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ORANGE COUNTY BRIEFLY

Newport Corp. Plans Stock Repurchase

June 02, 1997|Dow Jones

IRVINE — Newport Corp.'s board approved the repurchase of an additional 200,000 shares for stock options and employee stock purchase plans. The board previously approved the repurchase of 90,000 shares.

Newport said it has repurchased 76,000 shares so far. As of March 31, the company had 8.9 million shares outstanding.

Newport Corp. designs precision instruments and mechanical components used in fiber optic communications, semiconductor equipment, computer peripherals and scientific research.

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