ESIO: Electro Scientific Inds. Message Board

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Technology Stocks : ESIO: Electro Scientific Inds.

ESIO 29.99

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Feb 1 4:00 PM EST

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From: mopgcw	10/7/2002 8:37:59 PM
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GSI Lumonics, Inc. Announces Court Decision PR Newswire, Monday, October 07, 2002 at 18:02 OTTAWA, Oct 7, 2002 /PRNewswire-FirstCall via COMTEX/ -- GSI Lumonics Inc. (Nasdaq: GSLI and Toronto: LSI) today announced that the U.S. Court of Appeals for the Federal Circuit has vacated the summary judgment ruling of non-infringement of the U.S. District Court for the Central District of California in the patent infringement case of Electro Scientific Industries, Inc. (Nasdaq: ESIO) vs. Dynamic Details Inc. and GSI Lumonics Inc. and remanded the matter back to the District Court for additional claim construction. On August 14, 2001, the District Court had granted GSI Lumonic's motion for summary judgment of non-infringement and denied Electro Scientific's motion for summary judgment of infringement."Although we are disappointed in the Federal Circuit's decision, we remain confident in our position of non-infringement"said Charles D. Winston, CEO of GSI Lumonics. The Company does not believe that the outcome of this matter will have a material adverse effect upon the Company, its financial condition or results of operations.

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