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Deposition Sciences Inc. - Difficult Coatings - LB - 8/23

New Focus Announces Results, Restructuring Plan

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SAN JOSE, Calif., April 27 -- New Focus Inc., a supplier of fiber optic products, announced financial results for its first quarter ended April 1. The results included net revenue that met the revised guidance issued by the company on March 5 and a substantial charge for inventory write-downs and related charges that widened the company's operating loss. The pro forma net loss in the first quarter of 2001, excluding amortization of acquired intangibles, deferred compensation and related income tax effects, was $31.3 million, or $0.44 per share based on 70.5 million basic shares outstanding...Read full article

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    Published: April 2001
    CommunicationsNews & Features

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