New Focus Announces Organizational Change and Reaffirms First Quarter Net Revenue Guidance

Paul G. Smith, Vice President and General Manager, to Depart



Apr 02, 2001, 01:00 ET from New Focus, Inc.

    SAN JOSE, Calif., April 2 /PRNewswire/ -- New Focus, Inc., (Nasdaq:   NUFO),
 a leading supplier of innovative fiber optic products for next-generation
 optical networks under the Smart Optics for Networks(TM) brand, today
 announced the departure of Paul G. Smith, vice president and general manager
 for a portion of the company's telecom business. Smith is leaving to become
 president and chief executive officer of a privately held, venture-backed
 telecom systems company in San Jose.  The company also indicated that net
 revenue for the first quarter ended April 1, 2001 should fall within the
 $38-41 million range announced in early March.
     "Paul has been a significant contributor to the success of New Focus. We
 wish him all the best and thank him for his dedication and support over the
 past three years," said Kenneth E. Westrick, president and chief executive
 officer of New Focus, Inc.
     Effectively immediately, Westrick will assume responsibility for Smith's
 sales and marketing functions on an interim basis. Dr. Timothy Day, vice
 president, chief technology officer and co-founder, will expand his role and
 directly lead the company's research and development efforts. Previously, Day
 focused on the company's strategic technology initiatives and acted in an
 advisory capacity on research and development programs across the company.
     "I am now taking a more direct and active role in guiding the company's
 sales and marketing activities, especially in our telecom business. Similarly,
 Tim is now directly responsible for development efforts in all product areas.
 This organization structure should allow us to focus our efforts and balance
 resources more effectively across the company. Managing spending levels is
 critical in this uncertain market environment and this realignment of
 responsibilities should help in this regard. We will, however, continue to
 fully fund product programs, such as our tunable laser subsystem for network
 applications, that address the needs of next-generation optical networks,"
 said Westrick.
     The company will announce its first quarter financial results on April 25,
 2001 after the market closes.
 
     Forward-Looking Statements:
     This press release contains predictions, estimates and other
 forward-looking statements regarding the company's expected net revenue for
 the first quarter of 2001 and the company's ability to focus and balance
 resources more effectively, to manage spending levels, and to deliver
 innovative products for next-generation optical networks. These statements are
 subject to risks and uncertainties and actual results may differ materially
 from any future performance suggested. The risks and uncertainties include any
 accounting adjustments made during quarter close, the ability of current
 management to effectively manage a broader scope of responsibilities, the
 company's ability to hire additional sales and marketing professionals, the
 company's ability to maintain a staff of highly qualified engineers, the
 company's ability to master complex technologies required for the design of
 innovative products, and the company's ability to launch new products into
 production. Other risk factors that may affect the company's financial
 performance are listed in the company's fiscal year 2000 10-K annual report on
 file with the SEC. New Focus undertakes no obligation to publicly release any
 revisions to these forward-looking statements, which may be made to reflect
 events or circumstances after the date hereof or to reflect the occurrence of
 unanticipated events.
 
     About New Focus
     New Focus designs, manufactures and markets innovative fiber optic
 products for next-generation optical networks. The company's Smart Optics for
 Networks(TM) products enhance the performance of next-generation optical
 networks by enabling higher channel counts, faster data rates, longer reach
 lengths, new service capabilities, and lower costs of ownership. Founded in
 1990, the company remains a leader in the creation of advanced optical
 products for the commercial and research marketplaces. The company is
 headquartered in San Jose, California and has operations in Santa Clara and
 Camarillo, California, Madison, Wisconsin, and Shenzhen, People's Republic of
 China that employ approximately 1,800 people.
     For more information about New Focus visit the company's Internet home
 page at http://www.newfocus.com, call our Investors Relations Department at
 408-284-NUFO, or e-mail us at investor@newfocus.com.
 
 

SOURCE New Focus, Inc.
    SAN JOSE, Calif., April 2 /PRNewswire/ -- New Focus, Inc., (Nasdaq:   NUFO),
 a leading supplier of innovative fiber optic products for next-generation
 optical networks under the Smart Optics for Networks(TM) brand, today
 announced the departure of Paul G. Smith, vice president and general manager
 for a portion of the company's telecom business. Smith is leaving to become
 president and chief executive officer of a privately held, venture-backed
 telecom systems company in San Jose.  The company also indicated that net
 revenue for the first quarter ended April 1, 2001 should fall within the
 $38-41 million range announced in early March.
     "Paul has been a significant contributor to the success of New Focus. We
 wish him all the best and thank him for his dedication and support over the
 past three years," said Kenneth E. Westrick, president and chief executive
 officer of New Focus, Inc.
     Effectively immediately, Westrick will assume responsibility for Smith's
 sales and marketing functions on an interim basis. Dr. Timothy Day, vice
 president, chief technology officer and co-founder, will expand his role and
 directly lead the company's research and development efforts. Previously, Day
 focused on the company's strategic technology initiatives and acted in an
 advisory capacity on research and development programs across the company.
     "I am now taking a more direct and active role in guiding the company's
 sales and marketing activities, especially in our telecom business. Similarly,
 Tim is now directly responsible for development efforts in all product areas.
 This organization structure should allow us to focus our efforts and balance
 resources more effectively across the company. Managing spending levels is
 critical in this uncertain market environment and this realignment of
 responsibilities should help in this regard. We will, however, continue to
 fully fund product programs, such as our tunable laser subsystem for network
 applications, that address the needs of next-generation optical networks,"
 said Westrick.
     The company will announce its first quarter financial results on April 25,
 2001 after the market closes.
 
     Forward-Looking Statements:
     This press release contains predictions, estimates and other
 forward-looking statements regarding the company's expected net revenue for
 the first quarter of 2001 and the company's ability to focus and balance
 resources more effectively, to manage spending levels, and to deliver
 innovative products for next-generation optical networks. These statements are
 subject to risks and uncertainties and actual results may differ materially
 from any future performance suggested. The risks and uncertainties include any
 accounting adjustments made during quarter close, the ability of current
 management to effectively manage a broader scope of responsibilities, the
 company's ability to hire additional sales and marketing professionals, the
 company's ability to maintain a staff of highly qualified engineers, the
 company's ability to master complex technologies required for the design of
 innovative products, and the company's ability to launch new products into
 production. Other risk factors that may affect the company's financial
 performance are listed in the company's fiscal year 2000 10-K annual report on
 file with the SEC. New Focus undertakes no obligation to publicly release any
 revisions to these forward-looking statements, which may be made to reflect
 events or circumstances after the date hereof or to reflect the occurrence of
 unanticipated events.
 
     About New Focus
     New Focus designs, manufactures and markets innovative fiber optic
 products for next-generation optical networks. The company's Smart Optics for
 Networks(TM) products enhance the performance of next-generation optical
 networks by enabling higher channel counts, faster data rates, longer reach
 lengths, new service capabilities, and lower costs of ownership. Founded in
 1990, the company remains a leader in the creation of advanced optical
 products for the commercial and research marketplaces. The company is
 headquartered in San Jose, California and has operations in Santa Clara and
 Camarillo, California, Madison, Wisconsin, and Shenzhen, People's Republic of
 China that employ approximately 1,800 people.
     For more information about New Focus visit the company's Internet home
 page at http://www.newfocus.com, call our Investors Relations Department at
 408-284-NUFO, or e-mail us at investor@newfocus.com.
 
 SOURCE  New Focus, Inc.