September 25, 1992
Newport Corp., which reported Wednesday that it lost $14 million for its latest fiscal year, confirmed Thursday that it laid off 150 workers in the spring and summer. Most of the loss piled up when the company, a maker of laser research equipment, closed down five buildings in Fountain Valley, where it was founded, and moved its headquarters and factories in August to a single building in Irvine. The move is expected to save money eventually.
June 6, 1992 |
Newport Corp., citing restructuring costs and a slowdown in orders for its precision laser equipment, said Friday that it lost $12.3 million, or $1.86 a share, for its fiscal third quarter, which ended April 30. The company's first quarterly loss in a dozen years contrasts with net income of $2.6 million, or 14 cents a share, in last year's fiscal third quarter. Revenue rose 60% to $24.2 million from $14.8 million, mainly because of an acquisition.
December 19, 2000 |
Newport Corp. said Monday it acquired CE Johansson AB, a Swedish-based metrology systems supplier. Terms weren't disclosed. Newport, an Irvine maker of equipment used to build semiconductors and fiber-optic parts, said previously it plans to make acquisitions to broaden its line of test, measurement and automation products. Newport said CE Johansson is expected to log sales of about $18 million for the year.
July 10, 2001 |
Newport Corp., which makes equipment used to produce semiconductors and fiber-optic parts, said Monday that it laid off 182 workers, or 10% of its staff, as customers cut their spending on new manufacturing tools. About half the Irvine company's dismissals will come at its plants in Irvine and Garden Grove. New orders for its test, measurement and automation equipment slumped as customers such as Nortel Networks Corp., JDS Uniphase Corp. and Corning Inc.
July 2, 1991
Newport Corp., a maker of precision instruments for scientists and engineers, said Monday that it has completed the purchase of the non-French subsidiaries of Micro-Controle S.A. The acquisition includes U.S.-based Klinger Scientific Corp. The deal, first announced in March, is the first step in the acquisition of Micro-Controle's industrial precision instruments business. The second step, the acquisition of the firm's European units, is expected to be completed within two months.
July 6, 2000 |
Newport Corp. said it received orders totaling more than $7 million for high-precision optical products from three undisclosed semiconductor capital-equipment companies. But the Irvine company's stock, which has been soaring this year, slumped $16.31 a share, or 14.5%, to $96.13 in Nasdaq trading. Despite that decline, the stock has moved up more than sixfold so far this year. Newport makes precision components.
November 5, 1992
The State of Wisconsin Investment Board sold 57,000 shares of Irvine-based Newport Corp. and now holds less than a 5% stake in the laser and electric-optical equipment manufacturer. The board, which manages retirement funds for Wisconsin state employees, sold the shares between Aug. 19 and Oct. 6 for $4.13 to $5.25 each, according to a Securities and Exchange Commission filing.
May 25, 2000 |
Newport Corp. said Wednesday it has increased its unsecured credit line with ABN Amro Bank NV to $40 million from $25 million. The credit line will be used for making acquisitions, developing and enhancing products and expanding facilities, said the Irvine company, which makes high-precision testing and automated assembly equipment for manufacturing, engineering and research. Newport's stock closed at $130.38, off $3.69 a share, in Nasdaq trading.
March 1, 1991
Newport Corp., a maker of laser and optical instruments based in Fountain Valley, said Thursday it has acquired 29% of ILX Light- wave Corp. in Bozeman, Mont., for less than $5 million. Precise terms of the deal were not disclosed. The agreement forms a strategic alliance between the two companies and positions Newport to participate in the laser instrumentation field, said Dean Hodges, senior vice president of Newport.
March 5, 1991 |
Newport Corp. said Monday that it will pay $70 million in cash to acquire certain assets of a French industrial instruments manufacturer in a deal that will double the size of the Fountain Valley firm. Newport Corp.'s Dutch subsidiary will acquire Micro-Controle S.A.'s mechanical instrumentation unit, which makes products for the semiconductor industry and other businesses, as well as for Micro-Controle's own microscope and precision materials divisions, and certain design and sales offices.