To: Ram Seetharaman who wrote (154 ) 4/6/2000 4:35:00 PM From: Ram Seetharaman Respond to of 328
As I said before GSLI should see new higher highs! It has started today with this attractive order as below! Thursday April 6, 3:33 pm Eastern Time Company Press Release SOURCE: GSI Lumonics Inc. GSI Lumonics' Captures Over $9 Million in Trim System Orders KANATA, Ontario, April 6 /PRNewswire/ -- GSI Lumonics Inc. (Nasdaq: GSLI - news; Toronto: LSI - news) today announced that it has over the last three weeks received in excess of $9 million (including a follow-on order from Samsung Electronics) in new orders for semiconductor and circuit trim systems, primarily for wireless and other communications-related applications. GSI Lumonics is the global market leader in laser trim systems, offering a wide range of process solutions that provide enabling technology for SMT component, circuit sub-assembly and semiconductor manufacturers to produce precision passive components, hybrid circuit sub-assemblies, and semiconductor linear and mixed signal devices. ``The majority of these systems add capacity to meet increased levels of business fueled by the explosion in demand for wireless and cellular communications products,' said Charles Winston, President & CEO, GSI Lumonics. ``We are very pleased that both our traditional and new customers recognize the exceptional value that our systems add to their manufacturing processes', added Winston. ``Our established reputation for delivering excellent customer satisfaction, as well as leading-edge process technology, played a major role in securing this highly competitive business.' GSI Lumonics Inc. brings laser-based automated advanced manufacturing systems, instrumentation and components to leading industrial companies worldwide. The Company supplies products and service to the semiconductor, electronics, automotive, medical, aerospace and telecommunications industries. GSI Lumonics' common shares are listed on Nasdaq and The Toronto Stock Exchange. The Company's web site address is www.gsilumonics.com. To the extent this news release discusses financial projections, information or expectations about GSI Lumonics Inc., products or markets, or otherwise makes statements about the future, such statements are forward looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. The factors include the fact that the companies' sales have been and are expected to continue to be dependent upon customer capital equipment expenditures, which are, in turn, affected by business cycles in the markets served by those customers. Other factors include continued volatility in Asia and in the semiconductor industry, the risk of order delays and cancellations, the risk of delays by customers in introducing their new products and market acceptance of products incorporating subsystems supplied by the companies, similar risks to the companies of delays in their new products and other risks detailed in the companies' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. SOURCE: GSI Lumonics Inc.