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Technology Stocks : Electro Scientific???

ESIO 29.99

0.0%

Feb 1 4:00 PM EST

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To: vinh pham who wrote (273)	11/4/1997 3:23:00 PM
From: Mark Oliver	of 723

Well, they could have been more polite about not buying. Why say "our sole interest"? Unless people are saying they are just trying to interfer with ESI? I suppose the troube could be at Kulicke and Soffa, which was just replaced on a buy list and also was ESI CEO's old company. Interesting days in Peyton Place. "Our sole interest in acquiring AISI was to add to Cognex's profitability by adding AISI's customers to our rolls. We now believe that AISI's future revenue and profits are likely to be below our earlier estimates, largely due to a possible decrease in future business from their principal customer who is currently funding an internal effort to develop an alternative to the AISI products," said Dr. Robert J. Shillman, Cognex's President, CEO, and Chairman. "Cognex will continue to seek accretive acquisitions that bring unique technology or new market opportunities to our company; unfortunately, AISI no longer meets our criteria."

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