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Fiber Communications/Semiconductor Sales Set Records at Newport

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IRVINE, Calif., July 17 -- Due to large increases in fiber optics communications and semiconductor equipment sales, Newport Corp. -- a manufacturer, marketer and designer of high precision tools to a variety of high-tech markets -- had its best-ever results for the second quarter and six-month periods ended June 30. Net income for this year's second quarter was $4.2 million, or $0.14 per diluted share, compared with $2.1 million, or $0.07 per diluted share for the same 1999 period. Sales jumped from $35.6 million in the second quarter of 1999 to $51.7 million in this...Read full article

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    Published: July 2000
    Communicationsfiber opticsNews & Features

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