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Newport Corporation Reports Non-cash Goodwill And Intangible Asset Impairment Charge For Q4 2012

Stocks in this article: NEWP

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SAFE HARBOR STATEMENT

This news release contains forward-looking statements, including without limitation statements regarding the expected amount of the impairment charge and its impact on Newport's business and financial performance, the anticipated amount of amortization expense in 2013, its expectation of strategic value, growth opportunities and financial operating synergies from the Ophir acquisition in the future, its expectation of stronger financial results from Ophir in future periods, and Newport's expected financial results for the fourth quarter of 2012.  Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements.  Assumptions relating to the foregoing involve judgments and risks with respect to, among other things, Newport's ability to achieve expected benefits from the integration of Ophir Optronics and its other cost savings initiatives; the strength of business conditions in the industries Newport serves, particularly the semiconductor and defense/security industries; Newport's ability to successfully penetrate and increase sales to its targeted end markets; the levels of private and governmental research funding worldwide; potential order cancellations and push-outs; future economic, competitive and market conditions, including those in Europe and Asia and those related to its strategic markets; whether its products will continue to achieve customer acceptance; and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of Newport.  Certain of these judgments and risks are discussed in more detail in Newport's periodic reports filed with the Securities and Exchange Commission.  Although Newport believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Newport or any other person that Newport's objectives or plans will be achieved.  Newport undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact: Charles F. Cargile, 949/863-3144Newport Corporation, Irvine, CA investor@newport.comor Rob Fink, 212/896-1206KCSA Strategic Communications newport@kcsa.com

SOURCE Newport Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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