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Technology Stocks : Electro Scientific??? -- Ignore unavailable to you. Want to Upgrade?

To: vinh pham who wrote (685)	6/22/2000 9:06:00 PM
From: Mark Oliver	Respond to of 723

Maybe this will help? ESIO will probably turn pretty quickly when the market feels better. Never heard of Survivor. Hope that's about a dotcom investor. Regards, Mark Micron earnings beat expectations June 22, 2000 06:12 PM (Adds details, background, byline, previous BOISE, Idaho) By Michael Fitzpatrick LOS ANGELES, June 22 (Reuters) - Micron Technology Inc.MU , the world's second-biggest maker of computer memory chips, on Thursday posted better-than-expected profits, buoyed by a surge in semiconductor sales. The Boise, Idaho-based company posted net income of $275 million, or 47 cents a share on a diluted basis, for its third fiscal quarter ended June 1. That compared with a year-ago loss of $28 million, or 5 cents a share. The per share results for both years reflect a 2-for-1 stock split effective May 1. Wall Street analysts had expected the company to post earnings of 34 cents a share, according to First Call/Thomson Financial. Sales rose to $1.8 billion from $864 million. While semiconductor market conditions have improved and average selling prices were up in late May and early June, Micron said that average selling prices for the third fiscal quarter were about 20 percent lower than the second fiscal quarter. The rise in selling prices was likely to show up in the current quarter and later in the calendar year, analysts said. Semiconductor sales for the third quarter were $1.5 billion, up 30 percent from the second fiscal quarter due to a a significant increase in megabits of memory shipped, Micron said. Total megabits of memory produced in the third fiscal quarter were about 30 percent higher than the second quarter, Micron said. Without nonrecurring adjustment, gross margin on semiconductor memory products was 40 percent in the latest quarter, down from 41 percent in the second quarter. The company's overall gross margin was 36 percent excluding the nonrecurring adjustment, in the third quarter, off from 37 percent in the immediately preceding quarter. Gross margin in the latest quarter benefited from a $49 million, or about a 5 cents a share, nonrecurring adjustment of costs of products purchased under a joint venture supply arrangement. Including that, the company's overall gross margin was 39 percent. Micron said unit shipments of its PC systems rose 19 percent in the third quarter vs. the second quarter, primarily due to a 21 percent rise in desktop unit shipments for to small business and retail-direct sales.

To: vinh pham who wrote (685)	6/26/2000 6:00:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 723

Looks like ESIO will announce earnings on 7/11/2000. Options for July expire on the 21st. That does make them an interesting subject. Wonder how the price will unfold over the next couple of weeks? Doesn't really make sense for ESIO to be down like it is, but the volume was pretty strong today with 1285800 shares traded. Opinion on the group continues to be divided, which seems to mean the street doesn't have much faith in ESIO? We know it can come roaring back though on very few shares traded. Regards, Mark

To: vinh pham who wrote (685)	7/10/2000 10:57:20 AM
From: Mark Oliver	Respond to of 723

Really a profit taking day. I wonder if we'll see any announcements when the back-end show starts at SemiCon West in San Jose? Today is really a front end story with lots of news from AMAT and others about new equipment and a renewed push into 300mm wafer scale. I believe it was not a great upgrade cycle for ESI as they move to larger wafers?? It doesn't really make sense, but something seemed to make me recall that they could adapt existing machines? Anyway, wondering if this is just a breather before the next move. I am surprised at the strength of negative on such small volume. There are no buyers stepping in at all. Maybe the Market Makers are shaking the tree? Thinking of buying some EQOGI, which is July 45's. They dropped $2 to 3 3/4. Patience seems to be the word though when timing in on ESI. Regards, Mark

To: vinh pham who wrote (685)	7/11/2000 8:35:51 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 723

ESI Announces Record Fiscal 2000 Sales and Earnings PR Newswire - July 11, 2000 16:20 PORTLAND, Ore., July 11 /PRNewswire/ -- Electro Scientific Industries, Inc. (Nasdaq: ESIO) announced record results for its fiscal year ended June 3, 2000. Sales were $317 million and earnings were $40.9 million, or $1.49 per diluted share. This compares to sales of $206 million and earnings of $10.4 million, or $0.39 per diluted share for the prior fiscal year, excluding merger related and non-recurring patent litigation trial expenses. (Photo: newscom.com ) Fourth quarter sales were $109 million, an increase of 33% over third quarter sales of $82 million. Earnings were $17.2 million, or $0.61 per diluted share, up 42% over third quarter earnings of $11.9 million, or $0.43 per diluted share. "Our record performance for fiscal year 2000 reflects both growth in demand across the entire electronics industry and growth in our market share," said Donald R. VanLuvanee, ESI's Chief Executive Officer and President. "Miniature surface mount capacitor manufacturing systems continue to be ESI's strongest product area. Geographically, sales to Asia and Japan were again strong, accounting for 63 percent of total sales in Q4." Backlog was $169 million on June 3, 2000, compared to $96 million at the end of the third quarter, and $23 million on May 31, 1999. This press release may include forward-looking statements, which are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such statements are subject to a number of known and unknown risks and uncertainties that could cause actual results to be materially different, either better or worse, from those discussed. Such risks and uncertainties are numerous and are discussed in more detail in the Company's Annual Report on Form 10-K and interim reports on Form 10-Q and include: the continuing strength of the electronics industry -- which is dependent on many factors including component prices, global economic strength and overall demand for electronic devices used in wireless telecommunications equipment, automotive and consumer electronics and computers (such as miniature capacitors, semiconductor memory devices, and advanced electronic packages); the ability of the Company to respond quickly to customer requirements; the ability of the Company to develop and manufacture new products and enhancements, and to introduce them successfully into the market; and the Company's ability to create and sustain intellectual property protection around its products. About ESI ESI, headquartered in Portland, Oregon, designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnection; and machine vision systems. Electro Scientific Industries is traded on the NASDAQ National Market System under the symbol, "ESIO." ESI's web site is esi.com. Electro Scientific Industries, Inc. FY 2000 Results (In thousands, except per share data) Three Months Ended Year Ended Operating Results: June 3, May 31, June 3, May 31, 2000 1999 2000 1999 Net sales $108,935 $57,277 $316,925 $206,242 Gross margin 61,657 28,084 174,465 102,931 Operating expenses: Selling, service and administrative 28,711 15,753 86,033 58,718 Research, engineering and development 8,876 7,382 31,143 30,289 Merger related expenses 0 1,407 0 4,180 Total operating expenses 37,587 24,542 117,176 93,187 Operating income 24,070 3,542 57,289 9,744 Interest income 1,290 240 2,695 1,147 Other income (275) (71) (112) 89 Income before income taxes 25,085 3,711 59,872 10,980 Provision for income taxes 7,880 775 19,012 3,452 Net income $17,205 $2,936 $40,860 $7,528 Net income per share - Basic $0.64 $0.11 $1.55 $0.29 Net income per share - Diluted $0.61 $0.11 $1.49 $0.28 Pro-forma EPS - Basic * $0.64 $0.16 $1.55 $0.40 Pro-forma EPS - Diluted * $0.61 $0.15 $1.49 $0.39 * Excludes the transaction cost of mergers in fiscal 1999. Electro Scientific Industries, Inc. Analysis of FY 2000 Results (Dollars in thousands) Three Months Ended Year Ended June 3, May 31, June 3, May 31, 2000 1999 2000 1999 Sales detail: Memory yield improvement systems $26,243 $18,372 $81,947 64,953 Electronic component manufacturing equipment 47,504 13,525 117,915 46,312 Circuit fine tuning systems 10,441 3,343 31,044 21,807 Advanced electronic packaging systems 11,541 13,911 40,897 46,149 Vision and inspection products 13,206 8,126 45,122 27,021 Total $108,935 $57,277 $316,925 $206,242 Gross margin % 56.6% 49.0% 55.0% 49.9% Selling, service and administrative expense % 26.4% 27.5% 27.1% 28.5% Research, engineering and development expense % 8.1% 12.9% 9.8% 14.7% Operating income margin % * 22.1% 8.6% 18.1% 6.8% Effective tax rate %* 31.4% 20.9% 31.8% 31.4% Average shares outstanding - Basic 26,766 26,046 26,357 25,854 Average shares outstanding - Diluted 28,111 26,838 27,357 26,480 * Excludes the transaction cost of mergers in fiscal 1999. Electro Scientific Industries, Inc. FY 2000 Results (Amounts in thousands) Financial Position As Of: June 3, February 26, May 31, 2000 2000 1999 Cash and S/T investments $98,398 $59,298 $32,658 Trade receivables 73,346 83,518 78,998 Inventory 56,334 53,218 51,313 Deferred tax assets 8,171 6,779 6,699 Other current assets 3,625 7,458 4,033 Total current assets 239,874 210,271 173,701 Property and equipment, net 36,017 34,145 33,462 Deferred tax assets 0 2,539 2,455 Other assets 15,750 13,972 12,205 Total assets $291,641 $260,927 $221,823 Current liabilities $35,074 $27,490 $20,562 Deferred tax liabilities 426 0 0 Shareholders' equity 256,141 233,437 201,261 Total liabilities and equity $291,641 $260,927 $221,823 End of period shares outstanding 26,855 26,670 26,094 SOURCE Electro Scientific Industries, Inc. /CONTACT: Joe Reinhart, Investor Relations, 503-671-5500, or Kimberly McAlear, Press Relations, 503-671-5233, both of Electro Scientific Industries, Inc./ /Photo: newscom.com AP Archive: photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 201-369-3467/ /Web site: esio.com (ESIO)