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Technology Stocks : Align-Rite Int'l (MASK) Undervalued compared to PLAB DPMI
PLAB 21.71-4.3%Nov 7 9:30 AM EST

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To: Joe Dancy who wrote (46)4/16/1997 1:01:00 PM
From: Joe Dancy   of 388
 
Align-Rite Makes German Acquisition

NEW YORK, April 16 (Reuter) - Align-Rite International Inc said Wednesday it had bought the photomask manufacturing business unit of TEMIC, a division of Daimler-Benz AG <DAIGF.O> <DAIG.F>.

Align-Rite and TEMIC also said they had struck a long-term alliance and supply deal.

Terms were not disclosed.

Align-Rite is based in Los Angles. TEMIC is based in Heilbronn, Germany.

Last year TEMIC's photomask demand increased to about 10 million marks, the companies said in a joint statement.

07:37 04-16-97
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