construction that will fit up approximately one-half of the floor space in this shell facility. Approximately 70,000 square feet of manufacturing space is scheduled for completion before the end of 2000. Production is expected to start in a portion of this space in the fourth quarter. The company also expects to move its corporate headquarters and add additional manufacturing capacity in a 130,000 square-foot building in San Jose, California in late 2000 or early 2001.