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Newport Corporation (fka NEWP) RSS Feed

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1791 Deere Avenue Irvine, CA 92606 United States - Map Phone: 949-863-3144 Fax: 949-253-1671 www.newport.com Estimated Market Cap As of June 30, 2007, the aggregate market value of the common stock held by non-affiliates of the registrant was approximately $585.3 million, calculated based upon the closing price of the registrant’s common stock as reported by the NASDAQ Global Market on such date. Outstanding Shares As of March 5, 2008, 35,937,226 shares of the registrant’s sole class of common stock were outstanding. Number of Share Holders of Record 1,000 as of Mar 14, 2007 Transfer Agent: American Stock Transfer & Trust Company, 59 Maiden Lane New York, NY 10038 Newport Corporation engages in the development, manufacture, and marketing of technology products and systems worldwide. It operates in two divisions, Lasers, and Photonics and Precision Technologies (PPT). The Lasers division offers ultra fast lasers and amplifiers, diode-pumped solid-state lasers, diode lasers, pulsed lasers, tunable lasers, air-cooled ion lasers, water-cooled ion lasers, and nitrogen lasers. The PPT division manufactures integrated systems and subsystems comprising photonics, precision micro-positioning, vibration isolation, optics and opto-mechanical components, and instrumentation and systems; and thin-film optical filters, ruled and holographic diffraction gratings, and crystal, as well as light sources, monochromators, and spectroscopy instrumentation. This segment also offers systems for applications in the packaging of communications and electronic devices, including the manufacture of microwave, optical, radio frequency, and multi-chip modules. Newport Corporation markets and sells its products to original equipment manufacturer and end-user customers through its sales organizations, independent distributors, and sales representatives, as well as through catalogs and Web site. It serves scientific research, microelectronics, life and health sciences, aerospace and defense/security, industrial manufacturing, marking, and engraving markets. The company was founded in 1938 and is headquartered in Irvine, California. We are a global supplier of advanced technology products and systems to a wide range of industries, including scientific research, microelectronics, aerospace and defense/security, life and health sciences, and industrial manufacturing. We provide a broad portfolio of products to customers in these end markets, allowing us to offer them an end-to-end resource for products that make, manage and measure light. As the demands of research and commercial applications for higher precision and miniaturization continue to increase, photonics, the science and technology of making, managing and measuring light, has become a key enabling technology, permitting researchers and commercial users to perform tasks that cannot be accomplished by existing electrical, mechanical or chemical processes. In addition, in markets such as microelectronics and life and health sciences, photonics technology is replacing these current processes in a number of applications it can accomplish faster, better or more economically. We provide a wide range of products designed to enhance the capabilities and productivity of our customers’ photonics and other precision applications, including: • lasers and laser technology, including solid-state, gas and dye lasers, high-power diode lasers, fiber lasers and amplifiers, and ultrafast laser systems; • optical components and subassemblies, including precision optics and opto-mechanical subassemblies, thin-film optical filters, ruled and holographic diffraction gratings and crystals; • photonics instruments and components, including optical meters, light sources, monochromators and spectroscopy instrumentation; • high-precision positioning and vibration isolation products and systems; and • advanced automated manufacturing systems used in the manufacture of communications and electronics devices. In addition to our individual product offerings, we have significant expertise in integrating our products into systems and subsystems that are engineered to meet our customers’ specific application requirements. We believe that our ability to develop and manufacture these integrated solutions, together with our broader portfolio of products and technologies, gives us a significant competitive advantage over our competitors. For over four decades, we have serviced the needs of research laboratories for precision equipment. We have acquired a number of companies, which has led to the expansion of our product offerings, technology base and geographic presence and has allowed us to evolve from a provider of discrete components and instruments primarily for research applications to a company that manufactures both components and integrated systems for both research and commercial applications. In February 2002, we acquired Micro Robotics Systems, Inc. (MRSI), a manufacturer of high-precision, fully-automated assembly and dispensing systems for back-end packaging applications in the semiconductor, microwave communications and fiber optic communications industries. MRSI has significant expertise in the design and manufacture of automated high-precision manufacturing systems. During the past two years, MRSI has focused its development efforts on automated laser-based manufacturing systems, particularly for disk drive and photovoltaic module manufacturing applications. MRSI is now part of our Photonics and Precision Technologies (PPT) Division. In July 2004, we acquired Spectra-Physics, Inc. and certain related entities (collectively, Spectra-Physics). This acquisition significantly increased the scope of our expertise and product offerings in our target customer end markets, adding to our product portfolio solid-state, gas and dye lasers, high-power diode lasers, and ultrafast laser systems, as well as photonics instruments and components, including light sources, monochromators, spectroscopy instrumentation, optical filters, ruled and holographic diffraction gratings and crystals. This acquisition approximately doubled our size with respect to revenue, number of employees and facilities. At the time of the acquisition, we established Spectra-Physics’ laser and laser-related technology business as our Lasers Division, and we combined Spectra-Physics’ photonics businesses with the existing businesses that comprised our former Industrial and Scientific Technologies Division to create our PPT Division. Following the acquisition of Spectra-Physics, we conducted a strategic review of all of our businesses and concluded that our robotic systems operations in Richmond, California, which served the front-end semiconductor equipment industry with product lines including wafer-handling robots, load ports and equipment front-end modules, were no longer core to our overall strategy. Consequently, in the first quarter of 2005, our Board of Directors approved a plan to sell these operations. At that time, we classified our robotic systems operations as discontinued operations. We completed the sale of these operations in December 2005. The robotic systems operations represented a substantial portion of our former Advanced Packaging and Automation Systems (APAS) Division. As a result of our decision to divest these operations, we realigned our business segments to include all remaining operations of our former APAS Division within our PPT Division. Accordingly, our operations are now conducted through two divisions, our Lasers Division and our PPT Division. We will continue to pursue acquisitions of companies, technologies and complementary product lines that we believe will further our strategic objectives. Conversely, from time to time, we review our different businesses, including our acquired companies, to ensure that they are key to our strategic plans, and close or divest businesses that we determine are no longer of strategic importance. Management: Mr. Robert J. Phillippy , 47 Chief Exec. Officer, Pres, Chief Operating Officer $ 615K Mr. Charles F. Cargile , 43 Chief Financial Officer, Sr. VP and Treasurer $ 611K Mr. Jeffrey B. Coyne Esq., 41 Sr. VP, Corp. Sec. and Gen. Counsel Mr. Gary J. Spiegel , 57 VP of Worldwide Sales & Service $ 439k Mr. Leif A. Alexandersson , 54 VP of Strategic Marketing & Bus. Devel. Ownership: http://finance.yahoo.com/q/mh?s=NEWP Insider transactions: http://finance.yahoo.com/q/it?s=NEWP Spectra Physics facility King Capital Investment Group http://kingcapital.tripod.com
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