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Technology Stocks : Defense and Security Investing

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To: Larry S. who wrote (161)	3/15/2004 7:58:59 AM
From: Larry S.	Read Replies (2) of 245

General Electric to Buy InVision Technologies General Electric Co. is buying bomb-etection company InVision Technologies Inc. for $900 million, according to a person familiar with the matter. The deal values Invision's shares at $50, or about 21% over the shares Friday closing price of $41.22. Industrial giant General Electric has recently said that it wants to increase its presence in the homeland-security technology arena. With Invision, of Newark, Calif., it gets a company that has profited handsomely from U.S. government contracts for bomb-detection systems in airports, last year reporting net income of $56.9 million on sales of $416.5 million. InVision produces computer tomography equipment, which detects the presence of explosives, and is typically used in airport-screening locations. The company is the leading provider of checked-baggage scanners in U.S. airports. InVision also operates a separately-owned subsidiary, called Yxlon, which makes X-ray defraction equipment. The deal will be announced this morning, this person adds. yeehaw!! pers own INVN from low 20's. thank you GE. but actually, am sorry to see this company go. larry

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