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wstera2

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Re: marginnayan post# 17567

Tuesday, 08/20/2002 4:12:27 PM

Tuesday, August 20, 2002 4:12:27 PM

Post# of 704019
The plug got pulled on NEWP...........

Newport Corporation Announces Cost Reduction Plans and Associated Division Reorganization

IRVINE, Calif., Aug. 20, 2002 (PRIMEZONE) -- Citing the protracted downturn in the fiber optic communications market and the current uncertainty with respect to the pace of the recovery in the semiconductor equipment market, Newport Corporation (Nasdaq:NEWP - news) today announced a cost reduction program and a reorganization of its business units geared toward achieving profitability during this period of weak demand........................

http://biz.yahoo.com/pz/020820/30877.html

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