Electro Scientific??? Message Board

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Technology Stocks : Electro Scientific???

ESIO 29.99

0.0%

Feb 1 4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (455)	9/18/1998 10:20:00 AM
From: Mark Oliver	Read Replies (1) of 723

I don't think the expectations were so lofty. Perhaps the analysts had lofty expectations. I really must hear the CC before I say anything as I'm just a guy on the outside looking in. They did say they had no order visibility going into the quarter and they had shorter lead times on sales which meant that bookings don't tell them as much as before. They said low end drilling would face cheaper competition from asian comp due to currency. They aren't getting any help from K&S or Universal on vision. Markets for capacitors are tough. Then look at plant closures and the possible merge of LG and Hyundai. I think all these companies have made some pretty quick decisions. If you had asked a company 6 months ago if they would close a billion dollar investment, they would have laughed. So, this is a sample of how bad things are. I've listened to this company for a couple years now and I don't blame this for miss leading. I think they've just come up against conditions they didn't expect. Did you listen to the call yet? Regards, Mark

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