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Richard E Schmidt

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BUSINESS
September 5, 1991
Newport Corp., a manufacturer of precision laboratory equipment, said Wednesday it has selected Richard E. Schmidt as chairman and chief executive officer. Schmidt, 59, was hired to strengthen Newport's management as it doubles in size by acquiring a French company, Micro-Controle S.A., in a $45-million buyout expected to be completed by the end of September, Newport President Thomas A. Galantowicz said.
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BUSINESS
September 5, 1991
Newport Corp., a manufacturer of precision laboratory equipment, said Wednesday it has selected Richard E. Schmidt as chairman and chief executive officer. Schmidt, 59, was hired to strengthen Newport's management as it doubles in size by acquiring a French company, Micro-Controle S.A., in a $45-million buyout expected to be completed by the end of September, Newport President Thomas A. Galantowicz said.
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BUSINESS
December 4, 1991
Newport Corp., the Fountain Valley manufacturer of laboratory equipment, reported fiscal 1992 first-quarter net income of $161,000, or 2 cents per share, compared to $540,000, or 8 cents per share, a year earlier. Sales for the quarter ended Oct. 31 rose 16% to $17.3 million from $14.9 million. Sales for the period were higher due to inclusion of part of the revenue of an acquisition made in June. Richard E.
BUSINESS
June 6, 1992 | TED JOHNSON
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.
BUSINESS
February 28, 1995
Edmund K. Langley has been elected president of Newport Corp., an Irvine manufacturer of equipment for laser and optics technology development. He succeeds Richard E. Schmidt, who continues as chairman and chief executive. Langley joined the company as executive vice president and chief operating officer in April. Before that, he was vice president and general manager of the OEM Products division of Schuller International Inc. in Denver and chief executive of Norton Opax Inc. in Baltimore.
BUSINESS
December 2, 1992 | TOM McQUEENEY, SPECIAL TO THE TIMES
Newport Corp. reported Tuesday that it lost $713,000, or 10 cents a share, for its latest fiscal quarter. That contrasted with a profit of $155,000, or 2 cents a share, for the same period a year earlier. Revenue for the company's first fiscal quarter, which ended Oct. 31, was $21.9 million, up more than 26% from $17.3 million for the same period last year.
BUSINESS
June 8, 1997
* Robert G. Deuster, president and chief executive of Newport Corp., has assumed the additional position of chairman. He succeeds Richard E. Schmidt, who will remain on the board. Deuster joined Newport as president and chief executive in May 1996. He was formerly a senior executive with Applied Power Inc. in Milwaukee. Newport Corp.
BUSINESS
October 12, 1992 | Researched by DALLAS M. JACKSON / Los Angeles Times
Nature of Business: Develops, manufactures and markets precision laboratory equipment Total employees: 750 In Orange County: 275 Stock listing in The Times: On NASDAQ "Newpt" Ticker Symbol: "NEWP" Friday's Close: $4.38 One-week Change: Up $0.13 Analyst Review: "Newport Corp. recently acquired the French company, Micro-Controle, and incurred substantial one-time restructuring charges in fiscal '92.
BUSINESS
June 4, 1995
How the Survey Was Conducted To compute compensation, The Times counts the executive's salary and bonus, the stated value of stock options granted during the year, the value of stock awards, and any long-term or annual compensation--usually listed as "other" compensation in corporate reports but including car allowances, insurance premiums, retirement plan contributions, special consulting or director fees and loan forgiveness and other special arrangements that benefit the executive.
BUSINESS
May 10, 1996
* Dale Dowers has been named chief executive of Capital Pacific Holdings Inc., a Newport Beach home builder. He succeeds Hadi Makarechian, who will retain his position as chairman. Dowers has been chief operating officer since 1992 and president since 1993. * Jack Elgin has joined Unocal Corp.'s 76 Products Co. in Costa Mesa as vice president, finance. Before joining the company, he was senior vice president and chief financial officer for Thrifty Oil Co.
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