PORTLAND, Ore., Jan 28, 2000 /PRNewswire-- Electro
Scientific Industries, Inc. (Nasdaq: ESIO) announced today that it
anticipates financial results for its third quarter, ending February
26, 2000, to exceed current estimates. Third quarter revenues are
expected to be up sequentially over 20 percent, with operating income
near 20 percent of sales.
"We see increased strength across our markets," said Donald R.
VanLuvanee, ESI's Chief Executive Officer and President. "This strength
is led by our passive component manufacturing systems, historically a
leading indicator for other ESI markets."
The Company expects to report results for its third quarter ending
February 26, 2000, during the week of March 13, 2000.
Statements in this press release may include forward-looking
statements, which are subject to the Safe Harbor provisions created by
the Private Securities Litigation Reform Act of 1995. Such statements
are subject to a number of known and unknown risks and uncertainties
that could cause actual results to be materially different, either
better or worse, from those discussed. Such risks and uncertainties are
numerous and are discussed in more detail in the Company's Annual
Report on Form 10-K and interim reports on Form 10-Q and include: the
continuing strength of the electronics industry -- which is dependent
on many factors including component prices, global economic strength
and overall demand for electronic devices used in wireless
telecommunications equipment, automotive and consumer electronics and
computers (such as miniature capacitors, semiconductor memory devices,
and advanced electronic packages); the ability of the company to
respond quickly to customer requirements; the ability of the Company to
develop and manufacture new products and enhancements, and to introduce
them successfully into the market; and the Company's ability to create
and sustain intellectual property protection around its products.
About ESI ESI, headquartered in Portland, Oregon, designs and
manufactures sophisticated products used around the world in
electronics manufacturing including: laser manufacturing systems for
semiconductor yield improvement; production and test equipment for the
manufacture of surface mount ceramic capacitors; laser trim systems for
precise electrical tuning of circuits; precision laser and mechanical
drilling systems for electronic interconnection; and machine vision
systems. Electro Scientific Industries is traded on the Nasdaq National
Market System under the symbol, "ESIO." ESI's web site is
esi.com .
SOURCE Electro Scientific Industries, Inc.
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